Breville Group issues new performance and deferred share rights

Breville Group Limited (ASX:BRG) disclosed the issuance of a total of 1,633,734 unquoted equity securities on November 26, 2025. This comprises 649,512 performance rights and 984,222 deferred share rights, both issued under an employee incentive scheme. These new securities are not intended to be quoted on the ASX and will rank equally with existing securities in their respective classes from their issue date.

Among the recipients of these grants are key management personnel (KMP). James D. Clayton, a director, received 79,934 performance rights and 29,381 deferred share rights. Martin Nicholas received 19,876 performance rights and 114,599 deferred share rights, while Scott Brady received 4,413 performance rights. These issuances represent a change in director Clayton's direct holdings, increasing his performance rights to 272,714 and deferred share rights to 179,384.

The majority of the securities, 569,578 performance rights and 954,841 deferred share rights, were issued using the company's 15% placement capacity without shareholder approval. However, the performance rights issued to Jim Clayton (79,934) and deferred share rights issued to Jim Clayton (29,381) fell under Exception 14 of Listing Rule 7.2, as these issues were approved by shareholders at the 2025 Annual General Meeting. Following these issuances, Breville Group's total unquoted securities now include 2,006,491 performance rights and 1,564,196 deferred share rights, alongside 144,834,480 ordinary fully paid shares.