Ventia issues new shares, reports lapses in equity awards

Ventia Services Group Limited issued 75,249 new ordinary fully paid shares on August 15, 2025, following the conversion of unquoted share rights (VNTAB). These shares were issued as a result of the vesting of CEO equity awards, which are subject to a two-year vesting period, continued service, and performance conditions. This conversion increased the total number of ordinary fully paid shares on issue to 834,626,201.

Concurrently, Ventia also reported the cessation of 10,554 unquoted share rights (VNTAB) and 71,176 unquoted share appreciation rights (VNTAC) on September 30, 2025. These cessations were due to the lapse of conditional rights where conditions were not met or became incapable of being satisfied. No consideration was paid by the entity for these cessations.

Following these adjustments, Ventia's unquoted equity securities now comprise 1,333,910 share rights (VNTAB), 16,388,804 share appreciation rights (VNTAC), and 10,619,493 dividend equivalent rights (VNTAD). These changes reflect the normal course of employee incentive scheme operations and vesting outcomes.