ESOPMay 27, 2026, 06:07 AM
NOVONIX: 2.93M Performance Rights Cease Due to Unmet Conditions
AI Summary
NOVONIX Limited announced the cessation of 2,932,881 performance rights (ASX code NVXAD) on May 27, 2026. These rights lapsed because the conditions for their vesting were not met or became incapable of being satisfied. The company did not pay any consideration for this cessation, resulting in a revised total of 27,401,382 unquoted performance rights remaining on issue.
Key Highlights
- NOVONIX announced the cessation of 2,932,881 performance rights.
- The ceased securities are identified by ASX code NVXAD (Performance Rights).
- Cessation occurred on May 27, 2026.
- The reason for cessation is the lapse of conditional rights due to unfulfilled conditions.
- No consideration was paid by the company for the cessation.
- Following this, 27,401,382 unquoted performance rights (NVXAD) remain on issue.
Price Impact
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