Challenger Limited (ASX:CGF) has disclosed the issue of 257,416 unquoted performance rights to key management personnel Nicolas Hamilton, with the securities issued on 6 November 2026 under the company's employee incentive scheme.

Key Points

  • 257,416 performance rights (ASX security code: CGFAA) were issued to Nicolas Hamilton on 6 November 2026
  • The securities are unquoted and are not intended to be quoted on ASX
  • The issue was made under Listing Rule 7.2 exception 15, not requiring security holder approval
  • Following the issue, total unquoted CGFAA performance rights on issue stand at 10,215,692

Performance Rights Issue to Key Management Personnel

Challenger Limited disclosed the issue of 257,416 performance rights under its employee incentive scheme to key management personnel Nicolas Hamilton, who is also the registered holder of the securities. The performance rights carry the ASX security code CGFAA and were issued on 6 November 2026. According to the filing, the securities rank equally in all respects from their issue date with existing issued securities in that class. The issue was made under an exception in ASX Listing Rule 7.2 and therefore did not require security holder approval under Listing Rule 7.1.

Employee Incentive Scheme Terms and Structure

The filing states that the material terms of the short term incentives being restricted shares and hurdled performance rights, along with a description of the Challenger Performance Plan Trust, are set out in the Remuneration Report contained in the Challenger 2026 Annual Report. The filing notes that while the Remuneration Report discloses certain information about short term incentive and hurdled performance rights awards to key management personnel, the terms are in all material respects consistent for all employee participants in the scheme. The filing also states that the securities are satisfied from ordinary shares of CGF purchased on-market.

Securities on Issue Following the Transaction

Following the issue of the 257,416 performance rights, Challenger Limited's total unquoted CGFAA performance rights on issue stand at 10,215,692, according to figures provided in the filing. The company's quoted securities comprise 672,190,322 fully paid ordinary CGF shares and 3,500,000 capital notes designated as CGFPD, described as Cap Note 3-BBSW+3.60% Perp Non-Cum Red T-05-29. The filing notes that the figures provided for securities on issue are automatically generated and may not reflect the entity's current issued capital if other forms are currently with ASX for processing.