Australian Strategic Materials (ASX: $ASM) Performance Rights Vesting Notice

Australian Strategic Materials Limited (ASM) (ASX: $ASM) has announced the vesting of 250,198 performance rights for the year ended 30 June 2024 to its Managing Director and senior executives under the ASM Executive Incentive Plan. Additionally, 27,357 performance rights granted to its Chief Executive Officer and Managing Director on 5 July 2021 under a sign-on agreement have also vested and are now capable of exercise. These details are provided under rule 3.10.7 of the ASX Listing Rules. As of the date of this announcement, the Company's capital structure comprises 181,133,558 ordinary shares, 14,341,676 options, 277,555 vested performance rights, and 1,507,498 unvested performance rights.

Executive Commentary on Performance Rights Vesting

The vesting of performance rights for our senior executives is a reflection of our commitment to aligning the interests of our leadership team with the long-term success of Australian Strategic Materials. We believe that incentivizing and rewarding performance is crucial in driving the company towards achieving its strategic objectives and delivering value to our shareholders.

Summary of Performance Rights Vesting and Outlook

Australian Strategic Materials (ASX: $ASM) has announced the vesting of performance rights for its senior executives, demonstrating the company's dedication to linking executive remuneration with performance outcomes. The vesting of these rights underscores the company's focus on driving sustainable growth and value creation. Looking ahead, the company remains committed to executing its strategic plans and delivering on its objectives to enhance shareholder value and drive long-term success.