With the Share Match Plan, you can invest in Northern Star shares and have the opportunity to double your holdings. If you stay with the Company and hold your shares for two years, we’ll match them—doubling your additional shares at no extra cost.
Invitations sent
Monday 2 June 2025
Application due date
Friday 27 June 2025, 5pm (AWST)
Payroll deductions
From 10 July 2025
Invitations sent
Monday 9 June 2025
Application due date
Friday 4 July 2025 at 5pm
Payroll deductions commence
Thursday 10 July 2025
Shares acquired with your payroll contributions over the year will be transferred to you (Acquired Shares):
If you remain employed by the Company and still hold your Acquired Shares 2 years after they were transferred to you, you will receive one Matched Share for each Acquired Share you still hold(subject to satisfaction of all applicable Matching Conditions).
You can choose to contribute an annual amount of A$1,000 to A$5,000 or US$ equivalent.
The approximate amount to be deducted from each salary can be calculated using our handy Contribution Calculator.
General guide only - depending on your individual circumstances amounts may be subject to change.
The Northern Star Employee Share Match Plan (Share Match Plan or Plan) allows you the opportunity to invest your after-tax money to buy Acquired Shares, and receive for free one Matched Share for each Acquired Share that you continue to hold in the Automic Investor Portal after two years, provided you remain employed by Northern Star. Free Matched Shares are to reward your investment in and continuing service to the Company as a valued employee.
By accepting your Invitation to participate in the Share Match Plan and selecting an annual Contribution Amount of between A$1,000 to A$5,000 (or US$ equivalent), you agree to:
If you retain your Acquired Shares and remain employed by Northern Star, you will receive one additional share for each Acquired Share that you still hold in the Automic Investor Portal after two years (or three years in the case of the CY22 Plan Year) of being transferred to you – for free (Matched Shares). You will also benefit from any growth in the Northern Star share price, and any dividends declared, over the Qualification Period for the Acquired Shares.
Eligibility for Matched Shares is subject to satisfaction of all applicable Matching Conditions, as detailed in the Share Match Plan Rules and relevant Offer Booklet available to download at the bottom of this page.
The Share Match Plan provides Eligible Employees the opportunity to become a shareholder of, or to increase their shareholding in, Northern Star and share in the future growth of the business. Granting free Matched Shares rewards Eligible Employees for investing in and remaining an employee of Northern Star. Share matching also promotes the alignment of employee interests with the interests of all shareholders, because any increase in the value of the Northern Star share price benefits shareholders and participating employees alike.
Employees of Northern Star are eligible to participate in the Share Match Plan if they:
No minimum length of service is required to participate in the Share Match Plan.
For each year in which the Share Match Plan is offered (Plan Year), Eligible Employees will receive a new Invitation to participate via email from Automic. To accept your Offer, follow the instructions provided in the Invitation, and complete and submit your Online Application Form prior to the closing date. Where there is a current offer, please refer to the 'Key Dates' section above for the offer open and closing dates.
Re-enrolment in future Plan Years is not automatic. There is no guarantee that the Plan will be offered again in future years, as this is at the Board’s discretion.
You can accept an Invitation to participate in the Plan while you are on unpaid leave.
You can also continue to participate in the Plan if you commence a period of authorised unpaid leave during the Plan Year.
In either case, if you are not receiving regular salary payments due to the length of unpaid leave, you will be required to pay the outstanding amount of your annual Contribution Amount in a lump sum payment for each remaining Quarter of the Plan Year in which you won’t be receiving regular salary payments via payroll. If you are on or commencing a period of extended unpaid leave, please discuss with your HR Representative or email employeebenefits@nsrltd.com to make arrangements.
If you accept your Invitation to participate in the Share Match Plan, and then receive an invitation from the Company for short or long term inventive performance rights during that Plan Year, you will cease to be an Eligible Employee and will be taken to have withdrawn from the Share Match Plan. This means no further Acquired Shares will be transferred to you, and any Contributions not yet utilised will be refunded to you. You will however remain eligible to receive Matched Shares in relation to Acquired Shares you hold at the end of the Qualification Period, subject to satisfying all applicable Matching Conditions.
When enrolling in the Plan, you must nominate an annual Contribution Amount for the relevant Plan Year, of A$1,000 to A$5,000 (or US$ equivalent). You can use the calculator above to estimate your after-tax salary deductions based on the Contribution Amount you choose and your payment frequency.
You can’t change your Contribution Amount, but you can withdraw from the Plan at any time.
You must pay your Contribution Amount via after-tax salary deductions in equal instalments over each pay period during the Plan Year. The only exception is where you are on, or during the Plan Year you commence, a period of authorised unpaid leave (such as parental leave), in which case you can continue to participate in the Plan by paying your outstanding Contribution Amount via a lump sum payment each remaining Quarter in the Plan Year. See the Offer Booklet available to download from this page for further details.
Acquired Shares will be acquired for and transferred to you from the Employee Share Trust shortly prior to the end of each Quarter in the Plan Year, in consideration for the Contributions deducted from your after-tax salary that Quarter.
You will receive an email from Automic confirming that Acquired Shares have been transferred to you shortly after each quarterly transfer date. You can view the Acquired 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.
The number of Acquired Shares you receive each Quarter will depend on the amount of your Contributions during the Quarter and the price paid to acquire the Shares for you and the other Plan participants that Quarter.
If Shares are purchased on-market on ASX, you will receive Acquired Shares equal to your Contributions for the Quarter, divided by the average price paid for all Acquired Shares acquired under the Plan for the Quarter.
If either new Shares are to be issued, or existing Shares in the Employee Share Trust are to be utilised (instead of Shares being purchased on-market on ASX), you will receive Acquired Shares equal to your Contributions for the Quarter, divided by the volume weighted average market price (VWAP) of Northern Star shares over the 20 ASX trading days up to but excluding the transfer date.
As it is not possible to receive fractional entitlements of Shares, the number of Acquired Shares acquired for and transferred to you each Quarter must be rounded down to the nearest whole number of Shares. Any Contributions insufficient to acquire another whole Share for you are either carried over to the next Quarter in the Plan Year, or refunded to you if it is your final tranche of Acquired Shares.
Yes, you will be entitled to receive dividends on any Acquired Shares that you hold as at the relevant record date for the dividend.
Please ensure you provide your bank details and Tax File Number in the Automic Investor Portal to ensure that your dividends are not withheld. Details on how to:
You can sell or transfer your Acquired Shares at any time, subject to compliance with the Company's Securities Trading Policy and the insider trading regime in the Corporations Act 2001 (Cth). However, you will lose your entitlement to the Matched Shares in respect of those Acquired Shares if you sell them before two years from the date that those Acquired Shares were transferred to you (or three years in the case of the CY22 Plan Year).
If you want to sell your Acquired Shares, Automic offers an employee share sale facility that allows you to sell shares without needing your own brokerage account. To access this feature, log in to the Investor Portal and click on "Transact" from the left-hand menu.
At the end of the ‘Qualification Period’ for Acquired Shares (being two years after the date that those Acquired Shares were transferred to you), and subject to satisfaction of the Matching Conditions, you will receive for free one Matched Share for every one Acquired Share still held by you.
The Board has determined that the Matching Conditions are:
The Matching Conditions must be satisfied throughout the Qualification Period for those Acquired Shares.
Note that the Matching Conditions that applied in previous Plan Years may differ from the above. Please refer to the relevant Offer Booklet available to download on this page.
You won't pay any income tax on your Acquired Shares, as these will be purchased using your after-tax salary contributions. You will need to pay income tax on any free Matched Shares that are transferred to you.
Taxes apply on any sale of Acquired Shares or Matched Shares by you.
Australia and the United States have different taxation rules, so we advise you get personal tax advice specific to your individual circumstances. Generic Tax Summary information is available to download on this page.
Yes, you can leave the Plan and stop your Contributions at any time, by providing a “Withdrawal Notice”. This is simply an email sent by you to employeebenefits@nsrltd.com which includes your employee ID number (which you can find in MySTARR), advising that you no longer want to participate in the Plan.
Your request to cease contributions will be actioned as soon as your Withdrawal Notice is processed. See the Offer Booklet available to download from this page for further details.
If you stop being a Northern Star employee, you will no longer be eligible to participate in the Plan. However you will keep all Acquired Shares already transferred to you.
If your employment with Northern Star ends:
On leaving Northern Star, your Acquired Shares and any Matched Shares received are yours to keep, sell, or transfer as you wish. They will continue to be held in the Automic Investor Portal until you choose to sell or transfer them.
Northern Star updates Automic Group each month of Participants who have ceased employment with Northern Star, including the reason for departure.
To ensure that you continue to receive all future communications about your Plan entitlements and any residual Contribution balances, it is your responsibility to update your personal contact and banking details online in the Automic Investor Portal.
There are extensive Frequently Asked Questions and Worked Examples in the Offer Booklet 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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