Civmec (SGX:P9D) has issued 2.3 million performance rights to its key management personnel under its key senior executives' performance rights plan, according to a Tuesday filing on the Singapore Exchange.

The rights are tied to performance outcomes over a three-year period from July 1 to June 30, 2027. Civmec's shares were priced at A$$1.35 (SG$1.16) on the grant date.

The company also disclosed a capital structure update, reporting 508.5 million ordinary fully paid shares and 6.09 million performance rights outstanding.