GR Engineering Services Limited (ASX:GNG) has applied for quotation of 30,000 fully paid ordinary shares on the ASX, issued on 10 November 2026 following the vesting of performance rights under the company's GR Engineering Equity Incentive Plan, according to a filing lodged on 12 November 2026.

Key Points

  • 30,000 ordinary fully paid shares issued on 10 November 2026 following vesting of performance rights under the GR Engineering Equity Incentive Plan
  • Securities were converted from performance rights (GNGAQ) to ordinary fully paid shares (GNG) with nil cash consideration
  • Estimated value of consideration provided per security is AUD 6.9883
  • Following quotation, total quoted ordinary fully paid shares on issue will be 190,528,215
  • Unquoted performance rights on issue total 2,487,000 following the transaction

Performance Rights Conversion Under Employee Incentive Plan

The 30,000 ordinary fully paid shares were issued under the GR Engineering Equity Incentive Plan following the vesting of performance rights classified under ASX security code GNGAQ. The filing states the securities carry nil cash consideration, with an estimated value per security of AUD 6.9883. The newly issued shares will rank equally in all respects from their issue date with existing issued ordinary shares in the same class. The issue was made under an exception in Listing Rule 7.2, specifically exception 13, meaning no securityholder approval was required under Listing Rule 7.1.

Issued Capital Following Quotation

Following quotation of the 30,000 shares, GR Engineering Services' total quoted ordinary fully paid securities on issue will stand at 190,528,215 shares under ASX security code GNG. The company's unquoted securities will comprise 2,487,000 performance rights remaining under the GNGAQ class. The filing notes the issued capital figures are automatically generated and may not reflect the entity's current position if other forms are concurrently being processed by ASX.

Securities Not Subject to Transfer Restriction

According to the filing, the securities issued under the employee incentive scheme are not subject to a restriction on transfer, or are to be quoted notwithstanding any such restriction. The filing confirms the newly quoted shares rank equally with all existing issued securities in the ordinary fully paid class from their issue date of 10 November 2026. The filing also confirms the securities are not being issued for cash consideration and are not being issued to key management personnel or an associate.