NZME Cancels Portion of 2025 Long-Term Incentive Performance Share Rights

NZME ( (NZMEF) ) has provided an announcement.

NZME Limited has cancelled 63,156 unquoted long term performance share rights from its 2025 Total Incentive Plan grant, representing 12.7% of that class of rights, after certain participants were confirmed to be leaving the company before the vesting date and therefore no longer meeting the vesting conditions. Following the lapse and cancellation, authorised by a directors’ resolution dated 23 February 2026, 435,394 performance share rights of this class remain on issue, while earlier grants under the Total Incentive Plan continue as a separate class subject to different vesting conditions.

The cancellation reflects routine administration of NZME’s long-term incentive arrangements rather than a change in overall capital structure, with no cash consideration involved and no impact on ordinary shares directly. The adjustment slightly reduces potential future share dilution from this tranche of performance rights while leaving other performance share rights from previous grants under the Total Incentive Plan unaffected.

More about NZME

NZME Limited is a New Zealand-based media company listed on the NZX under the ticker NZM. It operates across publishing, radio and digital platforms, with a focus on news, entertainment and advertising services for New Zealand audiences and commercial partners.

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