Peet Limited issues performance rights to key management and employees

Peet Limited (PPC) has issued a total of 1,075,300 unquoted performance rights, effective October 6, 2025. These securities were issued under an employee incentive scheme and are not intended to be quoted on the ASX. The issuance utilized the company's 15% placement capacity without security holder approval.

A significant portion of these performance rights was granted to key management personnel (KMP) and their associates. Brett Fullarton received 175,439 rights, Peter Dumas 204,211 rights, Tony Gallagher 221,053 rights, and Domenico Scafetta 122,807 rights. These new securities will rank equally in all respects with existing issued securities in their class from the issue date.

Following this issuance, the total number of unquoted performance rights (PPCAQ) on issue for Peet Limited now stands at 5,923,282. The company's total quoted ordinary fully paid shares remain at 468,158,956. The terms of the employee incentive scheme are detailed in the Explanatory Memorandum from the 2024 notice of AGM, with no changes reported since.