As an eligible employee, you have the opportunity to become a Northern Star shareholder through the Employee Share Plan. By accepting an invitation to participate, you'll receive approximately A$1,000 worth of Northern Star shares—at no cost to you.
A$1,000/US$ equivalent of free fully-paid ordinary shares in Northern Star.*
No brokerage fees are payable by you in respect of your allocated shares.
You can benefit from any share price growth, earn dividends and exercise voting rights.
*US employees will also receive a US$ cash payment (in FY25, US$200) to assist with any tax withheld upon the grant of the ESP Shares, and in paying any further tax that may arise due to the ESP Shares being transferred to you.
You’re eligible to participate in the Plan if you receive an invitation from the Company to participate in the Plan.
You are an eligible employee if you:
You are not eligible if you:
ESP Shares granted to employees residing in Australia are subject to a restriction on disposal until the earlier of:
The FY25 Offer has now closed. The next opportunity for eligible employees to participate in the ESP will be in late 2025, and this page will be updated with details of that offer at that time.
The Employee Share Plan (Plan) allows Northern Star to provide eligible employees with an annual Offer to receive fully paid ordinary shares in Northern Star up to a maximum value of approximately A$1,000 per year, for no cost to the employee (ESP Shares). US employees will be informed of the approximate US$ equivalent value at the time offers are made.
Through the Plan, we offer Northern Star employees the opportunity to become an owner of or increase their ownership in Northern Star, to thank them for their contribution throughout the year and share in the future success of the business. Employees will also benefit from any growth in the Northern Star share price, and any dividends declared, on their ESP Shares.
Offers under the Plan are made as an employee benefit and are authorised under the Employee Share Plan Rules, which are available to download on this page.
You are eligible to participate in the Plan if you meet the following criteria:
You are not eligible to participate in the Plan if:
Subject to Board approval, offers under the Plan are made annually in around November/December. Where there is a current offer, please refer to the 'Key Dates' section above for the offer open and closing dates and ESP Shares transfer date.
Eligible employees will receive an invitation to participate in the Plan via email from Automic at the commencement of the offer period. To accept your offer of ESP Shares, follow the instructions provided in the invitation, and complete and submit your Online Application Form prior to the closing date.
Expatriates working in the Company's Australian or United States Operations on secondment during the Offer period who are eligible to participate in the Plan will receive an invitation to participate in the Plan for that jurisdiction only.
Offers under the Plan expire on the closing date (unless extended). Where there is a current offer, please refer to the 'Key Dates' section above for the offer closing date.
If you haven’t accepted your offer by submitting an Online Application Form by this time, your offer will lapse and no ESP Shares will be transferred to you.
If you wish to decline your invitation for ESP Shares, you can simply take no action. No ESP Shares will be transferred to you unless you accept your offer by submitting an Online Application Form. You may receive ongoing reminder emails until the end of the offer period.
The number of ESP Shares you receive is determined by the Northern Star Board, usually with reference to a volume weighted average trading price of Northern Star shares on ASX up to a particular date (such as the closing date for the Offer). The maximum value is approximately A$1,000 per year.
If you accept your Invitation and remain eligible, ESP Shares will be transferred to you shortly after the offer period closes. Where there is a current offer, please refer to the 'Key Dates' section above for the ESP Shares transfer date.
You will receive an email from Automic confirming that ESP Shares have been transferred to you shortly after the transfer date. You can view the ESP Shares you hold in your employee plan holding in the Automic Investor Portal. For a step by step guide on how to register, see the Automic Investor Portal page of this microsite.
If you are a Northern Star employee working at our Australian Operations, your ESP Shares are subject to a restriction on disposal until the earlier of: three years from the date the ESP Shares are transferred to you, or when your employment with Northern Star ends. This requirement is a function of the Australian tax rules applicable to taxed upfront schemes.
If you are a Northern Star employee working at our North America Operations, who is not subject to Australian tax, no equivalent restriction on disposal applies to your ESP Shares.
You must remain an employee of Northern Star as at the date ESP Shares are transferred, in order to be eligible to receive ESP Shares. If you accept an ESP offer but then resign or your employment ends prior to the transfer date, you will not be an Eligible Employee and no ESP Shares will be transferred to you.
Generally, the transfer of ESP Shares to you is tax-exempt (for AU employees) or a gross cash amount will be paid to you to assist with any tax liability (for US employees), meaning the ESP Shares transferred to you are effectively tax-free. This means you won’t pay tax on the value of the ESP Shares as you would on your salary. However this will depend on your personal circumstances.
Generic Tax Summaries are available to download from this page and also available in the Automic Investor Portal.
Northern Star cannot give you personal tax advice and we recommend that you seek your own personal tax advice in relation to your participation in the Plan.
Employees who participate in the Plan and are a tax resident of the US (or a US taxpayer) will be subject to US income tax withholding on the value of the ESP shares received. To contribute towards the tax withheld, US-based employees who accept an ESP offer will also be paid a gross amount (eg. US$200) to assist with any tax withheld upon grant of the ESP Shares, and in paying any further tax that may arise due to the ESP Shares being transferred to you. This sum may vary from year to year at the Managing Director’s discretion. A Generic US Tax Summary is available to download on this page. For advice on your personal situation, Northern Star recommends that you seek your own tax advice.
If you cease employment with Northern Star, all of your ESP Shares held in your employee plan holding will be released from restriction as soon as practicable following your ceasing employment. This generally occurs at the end of the month following the month in which your employment ended.
Once released, you are free to sell or transfer your ESP Shares if you wish.
ESP Shares granted to you will be held in your employee plan holding in the Automic Investor Portal. For a step by step guide on how to register, see the Automic Investor Portal page of this microsite.
Please ensure you provide your bank details and Tax File Number in the Automic Investor Portal to ensure that any dividends payable on your ESP Shares are not withheld. Details on how to:
The Employee Share Plan Rules are available to download from this page. Please consult that document if you have a question which is not answered above.
Should you have any queries in relation to your participation in the Plan or shareholding generally, please contact Automic’s dedicated email or helpline for Northern Star shareholders on 1300 593 734 (within Australia) or +61 2 7208 4523 (outside Australia) or by email at northernstar@automicgroup.com.au.
The Northern Star information phone line is available at the following times:
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