Evolution Mining issues new employee incentive shares

Evolution Mining Limited is set to quote 251,612 new ordinary fully paid shares on the ASX, stemming from its employee incentive scheme. These shares, with an issue date of September 2, 2025, are granted under a plan that allows eligible employees to acquire fully paid ordinary shares up to a value of AUD1,000 at nil consideration. The number of shares issued was determined using a volume weighted average market price of Evolution shares traded on the ASX over a five-day period, concluding on August 29, 2025, with each participating employee receiving 118 shares. The estimated value of consideration per security is AUD8.458900.

These new securities are issued without security holder approval, utilizing the entity's 15% placement capacity under listing rule 7.1. Following this quotation, the total number of ordinary fully paid securities on issue for Evolution Mining will reach 2,013,836,320. The new shares are expected to rank equally in all respects from their issue date with the existing issued securities in that class.

In addition to the quoted shares, Evolution Mining also has unquoted securities, including 95,655 share rights and 23,507,011 performance rights. This latest issue reflects the company's ongoing commitment to its employee incentive programs.