EROAD issues 59,223 shares under share retention plan

EROAD Limited (NZX:ERD) announced the issue of 59,223 ordinary shares on June 18, 2025, as part of its Share Retention Plan. This issuance represents approximately 0.03% of the total Financial Products, excluding Treasury Stock. The shares were issued fully paid, without any nominal value or specific cash consideration, stemming from the vesting of Performance Share Rights (PSRs) granted to a participant within the framework of EROAD's Share Retention Plan. The issuance was authorized by a Board resolution dated August 27, 2024. Following this issuance, the total number of ordinary shares, excluding Treasury Stock, stands at 187,469,855. Additionally, 37,864 PSRs have lapsed under the plan to account for participant tax liabilities.