Sprintex Limited (ASX:SIX) has notified the exchange of the issue of 89,000,000 unquoted performance rights across four new security classes — Class I, J, K and L — issued on 6 November 2026 under the company's employee incentive scheme, with all classes issued to key management personnel.

Key Points

  • 89,000,000 unquoted performance rights issued on 6 November 2026 across four new classes: Class I (24,000,000), Class J (50,000,000), Class K (5,000,000), and Class L (10,000,000).
  • Class I and Class K performance rights expire 31 October 2027; Class J and Class L performance rights expire 31 October 2028.
  • All four classes were issued to key management personnel, including Steven Apedaile, Jude Upton, and Li Chen.
  • The securities are not intended to be quoted on ASX and do not yet have assigned ASX security codes.

Performance Rights Issue Details by Class

Sprintex Limited disclosed the issue of four new classes of unquoted performance rights on 6 November 2026. Class I comprises 24,000,000 performance rights expiring 31 October 2027, while Class J comprises 50,000,000 performance rights expiring 31 October 2028. Class K consists of 5,000,000 performance rights expiring 31 October 2027, and Class L consists of 10,000,000 performance rights expiring 31 October 2028. All securities were issued under the company's employee incentive scheme and are not intended to be quoted on the ASX. Each class is pending assignment of an ASX security code.

Key Management Personnel Allocations

All four classes of performance rights were issued to key management personnel. For Class I, Steven Apedaile received 8,000,000 rights via the Apedaile Family Account, Jude Upton received 8,000,000 via Top Fuel Promotions Pty Ltd, and Li Chen received 8,000,000 via Lidx Technology Limited. For Class J, Steven Apedaile received 15,000,000, Jude Upton received 15,000,000, and Li Chen received 20,000,000. Class K — comprising 5,000,000 rights — was issued solely to Steven Apedaile, as was Class L, which comprised 10,000,000 rights, also allocated entirely to Steven Apedaile.

Employee Incentive Scheme and Security Classification

According to the filing, the performance rights across all four classes were issued under an employee incentive scheme. The filing states that all securities issued within each class rank equally in all respects from their issue date. The securities are classified as unquoted and are not intended to be listed on the ASX. Sprintex Limited filed the notification on 11 November 2026 as a new announcement. The company referenced a previously lodged document with the exchange setting out the material terms of the securities and the terms of the employee incentive scheme.