Praemium Limited (ASX:PPS) has notified ASX of the issue of 2,224,576 unquoted performance rights under its employee incentive scheme, with the securities issued on 29 October 2026 and classified under ASX security code PPSAO.

Key Points

  • 2,224,576 performance rights (PPSAO) were issued on 29 October 2026 under Praemium's employee incentive scheme.
  • Key management personnel Denis Orrock and Emma Stepcic received 377,907 and 348,837 performance rights respectively.
  • Each performance right entitles the holder to one fully paid ordinary share in Praemium Limited, subject to vesting conditions.
  • Following the issue, total unquoted PPSAO performance rights on issue stand at 7,936,719, with 487,472,439 ordinary shares quoted on ASX.

Performance Rights Issued Under Employee Incentive Scheme

Praemium Limited disclosed the issue of 2,224,576 performance rights under the PPSAO security class on 29 October 2026. The securities were issued under an employee incentive scheme and are subject to a restriction on transfer, meaning they will not be quoted on ASX until that restriction ends. The issue was made pursuant to Listing Rule 7.2 exception 13, meaning no security holder approval was required under Listing Rule 7.1. The performance rights rank equally in all respects from their issue date with existing securities in the same class, according to the filing.

Key Management Personnel Allocations

The filing disclosed that two key management personnel received performance rights as part of the issue. Denis Orrock was issued 377,907 performance rights, registered in his own name. Emma Stepcic received 348,837 performance rights, also registered in her own name. The filing confirmed that each performance right represents a right to receive one fully paid ordinary share in Praemium Limited, subject to the achievement of vesting conditions. The terms of the employee incentive scheme are governed by the Praemium Directors and Employee Benefits Plan Rules dated November 2023.

Securities on Issue Following the Transaction

Following the issue of the performance rights, Praemium's total quoted ordinary shares on ASX stand at 487,472,439 under the PPS security code. In the unquoted securities category, the total number of PPSAO performance rights on issue is 7,936,719. The company also has 6,500,000 unquoted options on issue under the PPSAA code, described as options expiring on various dates at various exercise prices. The filing was lodged with ASX on 4 November 2026 as a new announcement under Appendix 3G, which covers notifications of the issue of unquoted equity securities.