Brambles issues new shares for employee incentive plan

Brambles Limited (ASX:BXB) has applied for the quotation of 78,705 new ordinary fully paid securities under its employee incentive scheme, with an issue date of August 27, 2025. This move aims to facilitate the quotation of securities not subject to transfer restrictions. The shares were issued for a cash consideration of AUD 25.61650000 per security.

Among the new securities, 69,427 were issued to key management personnel (KMP) or associates, with Joaquin Gil Cabanelas receiving these shares. Additionally, 2,293 dividend equivalent payments were issued to the same KMP. Following these quotations, the total number of ordinary fully paid securities on issue for BXB will increase to 1,367,082,553. The unquoted share rights (BXBAI) will now stand at 8,872,044 and 8,948,060 respectively.

The terms of the employee incentive scheme, the Brambles Limited Performance Share Plan, are detailed in Annexure A of the company's Notice of Annual General Meeting dated September 3, 2024. All newly quoted securities will rank equally with existing issued securities from their issue date. The issue falls under an exception in Listing Rule 7.2, specifically exception 13, and therefore does not require security holder approval under Listing Rule 7.1.