Evion Group Vests 12,610,000 Performance Rights Tied to Maniry Graphite Milestones

Sonal Goyal

06 November 2026 05:26 PM AEDT

Evion Group Vests 12,610,000 Performance Rights Tied to Maniry Graphite Milestones

Image Source: Krish Capital Pty Ltd

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Evion Group NL (ASX:EVG) has confirmed the vesting of a combined 12,610,000 Performance Rights under its employee incentive securities plan, following the satisfaction of two separate vesting conditions linked to the company's Maniry Graphite project in filings dated 6 November 2026.

Key Points

6,000,000 Performance Rights approved at the 2023 AGM have vested, triggered by a binding supply agreement for Maniry graphite concentrate announced on 25 August 2026.
6,610,000 Performance Rights approved at the 2024 AGM have vested, triggered by the grant of mining permits for the Maniry Graphite project announced on 21 July 2026.
Directors David Round and Heather Zampatti are among holders of the 2023 AGM-approved rights; directors David Round, Heather Zampatti and Craig Lennon are among holders of the 2024 AGM-approved rights.
The 2023 AGM rights may be converted into fully paid ordinary shares prior to 5pm AWST on 22 November 2026, and the 2024 AGM rights prior to 5pm AWST on 22 November 2027.

Vesting of 2023 AGM Performance Rights

Evion Group confirmed that 6,000,000 Performance Rights, issued under the company's employee incentive securities plan and approved at the 2023 Annual General Meeting held on 23 November 2023, have now vested. The vesting condition was satisfied upon the execution of a binding supply agreement for Maniry graphite concentrate, as announced by the company on 25 August 2026. Holders of these rights, which include directors David Round and Heather Zampatti, may elect to convert them into fully paid ordinary shares at any time prior to 5pm AWST on 22 November 2026.

Vesting of 2024 AGM Performance Rights

A further 6,610,000 Performance Rights, issued under the same employee incentive securities plan and approved at the 2024 Annual General Meeting held on 22 November 2024, have also vested. The vesting condition for this tranche was met upon the grant of mining permits for the Maniry Graphite project, as announced on 21 July 2026. Holders eligible to convert these rights into fully paid ordinary shares include directors David Round, Heather Zampatti and Craig Lennon, with conversion available at any time prior to 5pm AWST on 22 November 2027.

Quotation of Shares on Conversion

According to the filing, Evion Group confirmed it will apply for quotation of any shares issued upon conversion of these Performance Rights by the holders. The rights under both tranches were issued pursuant to the company's employee incentive securities plan. The filing states the announcement was authorised by the Board of Evion Group NL. No further details regarding the number of rights expected to be converted or the timing of any conversion were disclosed in the filing.

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