Qantas issues new performance rights to key management and employees

Qantas Airways Limited issued an Appendix 3G notification on November 28, 2025, detailing the issue of 2,139,500 performance rights (ASX: QANAA) on November 24, 2025. These unquoted securities were issued under an employee incentive scheme and are not intended for quotation on the ASX. The performance rights will rank equally with existing issued securities in their class.

Key management personnel (KMP) received a portion of these rights. Vanessa Hudson was granted 284,000 performance rights, Rob Marcolina received 100,000, Stephanie Tully 105,000, Markus Svensson 100,000, Cam Wallace 100,000, and Andrew Glance 87,000. All KMP grants are held by Pacific Custodians Pty Ltd as trustee of the Qantas Employee Share Plan Trust. The Long Term Incentive Plan (LTIP) Rights entitle holders to one QAN ordinary share upon vesting and are subject to performance and service conditions, followed by a one-year trading restriction.

Following this issue, Qantas now has 1,513,199,279 quoted ordinary fully paid shares (ASX: QAN) and 7,323,143 unquoted performance rights (ASX: QANAA) on issue. Additionally, there are 11,365 unquoted NED rights (ASX: QANAC). The terms of the Qantas Long Term Incentive Plan are publicly available in the Qantas Annual Report.