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NZME ( (NZMEF) ) has provided an update.
NZME Limited has cancelled 182,985 unquoted long-term performance share rights (LTI PSRs) from its 2024 Total Incentive Plan grant, representing 18.3% of that class of rights. The lapse and cancellation were authorised by a directors’ resolution dated 3 January 2026, triggered because certain plan participants will cease employment before the vesting date and therefore will not meet the vesting conditions; following the cancellation, 814,185 rights of this class remain on issue, reflecting routine adjustment of the company’s equity-based remuneration rather than a change to its core capital structure.
More about NZME
NZME Limited is a New Zealand-based media company listed on the NZX under the ticker NZM, operating across print, radio, and digital platforms. The company’s activities include publishing, broadcasting and online media services aimed at New Zealand audiences and advertisers.
See more insights into NZMEF stock on TipRanks’ Stock Analysis page.