Capital
Shareholders
Issued Capital
| Issued Share Capital with Voting rights (Ordinary Shares and Depository Interests (DIs)) | 226,569,705 |
| Unlisted Options, exercise price of 80 cents, expiring 31 December 2025 | 1,000,000 |
| Unlisted Options, exercise price of 25 cents, expiring 30 June 2026 | 5,000,000 |
| Unlisted Options, exercise price of 20 cents, expiring 31 October 2028 | 2,500,000 |
| Performance Rights | 200,000 |
Significant Shareholders
| Name | Share Capital | % of Share Capital |
|---|---|---|
| Armco Barriers Pty Ltd* | 13,644,000 | 6.03 |
| European Bank for Reconstruction and Development | 12,315,213 | 5.94 |
Director Shareholdings
| Name | Share Capital | % of Share Capital |
|---|---|---|
| Mr Keith Coughlan** (held directly & indirectly) | 5,750,000 | 2.54 |
| Mr Kiran Morzaria (held directly) | 200,000 | 0.09 |
| Mr Lincoln Palmer Bloomfield Jr. (held directly) | 644,630 | 0.29 |
| Mr Richard Pavlik (held directly) | 300,000 | 0.13 |
* ARMCO Barriers Pty Ltd, Road & Construction Supplies of Australia Pty Ltd for the Keller Super Fund A/C and the Estate of Anna Keller have an aggregate interest in 16,924,000 ordinary shares. ARMCO Barriers Pty Ltd is interested in 13,644,000 ordinary shares, Road & Construction Supplies of Australia Pty Ltd as trustee for the Estate of Anna Keller is interested in 1,060,000 ordinary shares and a related party to these entities is interested in 2,100,000 ordinary shares.
** Mr Keith Coughlan is directly and indirectly interested in 5,750,000 ordinary shares. Inswinger Holdings Pty Ltd, of which he is a director, is interested in 4,900,000 ordinary shares and 850,000 ordinary shares are held directly.
In accordance with AIM Rule 26 and Market Abuse Regulation, the Company’s announcements will be available for a period of at least 5 years.
Shares Not In Public Hands
In so far as the Company is aware, the percentage of the Company’s issued share capital that is not in public hands is 3.05%.
Date: 3 November 2025