Zip Co’s Meredith Scott Granted 9,678 Restricted Rights at $4.13 Each Under NED Equity Plan

Meredith Scott’s Updated Holdings at Zip Co Following 29 June 2026 Grant

As of 29 June 2026, Meredith Scott holds 60,671 fully paid ordinary shares and 105,032 Restricted Rights under the NED Equity Plan at Zip Co. Before this issuance, she owned 60,671 shares and 95,354 Restricted Rights, indicating her ordinary shareholding remained steady. The increase in Restricted Rights reflects the 9,678 newly granted rights detailed in this update.

This change represents a direct interest; no indirect interests or disposals occurred. Zip Co filed this disclosure as agent for Scott under ASX listing rule 3.19A.2 and section 205G of the Corporations Act, fulfilling requirements for notifying changes in directors’ relevant securities interests.

Valuation of Restricted Rights at $4.1332 Each Under the NED Equity Plan

The 9,678 Restricted Rights awarded to Meredith Scott were valued at $40,000 in total, equating to $4.1332 per right. This valuation is based on the NED Equity Plan’s internal pricing rather than an open-market transaction. The rights were not purchased on market and do not represent ordinary shares acquired at this price.

These Restricted Rights form part of Zip Co’s remuneration framework for non-executive directors, offering equity-linked compensation alongside or instead of cash fees. Specific vesting terms, lock-up periods, or conversion details were not disclosed beyond references to the NED Equity Plan terms outlined in the 2024 AGM notice.

Shareholder Approval at 2024 AGM Validates NED Equity Plan Issuance

The issuance to Meredith Scott was conducted in accordance with the NED Equity Plan, which shareholders approved at the Annual General Meeting on 7 November 2024. This approval ensures that equity awards to non-executive directors are subject to shareholder oversight prior to issuance.

With this prior shareholder endorsement, Zip Co can grant subsequent tranches under the plan—such as this June 2026 award—without requiring additional shareholder votes, provided grants remain within the approved plan’s scope.

Aligning Director and Shareholder Interests Through the NED Equity Plan

Non-executive director equity plans like Zip Co’s are widely used in Australia to align board members’ financial interests with those of long-term shareholders. By receiving part of their remuneration as equity-linked instruments, directors gain a direct stake in the company’s share price performance over time.

For investors, the continued issuance of Restricted Rights under the approved plan indicates the board’s equity remuneration framework is active. With Scott now holding 105,032 Restricted Rights, the value of her equity-linked holdings will be influenced by Zip Co’s share price movements and any vesting or conversion events.

Meredith Scott’s Role as a Non-Executive Director at Zip Co

Meredith Scott serves as a non-executive director of Zip Co Limited. Her prior director interest notice was filed on 23 February 2026, reflecting ongoing disclosures related to NED Equity Plan grants. As a non-executive director, Scott’s responsibilities focus on governance, oversight, and strategic advice rather than daily operations.

Further information on Scott’s tenure, committee roles, or board responsibilities is not included in this update. Interested investors can consult Zip Co’s latest Annual Report or corporate governance statement on the company’s Investor Relations website for more details.

Confirmation of No Closed Period Trading for This Securities Change

Part 3 of the Appendix 3Y filing confirms that the Restricted Rights were not traded during a closed period requiring prior written clearance. Therefore, no such clearance was needed, and no special permissions or exemptions were involved in this transaction.

This confirmation is a standard but important aspect of director interest disclosures under ASX Listing Rules. Closed periods restrict director trading around sensitive information releases. The clean confirmation removes any governance concerns regarding the timing of this securities issuance.

Meredith Scott’s Ordinary Shareholding Remains Unchanged

Despite the increase in Restricted Rights, Scott’s holding of fully paid ordinary shares remains at 60,671 following the 29 June 2026 issuance. No ordinary shares were bought or sold in this transaction. These shares represent her direct equity stake in Zip Co with full ownership rights.

The distinction between ordinary shares and Restricted Rights is important for investors. Ordinary shares provide immediate economic exposure to Zip Co’s market performance, whereas Restricted Rights are equity instruments that typically convert into shares upon meeting vesting or performance conditions. Specific terms governing Scott’s Restricted Rights were not restated in this filing.

Context Within Zip Co’s Corporate Governance Framework

This disclosure aligns with Zip Co’s obligations under ASX Listing Rule 3.19A.2, which mandates reporting changes in directors’ notifiable securities interests. The company filed the notice as agent for Scott, ensuring timely and accurate market reporting.

Transparent and regular director interest disclosures support investor confidence, especially for Zip Co, which operates in the competitive buy now, pay later and consumer finance sector and has attracted significant market scrutiny. This update reflects Zip Co’s ongoing commitment to robust corporate governance.

Investor Considerations Regarding Zip Co Director Equity Holdings

Investors should monitor future Restricted Rights grants to Meredith Scott or other non-executive directors under the NED Equity Plan, as well as disclosures about vesting or conversion of existing rights into ordinary shares. With Scott’s Restricted Rights now at 105,032, any vesting could notably increase her ordinary shareholding if conversion is on a one-for-one basis, though specific conversion terms were not disclosed.

Additionally, investors may follow Zip Co’s forthcoming financial results, leadership updates, and sector developments in buy now, pay later, all of which could affect the value of both the company’s shares and director-held equity instruments. This disclosure alone is unlikely to have a direct impact on the share price, as such routine filings typically do not trigger market-moving events.