Magellan boosts employee incentives with new equity awards

Magellan Financial Group Limited announced on November 6, 2025, the issuance of 668,028 unquoted equity securities under its employee incentive plans, effective October 31, 2025. These securities, not intended for ASX quotation, include matching awards, employee equity grants, and long term incentive plan allocations.

Specifically, 971 matching awards were issued, with 971 allocated to Sophia Rahmani, a key management personnel (KMP). Additionally, 46,075 employee equity grants were issued. The largest allocation comprised 620,982 securities under the long term incentive plan, with 42,759 distributed to Dean McGuire and 145,772 to Sophia Rahmani, both KMP.

Following these issuances, Magellan's total unquoted securities now include 53,590 matching awards, 89,446 employee equity grants, 1,051,656 long term incentive plan securities, and 4,592,500 options expiring April 16, 2027, with an exercise price of $35.00. All newly issued securities rank equally with existing ones in their respective classes. The issuances were made under Listing Rule 7.2 exception 13, not requiring security holder approval under Listing Rule 7.1.