VisionFlex Group Limited (ASX:VFX) has notified the market of the cessation of 100,000 performance rights (code: VFXAR) that lapsed on 22 October 2026 after conditions attached to the rights were not satisfied or became incapable of being satisfied, with the company disclosing the lapse was due to cessation of employment in accordance with its Plan Rules.

Key Points

  • 100,000 VFXAR performance rights lapsed on 22 October 2026 due to conditions not being satisfied or becoming incapable of satisfaction
  • The performance rights lapsed specifically because of cessation of employment under the company's Plan Rules
  • No consideration was paid by the entity for the cessation of the securities
  • The company noted the correct total balance of VFX ordinary fully paid securities is 86,815,954, as per a previously lodged Appendix 2A

Performance Rights Cessation Details

According to the filing lodged on 3 November 2026, VisionFlex Group Limited disclosed the cessation of 100,000 unquoted performance rights carrying the ASX security code VFXAR. The rights lapsed on 22 October 2026 following the cessation of employment of the relevant holder, consistent with the company's Plan Rules. The filing states the lapse occurred because the conditions attached to the rights had not been, or had become incapable of being, satisfied. The company confirmed no consideration was paid in connection with the cessation of these securities.

Issued Capital Following the Cessation

Following the lapse of the 100,000 performance rights, VisionFlex Group's automatically generated issued capital figures show 86,790,398 ordinary fully paid shares on issue (ASX code: VFX). The company noted the correct and updated total balance of VFX ordinary fully paid securities is 86,815,954, as stated in the Appendix 2A lodged prior to this form. The filing also discloses that the automatically generated figures in the issued capital table may not reflect the entity's current issued capital if other forms are currently with ASX for processing.

Remaining Unquoted Equity Securities on Issue

Following the cessation, the filing sets out VisionFlex Group's remaining unquoted equity securities. These include 810,000 service rights (VFXAV), 200,000 options expiring 8 October 2027 at an exercise price of $0.50 (VFXAB), 2,916,665 options expiring 22 May 2027 at an exercise price of $0.50 (VFXAA), 2,392,087 performance rights (VFXAR), and 10,400 options expiring 30 November 2026 at an exercise price of $1.10 (VFXAQ). These figures are as disclosed in the company's Appendix 3H filed with the ASX on 3 November 2026.