Mercury NZ Limited
has granted 382,295 unquoted Performance Share Rights (PSRs) to senior executives as part of its FY27–FY29 Long Term Incentive Plan, as detailed in a Capital Change Notice filed on 17 September 2026.
Key Highlights
- 382,295 unquoted Performance Share Rights issued on 16 September 2026 under the FY27–FY29 Long Term Incentive Plan
- PSRs issued at no cost with an exercise price set at $0
- Conversion contingent on meeting performance targets over an initial three-year period
- Each vested PSR converts into one fully paid ordinary share in Mercury NZ Limited, with equal ranking to all other ordinary shares
Details of FY27–FY29 Long Term Incentive Plan Issuance
On 16 September 2026, Mercury NZ Limited issued 382,295 PSRs pursuant to Directors' resolutions dated 17 August 2026, in accordance with Listing Rule 4.6.1. These unquoted PSRs were granted at nil consideration, with no issue price payable. Denominated in New Zealand dollars, the PSRs carry a fixed exercise price of $0. The FY27–FY29 Long Term Incentive PSRs constitute 100% of the financial products in this class, with none held as treasury stock. Following this issuance, the total number of PSRs in this clas...