What did KMD Brands Limited announce?
KMD Brands Limited (NZX: KMD) filed “Lapse of Performance Rights” with NZX on 21 September 2026, as an NZX announcement.
From the announcement:“KMD Brands Limited (KMD) today announces the lapse of 33,919,811 performance rights as set out in this notice. The Board has approved a reduction in the number of Performance Rights on issue to neutralise the impact of capital restructuring events that occurred during FY26, to preserve the original design intent of the awards, and maintain their economic and proportionate value.”
- Which company?
- KMD Brands Limited (NZX: KMD)
- When was it filed?
- 21 September 2026
- Where is the original?
- NZX announcement
Lapse of Performance Rights
KMD BRANDS LIMITED W kmdbrands.com
KMD BRANDS LIMITED
ASX / NZX
21 September 2026
KMD Brands Limited – Lapse of performance rights
KMD Brands Limited (KMD) today announces the lapse of 33,919,811 performance rights as set out in this
notice.
The Board has approved a reduction in the number of Performance Rights on issue to neutralise the impact of
capital restructuring events that occurred during FY26, to preserve the original design intent of the awards, and
maintain their economic and proportionate value. Performance Rights remain subject to performance conditions
and represent opportunity to earn rather than any guaranteed outcome.
The number of performance rights that have now lapsed are as follows:
• 5,187,469 issued 19 December 2023
• 8,827,984 issued 12 December 2024
• 3,576,495 issued 7 April 2025
• 16,327,864 issued 18 December 2025
The lapses also reflect employees who have ceased to be employed by the KMD Brands Group, and the
outcome of the FY24 long term incentive plan.
The number of performance rights remaining on issue is as follows:
Issue date Performance period Number on issue
12 December 2024 1 August 2024 to 31 July 2027 515,539
7 April 2025 1 August 2024 to 31 July 2027 260,287
18 December 2025 1 August 2025 to 31 July 2028 1,132,865
TOTAL 1,908,692
Further information about the methodology adopted by the Board in making adjustments to the
Performance Rights on issue will be included in the KMD Brands Annual Report to be published on 23
September 2026.
ENDS
For further information, please contact:
Frances Blundell
Company Secretary
Data sourced from publicly available filings. Our datasets may not be complete. Automated analysis can produce errors. If you believe any data on this page is incorrect, please contact us at hello@nzxplorer.co.nz. For informational purposes only. Not investment advice.
Other issuers discussed similar conditions around this time
Matched by meaning across NZX announcement text, not keywords — based on our semantic index of announcement bodies.
- MEX — Minerals Exploration Limited: Annual Report to Shareholders2026-10-13
“MINERALS EXPLORATION LIMITED Directors' Report 30 June 2026 28 (h) Other statutory information (i) Terms and conditions of the share-based payment arrangements Performance Rights The terms and conditions of each grant of performance rights to KMP af…”
- ALF — Allied Farmers Limited: FY26 Annual Report2026-08-28
“The proportion of Performance Rights that satisfy the Vesting Condition are determined by reference to the following scale: Performance against target (budgeted) three-year average of Group NPBT Percentage of performance rights to satisfy Vesting Condition <80% of target…”
- KPG — Kiwi Property: Capital change notices - employee share rights2026-09-08
“Kiwi Property Group Limited Capital Change Notice Name of issuer Kiwi Property Group Limited NZX ticker code KPG Class of financial product Unlisted Performance Share Rights ISIN NZKPGE001S9 Currency New Zealand Dollars Number issued/acquired/redeemed (a) 433,434 redeemed; (b) 1…”