17,544,195 restricted stock units (BRNAM) have expired because the conditions attached to them were not met or can no longer be met (e.g., achievement of performance targets or continued employment with the company).
No compensation or other consideration was paid for the cancellation. It is normal practice for conditional grants in an incentive program to expire.
The share capital is reduced by this number of securities, as they can no longer be converted into shares.
For existing shareholders, the expiry of these commitments potentially means less dilution in the future, as these RSUs can no longer be converted into regular shares.
Furthermore, a total of 5,737,074 new ordinary fully paid shares were issued as a result of the exercise or conversion of certain types of unlisted securities.
What was issued?
375,000 shares were created through the exercise of so-called “performance rights” (BRNAJ).
5,362,074 shares were converted into regular shares through the exercise and conversion of restricted stock units (BRNAM), i.e., conditionally granted share rights, e.g., from employee participation programs.
The new shares were issued in two tranches: on July 23, 2025, and August 1, 2025. These shares are now fully paid up and listed on the ASX.
Following the measure, a total of 2,035,741,735 common shares remain available, as well as various outstanding programs such as additional performance rights, options, and restricted stock units.