Deterra Royalties: Share rights lapse as vesting conditions unmet

Deterra Royalties Limited today notified the market of the cessation of 1,475 unquoted share rights (ASX code: DRRAB) effective October 23, 2025. These securities lapsed because the conditions for their vesting were not satisfied or became incapable of being met. The company confirmed that no consideration was paid for this cessation.

Following this adjustment, the total number of unquoted share rights (DRRAB) on issue has decreased to 322,507. Additionally, the company has 890,844 unquoted performance rights (DRRAA). The total number of quoted ordinary fully paid shares (DRR) remains unchanged at 529,131,590.

This announcement reflects a routine adjustment to the company's issued capital in line with its employee incentive schemes, where conditional rights are forfeited if performance or service conditions are not met.