Australian Rare Earths Issues 6,935,014 Performance Rights on 12 November 2026

Aditi Sarkar

12 November 2026 04:54 PM AEDT

Australian Rare Earths Issues 6,935,014 Performance Rights on 12 November 2026

Image Source: Krish Capital Pty Ltd

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Australian Rare Earths Limited (ASX:AR3) has issued 6,935,014 unquoted performance rights on 12 November 2026 under its employee incentive scheme, with a portion of the securities allocated to key management personnel, according to a filing lodged with the exchange.

Key Points

6,935,014 performance rights (ASX security code AR3AV) were issued on 12 November 2026
The securities are unquoted and issued under an employee incentive scheme not intended to be quoted on ASX
Key management personnel Noel Whitcher, via N & S Management Consulting Pty Ltd <NOESAR Family A/C>, received 1,880,493 of the performance rights
Following the issue, total AR3AV performance rights on issue stand at 39,993,193

Performance Rights Issue Details

Australian Rare Earths disclosed the issue of 6,935,014 performance rights under ASX security code AR3AV, with an issue date of 12 November 2026. The filing states the securities rank equally in all respects from their issue date with the existing issued securities in that class. The performance rights were issued without security holder approval, utilising the company's 15% placement capacity under ASX Listing Rule 7.1. The securities are classified as other securities issued under an employee incentive scheme and are not intended to be quoted on ASX.

Key Management Personnel Allocation

The filing confirms that a portion of the performance rights were issued to key management personnel. Noel Whitcher, whose securities are registered under N & S Management Consulting Pty Ltd <NOESAR Family A/C>, received 1,880,493 performance rights as part of the total issuance. The filing references the terms of the employee incentive scheme as disclosed in the company's notice of annual general meeting and proxy form lodged separately with ASX.

Securities on Issue Following the Transaction

Following the issue, Australian Rare Earths' total quoted ordinary fully paid shares on issue stand at 256,909,776 under ASX code AR3. Unquoted securities now include 39,993,193 performance rights under AR3AV, alongside multiple option classes. These include 18,189,194 options expiring 21 April 2029 at an exercise price of $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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