Brambles issues new shares under employee incentive plan

Brambles Limited, an entity listed on the ASX, will quote 611 new fully paid ordinary shares (ASX:BXB) issued under an employee incentive scheme. These securities are not subject to transfer restrictions and will rank equally with existing issued securities from their issue date, November 21, 2025. This issuance reflects the company's ongoing commitment to its employee incentive programs, as detailed in the summary of terms of the Brambles Limited Performance Share Plan from their Annual General Meeting on September 2, 2025.

The securities are being issued for a cash consideration of AUD 23.38820000 per security. Following this quotation, the total number of ordinary fully paid shares on issue will be 1,362,074,218. The company also notes 8,185,806 unquoted share rights (ASX:BXBAI).

This issuance falls under an exception in ASX Listing Rule 7.2 (specifically exception 13), meaning it does not require security holder approval under Listing Rule 7.1. No securities are being issued to key management personnel (KMP) or their associates as part of this specific announcement.