Napier Port issues shares for executive incentive plan

Napier Port Holdings has issued 163,624 ordinary shares, transferred from its treasury stock, as part of an executive long-term incentive plan. This transaction, authorized by a board resolution dated December 24, 2025, and Listing Rule 4.6, results in the shares being fully paid with a nominal value of nil. The issued shares rank equally with existing ordinary shares.

This issue represents 0.0819% of the total class of financial products, calculated on the number of financial products excluding treasury stock. Following this capital change, the total number of ordinary shares in the class (excluding treasury stock) is now 199,910,312.

The company now holds 89,688 ordinary shares as treasury stock. The announcement was made by Kristen Lie, with the contact email provided as kristenl@napierport.co.nz.