GR Engineering Services Limited (ASX:GNG) has issued 30,000 fully paid ordinary shares to employees for nil consideration, following the vesting and exercise of 30,000 Performance Rights under the company's 2022 Equity Incentive Plan, according to a filing dated 12 November 2026.

Key Points

  • 30,000 fully paid ordinary shares issued to employees for nil consideration on 12 November 2026
  • Shares issued upon vesting and exercise of 30,000 Performance Rights under the GR Engineering Services Limited 2022 Equity Incentive Plan
  • The 2022 Equity Incentive Plan was approved by shareholders on 23 November 2022
  • New shares were issued without disclosure to investors under Part 6D.2 of the Corporations Act
  • Notice given under section 708A(5)(e) of the Corporations Act 2001

Share Issuance Under 2022 Equity Incentive Plan

GR Engineering Services Limited confirmed it issued 30,000 fully paid ordinary shares to employees on 12 November 2026 for nil consideration. The shares were issued upon the vesting and exercise of 30,000 Performance Rights under the GR Engineering Services Limited 2022 Equity Incentive Plan. That plan was approved by shareholders at a general meeting held on 23 November 2022. The company directed market participants to the accompanying Appendix 2A filing for further details regarding the share issuance.

Corporations Act Section 708A(5)(e) Notice Details

The filing constitutes a formal notice given by GR Engineering Services under section 708A(5)(e) of the Corporations Act 2001 (Cth). The company disclosed that the new shares were issued without disclosure to investors under Part 6D.2 of the Corporations Act. The notice was approved for release by Omesh Motiwalla, CFO and Company Secretary of GR Engineering Services Limited, in accordance with the company's disclosure obligations.

Regulatory Compliance Statements as at Filing Date

As at the date of the notice, GR Engineering Services confirmed it had complied with the provisions of Chapter 2M of the Corporations Act, as applicable to the company, as well as sections 674 and 674A of the Corporations Act. The company also confirmed that, as at the date of the notice, there was no information constituting 'excluded information' within the meaning of sections 708A(7) and 708A(8) of the Corporations Act 2001.