Metcash Limited Cancels 9,470 Performance Rights Tied to Former Executive

Aditi Sarkar

13 November 2026 02:50 PM AEDT

Metcash Limited Cancels 9,470 Performance Rights Tied to Former Executive

Image Source: Krish Capital Pty Ltd

You are reading a free article with opinions that may differ from the recommendation given by Kalkine in its paid research reports. Become a Kalkine member today to get access to our research reports, in-depth technical and fundamental research. Learn more

Start Your Free Trial Now!

Metcash Limited (ASX:MTS) has notified the ASX of the cessation of 9,470 performance rights designated under security code MTSAK, following the lapse of conditions attached to securities granted to a former executive as long-term incentives, with the cessation effective 6 November 2026.

Key Points

9,470 MTSAK performance rights ceased on 6 November 2026 due to conditions not being met or becoming incapable of being satisfied
The lapsed rights were granted to a former executive as long-term incentives
No consideration is being paid by Metcash for the cessation of the securities
Following the cessation, 11,528,149 unquoted MTSAK performance rights remain on issue
Metcash's total quoted ordinary fully paid shares on issue stand at 1,099,726,157

Cessation of MTSAK Performance Rights

According to the filing lodged on 13 November 2026, the 9,470 performance rights that have ceased are classified as unquoted equity securities under the ASX security code MTSAK. The cessation occurred because the conditions attached to the rights have not been satisfied, or have become incapable of being satisfied. Metcash confirmed it is not paying any consideration in connection with the cessation of these securities. The filing describes the event as a partial lapse of performance rights originally granted to a former executive.

Former Executive Long-Term Incentive Grant

The filing states that the lapsed performance rights formed part of long-term incentive arrangements granted to a former executive of Metcash Limited. The cessation is described as a partial lapse, indicating that only a portion of the performance rights associated with that grant have ceased. The filing does not disclose the identity of the former executive, the total number of performance rights originally granted to that individual, or any further details regarding the terms of the long-term incentive arrangement under which these securities were originally issued.

Issued Capital Position Following Cessation

Following the cessation of the 9,470 performance rights, Metcash's issued capital comprises 1,099,726,157 ordinary fully paid shares quoted on the ASX under the code MTS, and 11,528,149 unquoted performance rights remaining on issue under the code MTSAK. The filing notes that these figures are automatically generated and may not reflect the entity's current issued capital if other forms are currently with ASX for processing. The filing was submitted as a new announcement and covers changes processed as at 13 November 2026.

Download Free Report – Explore 3 Stock Ideas & Industry Insights

Unlock 3 stock ideas and key industry insights in our free report. This information is general in nature and does not consider your personal objectives, financial situation, or needs. It is not financial advice.

All investments involve risk—consider independent advice before making any investment decisions.

View 3 Research Reports

Disclaimer:

This article (“Article”) has been prepared by Kalkine Pty Limited (ABN 34 154 808 312) (Australian financial services licence number 425376) (“Kalkine”) and its related bodies corporate who are authorised to provide general financial product advice. Kalkine.com.au and its associated pages are published by Kalkine.

Any information/advice provided in this article is general in nature and does not take into account your objectives, financial situation or needs. You should therefore consider whether the information is appropriate for your objectives, financial situation and needs before acting upon it.

There may be a Product Disclosure Statement, Information Memorandum or other offer document (“Offer Document”) for the securities or other financial products referred to in Kalkine articles. You should obtain a copy of the Offer Document and consider it before making any decision about whether to acquire the security or financial product.

Kalkine strongly recommends that you seek advice from a financial adviser, stockbroker or other professional (including taxation and legal advice) before acting on any advice/information in this Article or on the Kalkine website. Not all investments are appropriate for all people.

The information in this Article and on Kalkine website has been prepared from a wide variety of sources, which Kalkine, to the best of its knowledge and belief, considers accurate. Kalkine has made every effort to ensure the reliability of the information contained in its articles (including this Article), newsletters and websites. All information represents our views at the date of publication and may change without notice.

The information in this Article does not constitute an offer to sell securities or other financial products or a solicitation of an offer to buy securities or other financial products.

Kalkine does not issue, sell or deal in any financial products.

This Article may contain information on past performance of particular investments. Please note past performance is neither an indicator nor a guarantee of future performance.

To the extent permitted by law, and excluding any dishonesty or gross negligence by Kalkine, Kalkine disclaims and excludes all liability for any direct, indirect, implied, punitive, special, incidental or other consequential loss or damage arising from the use of or reliance on this Article, the Kalkine website and any information published on the Kalkine website without any warranties or representations by Kalkine to you. To the extent the law prohibits or limits this exclusion, Kalkine limits its liability to the resupply of services.

Please also read our Terms & Conditions and Financial Services Guide for further information.

Employees and/or associates of Kalkine and its related entities may hold interests in the securities or other financial products covered in this Article or on the Kalkine website. Any such employees and associates are required to comply with certain safeguards, procedures and disclosures as required by law.

Some of the images/music that may be used in the Article are copyright to their respective owner(s). Kalkine does not claim ownership of any of the pictures displayed/music used in the Article unless stated otherwise. The images/music that may be used in the Article are taken from various sources on the internet, including paid subscriptions or are believed to be in public domain. We have used reasonable efforts to accredit the source wherever it was indicated or was found to be necessary.

Kalkine Media Pty Ltd, an affiliate of Kalkine Pty Ltd, may have received, or be entitled to receive, financial consideration in connection with providing information about certain entity(s) covered on its website.