APA Group reports changes to performance rights following employee movements

APA Group has announced changes to its unquoted performance rights, including a cessation of 19,420 performance rights (ASX code: APAAA) on September 30, 2025. These rights lapsed because conditions were not met or became incapable of being satisfied, primarily due to the cessation of employment for non-key management personnel. No consideration was paid by the entity for the forfeited rights. Following this cessation, the total number of unquoted performance rights on issue was 3,690,822.

Concurrently, APA Group also issued 342,946 new performance rights (APAAA) on September 18, 2025, under an employee incentive scheme. These new securities are unquoted, rank equally with existing performance rights, and were issued without security holder approval, utilizing the entity's 15% placement capacity.

Following both the cessation and the new issue, the total number of unquoted performance rights (APAAA) stands at 4,053,188. The quoted fully paid units stapled securities (ASX: APA) remain unchanged at 1,315,181,016.