Atlas Arteria issues performance rights to employees
Atlas Arteria (ASX:ALX) has issued 32,214 performance rights to employees, which are not intended for quotation on the ASX. These rights fall under the company's 2025 Long Term Incentive Plan (LTIP) and include retention rights for executives. The issuance date for these unquoted securities is August 5, 2025, with the announcement made on October 10, 2025.
Each performance right issued, including the retention rights, entitles the holder to receive one ordinary ALX stapled security upon vesting, subject to specified service and performance conditions. These rights will rank equally in all respects with existing issued securities in their class from their issue date.
Following this issuance, the total number of unquoted performance rights (ASX code: ALXAL) on issue for Atlas Arteria will be 2,622,567. The company confirmed that no securities were issued to key management personnel or their associates in this specific notification. The issuance utilized the entity's 15% placement capacity without needing security holder approval under listing rule 7.1.
This report was generated by FilingReader's AI system from regulatory filings and company disclosures. To request a correction, contact editorial@filingreader.com
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