Metcash Limited (ASX:MTS) has disclosed the cessation of 10,788 unquoted performance rights under security code MTSAK, following the lapse of conditional rights granted to a former executive as long-term incentives, according to an Appendix 3H filing lodged on 13 November 2026.

Key Points

  • 10,788 MTSAK performance rights ceased on 16 October 2026 due to conditions not being, or having become incapable of being, satisfied
  • The performance rights were granted to a former executive as long-term incentives
  • No consideration was paid by the entity for the cessation
  • Following the cessation, 11,526,831 MTSAK performance rights remain on issue
  • Metcash's quoted ordinary fully paid shares on issue total 1,099,726,157

Cessation of MTSAK Performance Rights

Metcash Limited disclosed the cessation of 10,788 unquoted performance rights, designated under ASX security code MTSAK, with an effective cessation date of 16 October 2026. According to the filing, the reason for cessation was the lapse of conditional rights to securities because the conditions have not been, or have become incapable of being, satisfied. The company confirmed that no consideration was paid in connection with the cessation of these securities. The notification was lodged with ASX on 13 November 2026 as a new announcement under Appendix 3H requirements.

Former Executive Long-Term Incentive Grant

The filing states that the lapsed performance rights were originally granted to a former executive as long-term incentives. The securities were unquoted equity securities and formed part of Metcash's long-term incentive arrangements. The company did not disclose any additional information regarding the identity of the former executive or the specific terms or conditions that were attached to the performance rights at the time of their original grant. No further details regarding the incentive plan were provided in the filing.

Issued Capital Following the Cessation

Following the cessation of the 10,788 performance rights, the filing states that Metcash's remaining unquoted MTSAK performance rights on issue total 11,526,831. The company's quoted ordinary fully paid shares on issue stand at 1,099,726,157 under ASX security code MTS. The filing notes that the figures provided in the issued capital table are automatically generated and may not reflect the entity's current issued capital if other Appendix 2A, Appendix 3G or Appendix 3H forms are currently with ASX for processing.