Astron announces new securities issue for employment arrangements

Astron Limited has announced a proposed issue of 45,333 ordinary fully paid securities, which will not be offered for cash consideration. The company clarified that these securities are being issued "pursuant to employment arrangements," with an estimated equivalent consideration of AUD 0.700000. This new issue is classified as a placement or other type of issue, with the proposed issue date set for December 23, 2025.

The securities, identified by the ASX security code ATR, will rank equally in all respects from their issue date with existing issued securities in that class. Astron Limited confirmed that no external approvals are required, and the issuance does not involve any attaching securities or lead managers/brokers.

The company plans to issue these securities without security holder approval, utilizing its 15% placement capacity under ASX Listing Rule 7.1. No additional 10% placement capacity under Listing Rule 7.1A will be used, and no parties referred to in Listing Rule 10.11 are participating in the issue. The company also stated that the issue will not result in a change to its dividend or distribution policy.