New Hope Corporation adjusts equity through performance rights conversion and cessation

New Hope Corporation Limited (NHC) announced an adjustment to its unquoted equity securities, including the conversion of performance rights into ordinary fully paid shares and the cessation of other performance rights. On October 31, 2025, the company disclosed the conversion of 130,811 unquoted performance rights into 130,811 ordinary fully paid shares, which were issued on January 30, 2023. These conversions occurred between August 13, 2025, and October 30, 2025, as part of an employee incentive scheme.

Concurrently, New Hope Corporation also reported the cessation of 88,705 unquoted performance rights on October 9, 2025. This cessation was due to the lapse of conditional rights where the conditions were not met or became incapable of being satisfied. No consideration was paid by the entity for this cessation.

Following these adjustments, the total number of quoted ordinary fully paid shares now stands at 843,371,758. The total number of unquoted performance rights is 5,090,440, and unquoted convertible notes remain at 1,500.