Benz Mining Corp. Issues 600,000 Performance Rights to Four KMP on 2 November 2026

Sonal Goyal

02 November 2026 08:19 PM AEDT

Benz Mining Corp. Issues 600,000 Performance Rights to Four KMP on 2 November 2026

Image Source: Krish Capital Pty Ltd

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Benz Mining Corp. (ASX:BNZ) has notified the market of the issue of 600,000 unquoted performance rights to key management personnel, with the securities issued on 2 November 2026 under the company's employee incentive scheme as approved by shareholders on 17 August 2026.

Key Points

600,000 performance rights (ASX code: BNZAV) were issued on 2 November 2026
All four recipients are key management personnel, each receiving 150,000 performance rights
The issue was approved by shareholders on 17 August 2026 and issued under Listing Rule 7.2 Exception 13
Following the issue, total unquoted BNZAV performance rights on issue stand at 8,355,000

Performance Rights Issue Details

Benz Mining Corp. disclosed the issue of 600,000 unquoted performance rights under security code BNZAV on 2 November 2026. The securities were issued under an employee incentive scheme and are not intended to be quoted on ASX. According to the filing, the performance rights rank equally in all respects from their issue date with the existing issued securities in that class. The issue was made under Listing Rule 7.2 Exception 13, meaning security holder approval under Listing Rule 7.1 was not required for the issue itself, though shareholder approval for the scheme was obtained on 17 August 2026.

Key Management Personnel Recipients

The 600,000 performance rights were allocated equally among four key management personnel, with each receiving 150,000 rights. The recipients and their registered holders are as follows: Mathew O'Hara, with securities registered to Mrs Phillipa Lee O'Hara via the O'Hara Investment A/C; Peter Williams, registered to Torr Family Pty Ltd via the Torr A/C; Nick Tintor, registered directly to Mr Nicholas Tintor; and Nick Jolly, registered to Nicholas Jolly & Associates Pty Ltd via the Jolly Family A/C. The filing confirms all four recipients are key management personnel or associates.

Securities on Issue Following the Transaction

Following the issue of the 600,000 performance rights, Benz Mining Corp.'s total unquoted BNZAV performance rights on issue stand at 8,355,000. The company's quoted securities comprise 335,413,508 CHESS Depositary Interests (CDIs) at a ratio of 1:1, listed under code BNZ. Additional unquoted securities on issue include 44,469,840 ordinary fully paid shares (BNZAA) and 125,000 options expiring 31 August 2027 with an exercise price of CAD 0.265 (BNZAG), according to the filing's securities summary table.

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