NRW Holdings director sells A$19.7m in shares

Julian Alexander Pemberton, a director of NRW Holdings Limited, reported a notable change in his indirect interest in the company. Between October 14 and October 17, 2025, Pemberton disposed of 4,000,000 fully paid ordinary shares held indirectly through Julian Alexander Pemberton ATF <The JP Trust>. The transaction, classified as an on-market trade, amounted to A$19,765,755.57.

Prior to the change, Pemberton held 369,364 direct shares, and indirect holdings included 11,596,624 shares through <The JP Trust> and 120,905 shares through CAT Nominees Pty Ltd <Pemberton Super Fund>. Following the sale, his indirect holdings through <The JP Trust> decreased to 7,596,624 shares, while direct holdings and the interest through CAT Nominees Pty Ltd remained unchanged.

The transaction occurred outside a closed period, and prior written clearance was not required for the trade to proceed. This disclosure aligns with ASX listing rule 3.19A.2.