Atturra Limited Grants 329,136 Performance Rights to Non-KMP Employees Under Employee Incentive Plan

Overview of the 329,136 Performance Rights Issued by Atturra on 29 June 2026

On 2 July 2026, Atturra Limited officially informed the market of the issuance of 329,136 performance rights under the ATAAA security class, with an issue date of 29 June 2026. These rights belong to an existing class of unquoted performance rights governed by Atturra’s employee incentive scheme, details of which are accessible via the company’s ASX filings.

Performance rights are a common form of equity-based remuneration used by ASX-listed companies to attract, retain, and motivate employees. Typically, they convert into ordinary shares upon meeting specified performance criteria or vesting milestones. However, the precise vesting conditions for this tranche were not disclosed in the announcement. Investors interested in the full terms should refer to the employee incentive scheme documentation lodged with ASX.

Rationale for Using ASX Listing Rule 7.2 Exception 13 for This Issuance

The issuance was conducted under ASX Listing Rule 7.2 Exception 13, which allows companies to issue securities under an employee incentive scheme without shareholder approval under Listing Rule 7.1, provided the scheme has prior shareholder approval. This is a standard procedure for Australian listed companies managing ongoing employee equity programs.

By applying Exception 13, Atturra proceeded with the grant to eligible employees without convening a general meeting or requiring a specific shareholder vote. This facilitates timely administration of employee incentive schemes aligned with remuneration cycles. The use of this exception does not reduce the company’s transparency obligations, which it fulfilled by notifying the market through the Appendix 3G form.

Recipients of the Latest Performance Rights: Non-Key Management Personnel

The announcement confirms that all 329,136 performance rights were granted exclusively to non-key management personnel (non-KMP). Under ASX disclosure rules, KMP typically includes executive directors, the CEO, CFO, and other senior executives responsible for planning and directing the entity’s activities. Non-KMP recipients are employees outside this group who participate in the incentive scheme.

This distinction matters for disclosure: grants to KMP require specific reporting in the remuneration report within annual financial statements, whereas non-KMP grants follow the standard Appendix 3G notification process. Atturra confirmed no securities in this tranche were issued to KMP or their associates, consistent with the non-KMP disclosure pathway. The company did not specify the number of employees receiving performance rights or the allocation per individual.

Atturra’s Total Performance Rights Pool Now at 8,999,868

Following this issuance, Atturra’s total unquoted ATAAA performance rights outstanding amount to 8,999,868. This total includes all previously granted and outstanding rights under the employee incentive scheme. If fully vested and converted, these rights would dilute the current share count.

Atturra currently has 368,090,382 fully paid ordinary shares (ATA) on issue. The outstanding performance rights represent roughly 2.45% of the current ordinary shares on a fully diluted basis, assuming all rights vest and convert. This dilution level is modest by ASX standards for companies with active employee incentive schemes. Investors should note that figures from the ASX form system may not reflect the most current capital/">issued capital if other filings are pending.

Role of Atturra’s Employee Incentive Scheme in Technology Talent Strategy

Performance rights are widely used by technology companies to attract and retain skilled professionals in a competitive labor market. For Atturra, operating in digital transformation and IT services, retaining experienced technology staff is critical. Equity-based remuneration aligns employee and shareholder interests by linking rewards to company performance and tenure.

The continued use of the ATAAA performance rights class shows Atturra’s structured approach to employee remuneration beyond base salary and cash bonuses. The scheme’s terms, including performance hurdles and vesting schedules for grants like this, are detailed in the ASX filings. The company did not provide additional commentary on the strategic rationale for this particular issuance.

Atturra’s Ordinary Share Capital Status Post-Grant

The number of Atturra’s fully paid ordinary shares remains at 368,090,382 following this announcement. Performance rights do not immediately affect the ordinary share count; they convert into shares only upon vesting and, in some cases, exercise. Until conversion, they are unquoted securities without voting rights or dividend entitlements equivalent to ordinary shares.

The stable share count indicates no prior performance rights vested and converted alongside this grant. Investors should watch for future Appendix 3B filings, which report conversions of unquoted securities to ordinary shares. The current performance rights pool represents the maximum potential dilution if all rights vest, though actual conversion depends on meeting performance conditions.

Compliance with Regulatory and ASX Listing Rule Requirements

Atturra’s filing of the Appendix 3G form complies with ASX Listing Rules, which mandate notification when a company issues unquoted securities. The form details the number of securities issued, issue date, applicable listing rule exception, and updated capital structure.

The announcement was lodged with ASX on 2 July 2026, within the required timeframe after the 29 June 2026 issue date, demonstrating standard compliance. No regulatory issues or deviations from the employee incentive scheme terms were indicated. The scheme documentation referenced provides the authoritative source for investors seeking full legal and commercial details of the performance rights.

Investor Considerations Following Atturra’s Performance Rights Issuance

Investors monitoring Atturra’s capital management and remuneration should watch for future performance rights grants to both non-KMP and KMP employees, disclosure of vesting results in annual remuneration reports, and Appendix 3B filings indicating conversion of vested rights into ordinary shares. The annual report will also detail the total fair value of equity-based remuneration expensed.

Potential updates to the employee incentive scheme’s terms or size, including any future shareholder re-approval at an annual general meeting, may signal changes in Atturra’s remuneration approach. The immediate share price impact of this non-KMP performance rights issuance appears limited, as such grants under an approved scheme are typically routine administrative disclosures rather than material market events.

About Atturra Limited and Its Role in the Australian Technology Sector

Atturra Limited is an ASX-listed Australian technology company delivering digital transformation, managed services, and advisory solutions to enterprise and government clients. The sector is marked by strong competition for skilled technology professionals, ongoing demand for cloud migration, cybersecurity, and data analytics services, and increasing needs for integrated digital platforms across public and private sectors.

Maintaining an active employee incentive scheme aligns with Atturra’s positioning as a preferred technology employer in Australia. By issuing performance rights to non-KMP employees, equity participation extends beyond the executive leadership team, potentially enhancing broader employee engagement and alignment with shareholder interests. The company did not comment on its business outlook or operational performance in this announcement, which focused solely on the disclosure of the performance rights issuance as required by ASX Listing Rules.