Dexus converts unquoted securities, updates director's holdings

Dexus has reported the conversion of 30,581 unquoted performance rights into fully paid units, effective October 14, 2025. These conversions stem from the vesting of performance rights granted under an employee incentive scheme for non-key management personnel. Following this, the total number of fully paid units on issue for Dexus stands at 1,075,565,246, while unquoted performance rights are now 2,490,833.

Separately, Dexus announced the cessation of 35,118 performance rights on November 25, 2025. This cessation occurred because the conditional rights to securities did not meet or became incapable of satisfying their conditions. This cancellation was for performance rights granted to Ross Du Vernet under the FY24 LTI Rights Plan, to accommodate an allocation for his service as chief executive from March 28 to June 30, 2024, now incorporated into his FY25 LTI grant.

Concurrently, an Appendix 3Y filing for director Ross Du Vernet on November 25, 2025, details changes in his indirect interests. He acquired 919,505 performance rights under the FY25 and FY26 Long Term Incentive Plans and disposed of 35,118 performance rights under the FY24 LTI. The value of the FY24 LTI Rights Cancelled was AU$278,135, while the FY25 and FY26 LTI Rights Granted were AU$3,780,817 and AU$3,000,000, respectively. After these changes, Ross Du Vernet, through indirect holdings, now holds rights to 377,212 securities.