Develop Global director increases stake after performance rights exercise

William James Beament, a director of Develop Global Limited, has increased his substantial holding in the company following the exercise of performance rights. On October 3, 2025, Beament's voting power rose from 19.64% to 19.69%, corresponding to an increase from 64,508,778 to 64,854,834 ordinary shares. This change resulted from the acquisition of 346,056 shares, including 92,606 shares from the exercise of vested performance rights on August 21, 2025, and an additional 253,450 shares from rights exercised on October 3, 2025.

The change reflects the exercise of 253,450 performance rights into ordinary shares under the FY25 short-term incentive plan, alongside the lapse of 92,172 performance rights. No consideration was given for the exercise of these performance rights.

Following these transactions, Beament's direct holding, held as trustee for the Beament Family Trust, increased to 64,724,601 ordinary shares and 2,200,000 performance rights. His indirect holdings across Mining and Infrastructure Group Pty Ltd, St Emilion Super Pty Ltd ATF The St Emilion Super Fund, and The Estate of Mr John Beament remained unchanged, totaling 130,233 shares.