Notice of Annual General Meeting/Proxy Form
Released
Released
Announcement PDF
The 2026 Annual General Meeting of MyState Limited will be held on Tuesday, 20 October 2026
in Ballroom 2 at The Westin Brisbane, 111 Mary Street, Brisbane and online commencing at
10:30 a.m. AEST (local time) / 11:30 a.m. AEDT
NOTICE OF
Annual General Meeting 2026
3
Contents
Board Chair’s Letter 4
Notice of Annual General Meeting 5
Items of Business 5
Explanatory Memorandum 9
Schedule 1 - Online Meeting Guide 14
Schedule 2 - Sample Proxy Form 16
Location of the 2026 Annual General Meeting 18
4
Dear Shareholder,
On behalf of the Board of Directors (Board) of MyState Limited (MyState), I am pleased to invite you to participate
in MyState’s annual general meeting (AGM) to be held in Brisbane on Tuesday, 20 October 2026 commencing at
10:30 a.m. AEST (local time) /11:30 a.m. AEDT.
The Board has determined to hold a hybrid meeting again this year. This means shareholders will be able to attend
the AGM in person in Ballroom 2 at The Westin Brisbane, 111 Mary Street, Brisbane or via an online platform. The online
platform will enable shareholders to ask questions verbally or in writing regarding the business of the AGM and vote on
the resolutions to be considered at the AGM.
Alternatively, shareholders can ask questions prior to the AGM by emailing secretariat@mystatelimited.com.au and vote
prior to the meeting by lodging a proxy online.
In accordance with the Corporations Act 2001 (Cth), hard copies of the Notice of AGM will not be sent to shareholders,
unless they have previously requested that they be provided with a hard copy of the Notice of AGM. Instead, the Notice
of AGM and other related material, including an online meeting guide which provides detailed information on how to
access and use the online platform, can be viewed and downloaded from our AGM website, which can be accessed at
www.edocumentview.com.au/MYS2026.
The Notice of AGM and accompanying documents following this letter should be read in their entirety.
Voting before the AGM
If you would like to vote but you are unable to participate in the AGM, you will need to appoint a proxy to vote on your
behalf. You can appoint a proxy to vote on your behalf online via the abovementioned AGM website.
If you require a hard copy proxy form, please contact our share registry, Computershare, by phone on 1300 538 803
(for calls within Australia) or +61 3 9415 4660 (for overseas calls).
Participating in the AGM
In addition to attending the meeting in person, shareholders are invited to participate in the meeting virtually via the
online platform by entering the following URL into your web browser https://meetnow.global/MYS2026 and clicking
‘Join Meeting Now’.
You will need to enter your shareholder details (including your SRN or HIN and postcode) so that you can be verified as a
shareholder.
Proxy holders will need to contact MyState’s share registry, Computershare, by phone on +61 3 9415 4024 to request their
unique email invitation link prior to the meeting day so that they can participate in the AGM via the online platform. If you
have appointed a proxy to virtually attend and vote at the AGM on your behalf, please ensure that you arrange for them
to obtain their login details prior to the AGM.
Through the online platform, shareholders (and proxy holders) will be able to listen to a live webcast of the AGM,
ask questions regarding the business of the meeting and vote.
A detailed guide on how to participate in the virtual AGM is set out in the Online Meeting Guide contained at Schedule 1
of the Notice of Meeting.
I hope that you will join us at the AGM.
Yours sincerely
Vaughn Richtor
Board Chair
Board Chair’s Letter 18 September 2026
5
Items of Business
ABN 26 133 623 962
Level 2, 137 Harrington Street, Hobart,
Tasmania, 7000
Tel: 138 001 Fax: (03) 6215 9760
Notice of Annual General Meeting
Notice is hereby given that the Annual General Meeting (AGM or Meeting) of the
shareholders of MyState Limited (Company) will be held on Tuesday, 20 October 2026 in
Ballroom 2 at The Westin Brisbane, 111 Mary Street, Brisbane and online commencing at
10:30 a.m. AEST (local time) / 11:30 a.m. AEDT.
Shareholders or their proxy may participate in the AGM in person or via our online platform
available at https://meetnow.global/MYS2026.
Further information on how to participate in the AGM virtually or appoint a proxy is set out
in this Notice of AGM.
1. Financial Statements and Reports (Item 1)
To receive and consider the Financial Report, Directors’
Report and the Auditor’s Report for the year ended
30 June 2026 and provide shareholders with the
opportunity to ask questions.
2. Re-election of Director – Warren Lee (Item 2)
To consider and, if thought fit, pass the following
resolution as an ordinary resolution:
“THAT Warren Lee who retires from the office of Director
in accordance with clause 62 of the Constitution and ASX
Listing Rule 14.4, being eligible and offering himself for
re-election, be re-elected as a Director of the Company.”
3. Re-election of Director – Andrea Waters (Item 3)
To consider and, if thought fit, pass the following
resolution as an ordinary resolution:
“THAT Andrea Waters who retires from the office of
Director in accordance with clause 62 of the Constitution
and ASX Listing Rule 14.4, being eligible and offering
herself for re-election, be re-elected as a Director of
the Company.”
4. Remuneration Report (Item 4)
To consider and, if thought fit, pass the following
non-binding resolution as an ordinary resolution:
“THAT, for the purposes of section 250R(2) of the
Corporations Act and for all other purposes, the
Remuneration Report (which forms part of the Directors’
Report) for the year ended 30 June 2026 be adopted.”
Note: The vote on this resolution is advisory only. If 25% or more of
votes that are cast on this resolution are voted against the adoption
of the Remuneration Report at two (2) consecutive annual general
meetings, shareholders will be required to vote at the second of those
annual general meetings on a resolution (a‘spill resolution’) that another
meeting be held within 90 days at which all of the Company’s Directors
(other than a Managing Director) must be subject to re-election.
Voting Exclusion Statement - Item 4
In accordance with sections 250BD and 250R of the
Corporations Act, no vote may be cast by, and the
Company will disregard any votes cast on this resolution
by or on behalf of a member of the Company’s key
management personnel (KMP), details of whose
remuneration are included in the Remuneration Report,
or a closely related party of any such member, whether
as shareholder or proxy. However, in accordance with the
Corporations Act, a person described above may vote on
Item 4 if:
• the vote is cast by such person as proxy for a person
who is permitted to vote on the resolution, in
accordance with the direction specified on the proxy
form how to vote; or
• the proxy is the Chair of the Meeting (Chair) and the
appointment of the Chair as proxy does not specify the
way the proxy is to vote on the resolution;
• the appointment expressly authorises the Chair to
exercise the proxy even if the resolution is connected
directly or indirectly with the remuneration of a
member of the KMP; and
• the vote is not cast on behalf of a member of the KMP
or a closely related party of a member of the KMP
Shareholders who intend to appoint the Chair as their
proxy (including an appointment by default) should have
regard to the important information below under the
heading“Important information concerning proxy votes
on Items 4, and 5”.
6
Items of Business
5. Approval of the issue of performance rights to
the Company’s Managing Director and Chief
Executive Officer (Item 5)
To consider and, if thought fit, pass the following
resolution as an ordinary resolution:
“THAT, for the purposes of ASX Listing Rule 10.14 and for all
other purposes, the issue by the Company of up to 175,439
unlisted performance rights to the Company’s Managing
Director and Chief Executive Officer (Mr Brett Morgan), as
part of Mr Morgan’s remuneration for the financial year
ended 30 June 2027 on the terms set out in the Explanatory
Memorandum to this Notice of AGM, be approved.”
Voting Exclusion Statement - Item 5
In accordance with the ASX Listing Rules, the Company
will disregard any votes cast in favour of this resolution
by or on behalf of Mr Brett Morgan, who is excluded from
voting, or an associate of Mr Brett Morgan. However, this
does not apply to a vote cast in favour of a resolution by:
• a person as proxy or attorney for a person who is
entitled to vote on the resolution, in accordance with
the directions given to the proxy or attorney to vote on
the resolution in that way; or
• the Chair as proxy or attorney for a person who is
entitled to vote on the resolution, in accordance with a
direction given to the Chair to vote on the resolution as
the Chair decides; or
• a holder acting solely in a nominee, trustee, custodial
or other fiduciary capacity on behalf of a beneficiary
provided the following conditions are met:
- the beneficiary provides written confirmation to
the holder that the beneficiary is not excluded from
voting, and is not an associate of a person excluded
from voting, on the resolution; and
- the holder votes on the resolution in accordance
with directions given by the beneficiary to the holder
to vote in that way.
Further, in accordance with the Corporations Act, a vote
must not be cast on this resolution (and will be taken not
to have been cast if cast contrary to this restriction) by a
member of the KMP, or any closely related party of such
a member, acting as proxy, if their appointment does not
specify the way the proxy is to vote on this resolution.
However, the member or any closely related party of
such a member may vote if they are Chair and the
appointment expressly authorises the Chair to exercise
the proxy even if the resolution is connected directly or
indirectly with the remuneration of a member of the KMP.
Shareholders who intend to appoint the Chair as their
proxy (including an appointment by default) should have
regard to the important information below under the
heading“Important information concerning proxy votes
on Items 4 and 5”.
Explanatory memorandum
Shareholders are referred to the Explanatory
Memorandum accompanying and forming part of this
Notice of AGM.
Entitlement to Vote
It has been determined that for the purposes of the
Meeting, ordinary shares in the Company (Shares)
will be taken to be held by the persons who are the
registered shareholders of the Company at 7.00 p.m.
(AEDT) on Sunday, 18 October 2026. Accordingly, share
transfers registered after that time will be disregarded in
determining entitlements to participate in and vote at
the Meeting.
Resolutions to be determined by Poll
Voting on each item of business at the AGM will be
conducted by poll.
7
Items of Business
Voting by Proxy
Sections 250BB and 250BC of the Corporations Act apply
to voting by proxy. Shareholders and their proxies should
be aware of the requirements under the Corporations
Act, as they will apply to this Meeting. Broadly:
• if proxy holders vote, they must cast all directed
proxies as directed; and,
• any directed proxies which are not voted will
automatically default to the Chair, who must vote
the proxies as directed.
You should seek professional advice if you need any
further information on this issue.
In accordance with section 249L of the Corporations Act,
shareholders are advised of the following:
• A shareholder entitled to attend and vote at the
Meeting has a right to appoint a proxy to attend and
vote instead of the shareholder. A proxy need not be
a shareholder and can be either an individual or
a representative of a body corporate.
• A proxy need not vote on a show of hands, however if
a proxy does vote on a show of hands, the proxy must
vote as directed.
• A shareholder entitled to cast two or more votes at the
Meeting may appoint two proxies and may specify the
proportion or number of votes each proxy is appointed
to exercise. If no proportion or number is specified,
each proxy may exercise half of the shareholder’s votes.
If a shareholder appoints two or more proxies that
specify different ways to vote on a resolution, none of
the proxies may vote on a show of hands.
• If an appointed proxy is not also the Chair, the proxy
need not vote on a poll, however if the proxy does
vote on a poll the proxy must vote as directed by the
shareholder. If a poll is conducted and the proxy holder
does not vote, the proxy appointment defaults to the
Chair to vote as directed. If the appointed proxy is the
Chair, the proxy must vote on a poll in the manner
directed by the shareholder.
• Unless otherwise directed, the Chair intends to vote all
proxies in favour of each resolution to be considered at
the Meeting.
Important information concerning proxy votes for
Items 4 and 5
The Corporations Act places certain restrictions on the
ability of key management personnel and their closely
related parties to vote on the advisory resolution to adopt
the Company’s remuneration report and resolutions
connected directly or indirectly with the remuneration
of the Company’s key management personnel.
Key management personnel of the Company are the
Directors of the Company and those other persons
having authority and responsibility for planning, directing
and controlling the activities of the Company, directly
or indirectly. Members of key management personnel
include Directors (both Executive and Non-Executive)
and certain senior Executives. The Remuneration Report
identifies the Company’s key management personnel
for the financial year ended 30 June 2026. Their closely
related parties are defined in the Corporations Act, and
include certain members of their family, dependants and
companies they control.
For these reasons, shareholders who intend to vote by
proxy should carefully consider the identity of their proxy
and are encouraged to direct their proxy as to how to
vote on all resolutions. In particular, shareholders who
intend to appoint the Chair as their proxy (including an
appointment by default) are encouraged to direct the
Chair as to how to vote on all resolutions.
If you do appoint the Chair as your proxy but you do not
direct the Chair how to vote in respect of any or all of
Items 4 and 5 the Chair will vote your undirected proxy
in favour of each item. The appointment of the Chair as
your proxy with any undirected voting instruction will be
deemed to constitute an express authorisation by you
directing the Chair to vote your proxy in favour of each of
Items 4 and 5. This express authorisation acknowledges
that the Chair will vote your proxy in favour of Items 4
and 5 even if he or she has an interest in the outcome
of any of the resolutions and even if the items are
connected directly or indirectly with remuneration of
a member of the key management personnel of the
Company and accordingly your votes will be counted in
calculating the required majority if a poll is called.
8
Items of Business
Lodging a Proxy
All proxies must be received at least 48 hours before
the appointed time of the Meeting.
A sample Proxy Form is included at Schedule 2 for
illustrative purposes, however, to appoint a proxy
shareholders may:
Lodge
Online
by visiting
www.edocumentview.com.au/MYS2026
Lodge a
paper proxy
Please contact Computershare by phone
to receive a personalised proxy form on
1300 538 803 (or +61 3 9415 4660 for
overseas callers) and following completion
lodge by:
Post Computershare Investor Services
Pty Limited
GPO Box 242
Melbourne VIC 3001
Hand Computershare Investor Services
Pty Limited
452 Johnston Street
Abbotsford VIC 3067
Fax (within Australia) 1800 783 447
(outside Australia) +61 3 9473 2555
Custodian
voting
For Intermediary Online subscribers
only (custodians) please visit
www.intermediaryonline.com
to submit your voting intentions.
Voting By Attorney
A shareholder may appoint an attorney to vote on
their behalf. For an appointment to be effective for the
Meeting, the instrument effecting the appointment (or
a certified copy of it) must be received by the Company
at its registered office or at the Company’s corporate
registry listed above, at least 48 hours before the Meeting.
Corporate Representatives
A body corporate which is a shareholder, or which has
been appointed as a proxy, may appoint an individual to
act as its representative at the Meeting. The appointment
must comply with the requirements of section 250D of
the Corporations Act. The representative should bring to
the Meeting evidence of their appointment, including
any authority under which it is signed, unless it has
previously been given to the Company.
Scrutineer
The Company’s external auditor, Ernst & Young will act
as scrutineer for any polls that may be required at the
Meeting.
Questions from Shareholders
Shareholders who are unable to participate in the
Meeting or who may prefer to submit questions in
advance of the Meeting are invited to do so. The deadline
for receipt of questions is 5:00 p.m. (Hobart time) on
Tuesday, 6 October 2026. During the Meeting the Chair
will endeavour to address the themes most frequently
raised prior to the Meeting. Please note that individual
responses will not be sent to shareholders.
Questions may be submitted as follows:
By post
The Company Secretary
MyState Limited
Level 2, 137 Harrington Street
Hobart Tasmania 7000
By email secretariat@mystatelimited.com.au
An opportunity will be provided to ask questions in real
time during the AGM via the online platform. Details on
how to ask questions are provided in the Online Meeting
Guide contained at Schedule 1 of this Notice of Meeting.
By Order of the Board
S Lukianenko
Company Secretary
18 September 2026
9
Introduction
This Explanatory Memorandum forms part of the Notice
of AGM and has been prepared to provide shareholders
with sufficient information to consider the resolutions
to be put to the AGM of the Company which will be
held as a hybrid meeting on Tuesday, 20 October 2026
commencing at 10:30 a.m. AEST / 11:30 a.m. AEDT.
The Directors of the Company (Directors) recommend
that shareholders read this Explanatory Memorandum
carefully before making any decision in relation to the
resolutions to be considered at the AGM.
Financial Statements and
Reports (Item 1)
As required by section 317 of the Corporations Act,
the Financial Statements, Directors’Report and Auditor’s
Report of the Company for the financial year ended
30 June 2026 will be presented to the meeting.
No vote of the shareholders is required on this item, and
a resolution will not be put to the Meeting.
Shareholders will be provided with the opportunity to
ask questions or raise comments about the financial
statements and reports or on the management of the
Company via the online platform. Also, an opportunity
will be given to shareholders to ask the Company’s
external auditor questions relevant to the conduct of
the audit, the preparation and content of the auditor’s
report, the accounting policies adopted by the Company
in relation to the preparation of the financial statements
for the year ended 30 June 2026 and the independence
of the auditor in relation to the conduct of the audit of
those financial statements.
Re-election of Directors (Items 2 & 3)
Pursuant to ASX Listing Rule 14.4 and clause 62 of
the Company’s constitution, Non-Executive Directors
Warren Lee and Andrea Waters will retire at the AGM and
being eligible, offer themselves for re-election. Directors
Lee and Waters were each last elected in 2023.
The Board considers each of Directors Lee and Waters
to be independent.
To be successfully elected, Directors Lee and Waters must
each separately receive more votes‘For’than‘Against’.
To support the orderly succession of the Board:
• Director Lee intends to serve for three years and
will retire at the conclusion of the 2029 AGM; and
• Director Waters intends to serve for two years and
will retire at the conclusion of the 2028 AGM.
The experience, qualifications and other information
about Directors Lee and Waters are as follows.
Candidate Details
Warren Lee
Independent Non-Executive Director
BCom, CA
Director of MyState Bank Ltd,
Chair of TPT Wealth Ltd
Member of Group Risk Committee,
Group Audit Committee
Warren was appointed as a Non-Executive Director in
October 2017 and appointed Chairman of TPT Wealth
Limited on 17 August 2023. He has extensive experience
in the international financial services industry, including
15 years at AXA in senior management positions within
the company’s Australian and Asian businesses.
Warren was previously the Chief Executive Officer of the
Victorian Funds Management Corporation and Chief
Executive Officer, Australia and New Zealand for AXA Asia
Pacific Holdings Limited. He has previously served as a
Director of Avenue Bank Limited and Tower Limited.
Warren is currently a Non-Executive Director of MetLife
Insurance Limited and Solterra Agriculture Pty Ltd. He is
the Chair of both Rest Agriculture Pty Ltd and Warakirri
Asset Management Limited.
Andrea Waters
Independent Non-Executive Director
BCom, FCA, GAICD
Director of MyState Bank Ltd,
Director of TPT Wealth Ltd
Chair of Group Audit Committee,
Member of Group Risk Committee
Andrea was appointed as a Non-Executive Director in
October 2017. She is an experienced Non-Executive
Director, auditor and accountant with over 40 years’
experience in financial services. She is a Fellow of
Chartered Accountants Australia & New Zealand,
and both a member and accredited facilitator of the
Australian Institute of Company Directors. She is a former
partner with KPMG, specialising in financial services audit.
Andrea is the Chair of the Colonial Foundation and a
Director of Helia Group Limited (ASX:HLI). Prior, she was
previously the Chair of Grant Thornton Australia Ltd and
a Director of The Lord Mayor’s Charitable Foundation,
Chartered Accountants Australia & New Zealand,
Bennelong Funds Management Group, Cancer Council
Victoria, CareSuper, Citywide Service Solutions Pty Ltd
and Cash Converters International Limited (ASX:CCV).
Explanatory Memorandum
10
Remuneration Report (Item 4)
Shareholders are asked to approve the adoption of the
Company’s Remuneration Report. The Remuneration
Report is included in the Directors Report contained
in the Company’s 2026 Annual Report which is also
available on the Company’s website at
www.mystatelimited.com.au.
The Remuneration Report sets out the remuneration
arrangements of the Managing Director and Chief
Executive Officer (MD & CEO) and specified senior
Executives of the Company.
The Corporations Act requires the agenda for an AGM
to include a resolution that the Remuneration Report
be put to the vote of shareholders.
An opportunity for discussion of, and comment on,
the Remuneration Report will be provided by the Chair
at the AGM.
Resolution Recommendation
It is noted that each Director has a personal interest in his
or her own remuneration from the Company as set out
in the Remuneration Report. Notwithstanding this, the
Board unanimously recommends that shareholders vote
in favour of Item 4.
Approval of the issue of performance
rights to the Company’s Managing
Director and Chief Executive Officer
(Item 5)
The Company seeks approval from its shareholders
(Shareholders), for the purposes of ASX Listing Rule
10.14 and for all other purposes, for the issue of up to
175,439 performance rights (being an unlisted right to
acquire one Share subject to the satisfaction of certain
conditions) (Performance Right) to the Company’s
Managing Director and Chief Executive Officer,
Mr Morgan, under the Company’s Executive Long
Term Incentive Plan (Plan) as part of his remuneration
for the financial year ended 30 June 2027. As a Director,
Mr Morgan is categorised as an ASX Listing Rule 10.14.1
related party.
The number of Performance Rights to be issued to
Mr Morgan was determined by dividing $800,000 (being
100% of Mr Morgan’s total fixed remuneration for FY27)
by $4.56 being the volume weighted average price of the
MyState Limited shares over the 20 trading days on ASX
to 30 June 2026.
A summary of the principal terms of the Performance
Rights to be granted to Mr Morgan is set out below.
Background
At the 2023 AGM, approval was obtained from the
Company’s shareholders for the issue to Mr Morgan
up to 162,540 Performance Rights as part of his
remuneration for the financial year ended 30 June 2024
for no consideration and at nil exercise price in
accordance with the Plan.
The 162,540 Performance Rights approved at the 2023
AGM were issued to Mr Morgan on 31 October 2023
on the terms as approved.
At the 2024 AGM approval was obtained from the
Company’s shareholders for the issue to Mr Morgan
up to 136,170 Performance Rights as part of his
remuneration for the financial year ended 30 June 2025
for no consideration and at nil exercise price in
accordance with the Plan.
The 136,170 Performance Rights approved at the 2024
AGM were issued to Mr Morgan on 30 October 2024
on the terms as approved.
At the 2025 AGM approval was obtained from the
Company’s shareholders for the issue to Mr Morgan
up to 168,075 Performance Rights as part of his
remuneration for the financial year ended 30 June 2026
for no consideration and at nil exercise price in
accordance with the Plan.
The 168,075 Performance Rights approved at the 2025
AGM were issued to Mr Morgan on 22 October 2025
on the terms as approved.
Mr Morgan has again been invited by the Board, and is
entitled, to participate in the Plan and to be issued with
Performance Rights as part of his long term incentive
if approved by shareholders at this AGM.
The Board has set Mr Morgan’s remuneration package
for FY27 to include the grant of Performance Rights
under the Plan contingent upon the achievement of
performance goals aligned with the continued growth
of the MyState business and creation of Shareholder
value. The Board has also reviewed the overall alignment
of Mr Morgan’s and other key Executives’long term
incentives. The Board aims to consistently align the
remuneration of all Executives participating in the
Company’s long term incentive arrangements with
similar terms and performance measures which are
reviewed annually.
The Company’s Remuneration Policy is also available at
www.mystatelimited.com.au.
Explanatory Memorandum
11
Requirements under the ASX Listing Rules
ASX Listing Rule 10.14 provides that a company may not
issue securities to a Director under an employee incentive
scheme without the approval of holders of ordinary
shares. If Shareholder approval is obtained under ASX
Listing Rule 10.14, the issue of the Performance Rights
to Mr Morgan will not count towards the Company’s
capacity to issue equity securities under ASX Listing Rule
7.1. Accordingly, Shareholder approval is sought for the
issue of up to 175,439 Performance Rights as part of
Mr Morgan’s FY27 remuneration under the Plan.
In accordance with the requirements of ASX Listing Rule
10.15, the following information is provided in respect
of the proposed issue of the FY27 Performance Rights
to Mr Morgan.
Name of the person receiving the securities and the category
in ASX Listing Rules 10.14.1 – 10.14.3 the person falls within
and why
The FY27 Performance Rights the subject of this Item 5
will be issued to Mr Morgan, who is a Director.
The number and class of securities proposed to be issued
to Mr Morgan under the Plan for which approval is being
sought under ASX Listing Rule 10.14
The maximum number of Performance Rights to be
issued to Mr Morgan pursuant to this Item 5 is 175,439
(which on vesting will entitle Mr Morgan to be issued a
maximum of 175,439 Shares).
Details of Mr Morgan’s current total remuneration package
Mr Morgan’s current remuneration package for FY27
comprises $800,000 as total fixed remuneration
(inclusive of superannuation) and up to $720,000 as the
maximum amount he can earn as variable, short term
incentive remuneration. Mr Morgan is also entitled to
the Performance Rights which are the subject of this
Item 5. Shareholders are referred to the Company’s
current Remuneration Report for further details of
Mr Morgan’s remuneration.
The date or dates on or by which the Company will issue the
Performance Rights to Mr Morgan
If Shareholder approval is obtained for the issue of the
Performance Rights the subject of this Item 5, the FY27
Performance Rights will be granted to Mr Morgan within
3 years of Shareholder approval being obtained.
The number of securities that have previously been issued to
Mr Morgan under the Plan and the average acquisition price
(if any) paid by Mr Morgan for those securities
Since Mr Morgan’s employment commenced with the
Company in January 2022 the Company has issued the
following Performance Rights:
• 146,119 Performance Rights were issued to Mr Morgan
on the terms as approved at the 2022 AGM,
• 162,540 Performance Rights were issued to Mr Morgan
on the terms as approved at the 2023 AGM,
• 136,170 Performance Rights were issued to Mr Morgan
on the terms as approved at the 2024 AGM, and
• 168,075 Performance Rights were issued to Mr Morgan
on the terms as approved at the 2025 AGM.
Mr Morgan did not pay any acquisition price to acquire
these Performance Rights.
The Company has not issued any Shares to Mr Morgan
under the Plan.
Details required where the securities to be issued are not fully
paid ordinary securities
A summary of the material terms upon which the
Performance Rights will be issued is set out below under
the headings‘Summary of the terms which apply to the
issue of FY27 Performance Rights to be issued to
Mr Morgan’.
The price at which the Company will issue the FY27
Performance Rights to Mr Morgan under the Plan
No consideration will be payable by Mr Morgan to
acquire the Performance Rights or to acquire Shares on
vesting and exercise of the FY27 Performance Rights.
A summary of the material terms of any loan that will be
made to Mr Morgan in connection with the issue of
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