Novonix Limited issued 5,862,567 unquoted performance rights (NVXAD) to CEO Michael O'Kronley under an employee incentive scheme, increasing the total outstanding performance rights to 35,021,775.
Key takeaways
5,862,567 performance rights issued to CEO Michael O'Kronley under an employee incentive scheme.
Securities are unquoted and not intended to be listed on ASX under code NVXAD.
Issue date was May 5, 2026; securities rank equally with existing issued securities in the class.
Issued under Listing Rule 7.2 exception 13, exempting the requirement for security holder approval.
Total unquoted performance rights on issue increased to 35,021,775 following this transaction.