Australian Rare Earths Limited (ASX:AR3) has issued 4,172,691 unquoted performance rights to key management personnel Travis Beinke, with the securities issued on 12 November 2026 under the company's employee incentive scheme and registered to Charwe Pty Ltd as trustee for the T & V Beinke Family Account.
Key Points
- 4,172,691 performance rights (ASX code: AR3AV) were issued on 12 November 2026 and are not intended to be quoted on ASX.
- The securities were issued to key management personnel Travis Beinke, with Charwe Pty Ltd as the registered holder.
- The issue was made under an employee incentive scheme and was exempt from shareholder approval under Listing Rule 7.2, Exception 14.
- Following the issue, total AR3AV performance rights on issue stand at 37,230,870, while ordinary fully paid shares on issue total 256,909,776.
Performance Rights Issue Details
Australian Rare Earths Limited disclosed the issue of 4,172,691 performance rights under ASX security code AR3AV on 12 November 2026. The securities form part of an existing class of unquoted securities issued under the company's employee incentive scheme and are not intended to be quoted on the ASX. According to the filing, the performance rights rank equally in all respects from their issue date with existing issued securities in that class. The issue was categorised as a new announcement submitted via an Appendix 3G notification to the ASX.
Key Management Personnel Allocation
The filing confirms that the 4,172,691 performance rights were issued to key management personnel. The named KMP is Travis Beinke, with the securities registered to Charwe Pty Ltd in the name of the T & V Beinke Family Account. The filing states the issue did not require shareholder approval under Listing Rule 7.1, as it was made under Exception 14 of Listing Rule 7.2. The terms of the employee incentive scheme are referenced in documents previously lodged with the ASX in connection with the company's annual general meeting.
Securities on Issue Following the Transaction
Following the issue of the performance rights, Australian Rare Earths Limited's total quoted ordinary fully paid shares on issue stand at 256,909,776 under the AR3 security code. Total unquoted AR3AV performance rights on issue are 37,230,870. The company also has a range of unquoted options on issue across multiple classes, including 18,189,194 options expiring 21 April 2029 at $0.2775, 15,569,695 options expiring 30 March 2029 at $0.10, and 3,000,000 options expiring 26 November 2028 at $0.325, among other classes disclosed in the filing.



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