Myer cancels over 1.46 million lapsed performance rights

Myer Holdings Limited ( (AU:MYR) ) has provided an update.

Myer Holdings Limited has disclosed the lapse of 1,468,209 performance rights, which ceased on 10 March 2026 after the conditions attached to those rights were not met or became incapable of being satisfied. The cessation of these securities indicates an adjustment to Myer’s issued capital structure and reflects performance or condition hurdles not being achieved under its incentive arrangements, with implications for affected award holders but no direct change to ordinary shareholders’ holdings.

The announcement, lodged as an Appendix 3H notification with the ASX, confirms that these performance rights, classified under the code MYRAK, have been removed from the company’s outstanding securities. This update provides investors with transparency around the operation of Myer’s equity-based incentive plans and ensures the market is informed about changes in the company’s contingent equity obligations.

The most recent analyst rating on (AU:MYR) stock is a Sell with a A$0.28 price target. To see the full list of analyst forecasts on Myer Holdings Limited stock, see the AU:MYR Stock Forecast page.

More about Myer Holdings Limited

Myer Holdings Limited is an Australian department store operator listed on the ASX under the code MYR. The company focuses on retailing a wide range of consumer products through its department store network, serving mainstream shoppers across the country.

YTD Price Performance: -40.0%

Average Trading Volume: 6,662,870

Technical Sentiment Signal: Sell

Current Market Cap: A$492.4M

See more data about MYR stock on TipRanks’ Stock Analysis page.