Cleanaway issues new shares from employee incentive plans

Cleanaway Waste Management Limited (CWY) has applied for the quotation of 794,034 new ordinary fully paid securities on the ASX, with an issue date of September 1, 2025. These securities originate from the company's employee incentive schemes and are not subject to transfer restrictions. Following this quotation, the total number of ordinary fully paid securities on issue for Cleanaway will rise to 2,232,785,774. Additionally, the company's unquoted performance rights will total 9,069,442.

The new securities are comprised of 521,476 shares under the FY23 Long Term Incentive Plan (LTIP) and 272,558 shares under the FY24 Deferred Equity Plan (DEP). These issues involve key management personnel (KMP) and their associates, including Mark Schubert (434,542 shares), Paul Binfield (136,197 shares), Tracey Boyes (113,783 shares), and Scott Nicholls (109,512 shares). Details of the incentive schemes are publicly available via URL links to the company's 2022 and 2024 Notices of Annual General Meeting.

There is no cash consideration for these newly quoted securities, with an estimated value of AUD0.000000 per security. The company has confirmed that these securities will rank equally with existing issued securities from their issue date. The issuance does not require security holder approval under Listing Rules 7.1 or 7.2.