Austin Engineering issues new securities from Mainetec acquisition earn-out

Austin Engineering Limited (ANG) is set to quote 6,620,698 new ordinary fully paid securities on the ASX, effective October 15, 2025. These securities are being issued as part of an earn-out arrangement under the Share Sale Deed for the Mainetec acquisition, originally announced on August 23, 2022.

The consideration for these new securities is not cash, with an estimated value of AUD0.300000 per security. Following this quotation, the total number of ordinary fully paid securities on issue for Austin Engineering will increase to 628,084,223.

In addition to the quoted shares, Austin Engineering also has unquoted securities, including 3,950,000 options expiring on April 12, 2026, with an exercise price of $0.35, and 7,059,596 performance rights. This latest quotation marks the completion of the previously announced transaction related to the Mainetec acquisition.