Pilbara Minerals expands quoted securities after performance rights exercise

Pilbara Minerals Limited applied for the quotation of 96,588 new ordinary fully paid securities, resulting from the exercise of performance rights expiring on December 31, 2026. These securities were issued on October 2, 2025, and will rank equally with existing quoted securities from their issue date. The company confirmed no cash consideration was payable for the vesting and exercise of these performance rights, which were granted under the "Pilbara Minerals Award Plan" approved by shareholders on November 23, 2023.

The performance rights were assessed against specific targets over a three-year vesting period ending June 30, 2025. Following this quotation, the total number of ordinary fully paid securities quoted on the ASX for Pilbara Minerals will increase to 3,219,310,334. The company still has a significant number of unquoted performance rights across various expiry dates, with 1,284,320 performance rights expiring on December 31, 2026, remaining unquoted.