Scentre Group sees over 44,000 performance rights lapse

Scentre Group today released an Appendix 3H notification detailing the cessation of 44,181 unquoted performance rights (ASX code: SCGAA). The cessation occurred on July 4, 2025, and was attributed to the lapse of conditional rights to securities. The company stated that the conditions for these rights were either not satisfied or became incapable of being satisfied. This cessation was also linked to a non-KMP executive leaving the group, with no consideration paid by Scentre Group for the cessation of these securities.

Following this change, the total number of unquoted performance rights (SCGAA) on issue for Scentre Group now stands at 24,272,762. The company's total quoted securities, consisting of fully paid ordinary/units stapled securities (SCG), remain unchanged at 5,216,417,412. This notification highlights a routine adjustment in the company's equity structure tied to executive incentives and performance conditions.

The announcement was made on October 14, 2025, by Scentre Group, which comprises Scentre Group Limited, Scentre Group Trust 1, Scentre Group Trust 2, and Scentre Group Trust 3. This disclosure provides transparency regarding the company's issued capital following the cessation of these unquoted securities.