EROAD issues shares under long-term incentive plan

EROAD Limited has completed a capital change, issuing 27,450 ordinary shares under its FY25 Long-Term Incentive Plan. The shares, ranking pari passu with existing shares, result from the vesting of performance share rights (PSRs) to a participant. This issuance represents 0.015% of the total class of financial products in existence before the change.

Following this issuance, the total number of ordinary shares in the class (excluding treasury stock) now stands at 187,614,976. The company confirmed that no treasury stock is currently held. The board resolutions authorizing this action were dated June 25, 2024, September 25, 2024, and November 20, 2025.

EROAD also reported that 17,550 PSRs lapsed to cover participant tax liability, and an additional 188,333 PSRs lapsed due to performance conditions not being met. Eleanor Koningham is the authorized contact person for this announcement, which was released on November 24, 2025.