Shape Australia: Over 150,000 performance rights lapse due to unfulfilled conditions

Shape Australia Corporation Limited (SHA) has reported the cessation of 154,978 unquoted performance rights (ASX code: SHAAA) as of July 4, 2025. These rights lapsed because the conditions for their vesting were not met or became incapable of being satisfied. The company confirmed that no consideration was paid for the cessation of these securities.

Following this change, the total number of unquoted performance rights on issue for SHAAA has decreased to 2,332,085. The number of quoted ordinary fully paid shares (ASX code: SHA) remains unchanged at 83,489,260.

This announcement reflects a routine adjustment in the company's capital structure related to its employee incentive schemes, where performance-based conditions were not achieved.