Generation Development Group issues shares after performance hurdles met

Generation Development Group Limited (GDG) issued 36,011 fully paid ordinary shares on October 7, 2025, under its dividend reinvestment plan for the FY25 final dividend. These shares, with an issue price of AUD 6.70 per security, will rank equally with existing GDG securities. This issuance increases GDG's total quoted ordinary fully paid shares to 397,113,795.

Additionally, GDG announced the issuance of 1,938,818 fully paid ordinary shares to former shareholders of Lonsec Holdings Pty Ltd as "Rollover Contingent Shares." This was triggered by Lonsec achieving an EBITDA performance hurdle of at least $27.4 million for the financial year ending June 30, 2025, and forms part of the consideration for the Lonsec acquisition completed on August 1, 2024.

Separate to this, 42,030 shares are to be issued to an associated entity of non-executive director Christine Christian, Molly Bloom Investments Pty Ltd, and 19,152 shares to an associated entity of executive chairman Robert Coombe. Both issuances are subject to shareholder approval at the 2025 Annual General Meeting on November 20, 2025. Separately, director William Eric Bessemer decreased his holdings by 120,000 fully paid ordinary shares through on-market trades between October 1-2, 2025, for AUD 838,325.39.