Vicinity Centres grants performance and restricted rights to key personnel

Vicinity Centres announced the allocation of performance and restricted rights under its FY2026 Equity Incentive Plan, approved by securityholders at the 2025 Annual General Meeting. Peter Huddle, a director, was granted 913,591 performance rights, increasing his total holdings to 2,204,449 fully paid ordinary stapled securities, alongside existing performance rights from previous FY plans. The performance rights were calculated based on a volume weighted average price of stapled securities of $2.5449.

In total, 2,544,526 performance rights and 555,824 restricted rights were issued on December 10, 2025. Peter Huddle received 913,591 performance rights, and Adrian Chye received 337,930 performance rights. These grants were made without security holder approval, utilizing the entity's 15% placement capacity under ASX Listing Rule 7.1, with 2,186,759 performance rights issued under this capacity.

Following these issues, Vicinity Centres now has 4,599,700,895 fully paid ordinary/units stapled securities, 11,235,202 performance rights, and 2,159,817 restricted rights on issue. The restricted rights granted to LTI participants below the Executive Leadership Team will vest in two tranches, 50% in early September 2028 and 50% in early September 2029, subject to ongoing employment and performance.