James Hardie issues unquoted shares to settle AZEK merger equity awards

James Hardie Industries Plc announced the issue of 1,043 unquoted ordinary shares (ASX code: JHXAM) on October 2, 2025. This issuance is part of a transaction previously announced to the market in an Appendix 3B on March 24, 2025. The shares, issued for a cash consideration of $0.69000000 per security, are not intended to be quoted on the ASX. The company had previously applied for a waiver from Listing Rule 2.4, which was granted by ASX on July 16, 2025.

These shares were issued in connection with the merger between James Hardie Industries plc and The AZEK Company Inc. The merger, initially contemplated by an Agreement and Plan of Merger dated March 23, 2025, was consummated on July 1, 2025. The newly issued ordinary shares relate to the settlement of certain AZEK equity awards that were outstanding as of the closing date of the merger.

Following this issuance, James Hardie's unquoted securities now include 4,670,265 Restricted Stock Units (JHXAK), 149,164,551 Ordinary Shares (JHXAM), and 269,221 Options expiring on November 3, 2027, with an exercise price of $33.05 (JHXAL). The total quoted Chess Depositary Interests (JHX) remain at 430,021,535.