Northern Star grants performance rights to managing director Tonkin

Northern Star Resources Ltd (ASX:NST) issued 403,466 unquoted performance rights to its managing director, Stuart Peter Tonkin, on November 19, 2025. These securities, issued under an employee incentive scheme, include 237,333 FY26 long-term incentive (LTI) performance rights and 166,133 FY26 short-term incentive (STI) performance rights. The grant was approved by shareholders at the annual general meeting held on November 18, 2025, and valued at A$18.5393 per performance right, totaling A$7,479,977.21.

These performance rights, identified by the ASX security code NSTAA, are intended to rank equally in all respects with existing issued securities in that class from their issue date. Following this transaction, Stuart Tonkin's direct holding of performance rights increased to 1,792,917. His indirect holdings of ordinary fully paid shares remain at 150,000 via Stuart Tonkin SMSF Pty Ltd and 100,000 via Gladstone Mining (WA) Pty Ltd.

The total unquoted securities for Northern Star Resources Ltd now comprise 8,488 share rights (NSTAC) and 11,199,615 performance rights (NSTAA). The company’s quoted ordinary fully paid shares (NST) remain at 1,430,735,312.