Cuscal Limited Director Craig Kennedy Receives FY27 LTI Grant of 254,978 Performance Rights

Shwetambri Chauhan

03 November 2026 08:45 PM AEDT

Cuscal Limited Director Craig Kennedy Receives FY27 LTI Grant of 254,978 Performance Rights

Image Source: Krish Capital Pty Ltd

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Cuscal Limited (ASX:CCL) has disclosed that director Craig Nicholas Kennedy was granted 254,978 performance rights under the company's Long Term Incentive Plan on 29 October 2026, bringing his total performance rights holding to 1,027,440.

Key Points

Craig Nicholas Kennedy received a FY27 LTI grant of 254,978 performance rights on 29 October 2026
The grant was made under the Cuscal Limited Long Term Incentive Plan (LTI) at nil consideration
Kennedy's total performance rights holding after the change is 1,027,440, comprising four separate grants
His holding of 20,346 CCL ordinary shares was unchanged by the transaction
The interests were not traded during a closed period

FY27 LTI Performance Rights Grant Details

According to the filing lodged with the ASX, Craig Nicholas Kennedy was granted 254,978 performance rights as part of the FY27 Long Term Incentive grant. The nature of the change was recorded as a grant of performance rights under the Cuscal Limited Long Term Incentive Plan. No consideration was paid for the securities, with the filing recording a value of nil. No securities were disposed of as part of the transaction. The interest held is classified as a direct interest, with no indirect interest disclosed.

Director's Updated Performance Rights Holdings

Following the 29 October 2026 grant, Kennedy's total performance rights holding stands at 1,027,440. These consist of four separate components: an FY25 LTI grant of 207,189 performance rights; a one-off Retention Grant of 235,442 share rights; an FY26 LTI grant of 329,831 performance rights; and the newly issued FY27 LTI grant of 254,978 performance rights. Prior to the change, Kennedy held 772,462 performance rights across the first three of these grants. His holding of 20,346 CCL ordinary shares remained unchanged at both before and after the transaction.

Closed Period and Contract Interest Disclosures

The filing states that the interests in securities detailed in the notice were not traded during a closed period where prior written clearance was required. The filing records no changes to the director's interests in contracts, with all fields under Part 2 of the notice recorded as not applicable. The date of the previous director's interest notice for Kennedy was recorded as 14 May 2026. The filing was submitted by Cuscal Limited, which holds ABN 95 087 822 455, in accordance with listing rule 3.19A.2 and section 205G of the Corporations Act.

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