Steadfast Group reduces unquoted equity securities due to lapsed employee awards

Steadfast Group Limited disclosed a cessation of 2,847,141 unquoted equity securities, identified as "AWARDS" under the ASX security code SDFAM. This cessation, effective October 31, 2025, resulted from the lapse of conditional rights because the associated vesting conditions were not met or became impossible to satisfy. The company confirmed no consideration was paid for these ceased securities.

Following this announcement, the total number of unquoted equity securities (SDFAM: AWARDS) on issue for Steadfast Group Limited has decreased to 2,138,740. The total number of quoted ordinary fully paid shares (SDF: ORDINARY FULLY PAID) remains unchanged at 1,111,991,628.

The company referenced its 2025 Remuneration Report for additional details, noting that deferred equity awards under both short-term incentive (STI) and long-term incentive (LTI) schemes experienced both vesting and lapsing due to unfulfilled conditions. This event significantly impacts the company's unquoted equity pool as it progresses through the 2025 financial year.