Brambles issues new shares under employee incentive scheme

Brambles Limited, a supply-chain logistics company, is seeking quotation for 10,320 new ordinary fully paid securities (ASX:BXB) to be issued on September 15, 2025. These securities are being issued under an employee incentive scheme, specifically as an exercise of vested share awards from the Brambles Limited Performance Share Plan. The company confirms that these securities are not subject to a restriction on transfer and will rank equally with existing issued securities in that class from their issue date.

The new issuance falls under Listing Rule 7.2 exception 13, meaning it does not require security holder approval under Listing Rule 7.1. The estimated value of the consideration provided per security is AUD 25.725000. Following this quotation, the total number of ordinary fully paid securities (ASX:BXB) on issue will increase to 1,366,716,288.

The terms of the Brambles Limited Performance Share Plan are detailed in Annexure A of the company’s Notice of Annual General Meeting, dated September 2, 2025. This issuance does not involve any securities being allocated to key management personnel (KMP) or their associates. The unquoted share rights (ASX:BXBAI) will stand at 8,835,282 after this transaction.