Heartland Issues 4.9 Million Performance Share Rights Under 2028 Incentive Grant

Heartland Group Holdings Ltd. ( (DE:73X) ) has provided an update.

Heartland Group Holdings has issued 4,875,000 unquoted performance share rights (PSRs) under its Performance Share Rights Plan as part of a 2028 Grant, with each right convertible into one fully paid ordinary share in the company for no cash consideration, provided performance hurdles are met following the release of its full-year 2028 results. The award, authorised by a board resolution dated 15 December 2025, represents the full size of this PSR class and is designed as an equity-based incentive that does not carry voting or dividend rights prior to exercise, reinforcing Heartland’s long-term alignment between management performance and shareholder value without immediate dilution or cash outlay.

More about Heartland Group Holdings Ltd.

Heartland Group Holdings Limited is a New Zealand-based financial services company listed on the NZX and ASX, primarily focused on banking and lending activities. Through its various entities, Heartland offers products such as savings and deposits, business and rural loans, vehicle and asset finance, and reverse mortgages, targeting retail, business, and older customer segments in New Zealand and Australia.

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