Playside Studios to issue restricted shares for employee retention

Playside Studios Limited (ASX:PLY) has unveiled a new proposal to issue 1,046,530 ordinary fully paid restricted securities (ASX code: PLYAB) without requiring security holder approval, utilizing its 15% placement capacity. The announcement indicates an issue date of December 17, 2025. These securities are part of a Tax-Exempt Restricted Employee Share Plan, with an estimated AUD equivalent consideration of AUD 0.0000001 per security.

The primary purpose of this securities issue is to facilitate staff retention across the company. All 1,046,530 shares will be subject to a restriction period of three years, ceasing on December 17, 2028. The newly issued securities are expected to rank equally in all respects with existing issued securities in the same class from their issue date.

Playside Studios confirmed that no external approvals are required for this placement to proceed unconditionally, and there will be no lead manager or underwriter involved. The company does not anticipate any other material fees or costs in connection with this proposed issue and will not be changing its dividend or distribution policy as a result.