Turners continues to have strong take up of employee share

SECISSUE

Fri, Oct 03 2025 11:40 am

Company Announcement

3 October 2025

Turners continues to have strong take up of employee share scheme

Turners has issued shares under the 2025 Employee Share Scheme (ESS).

CEO Todd Hunter said “we are again very pleased with the uptake, the scheme has now been running for four years and through it we now have 67% of our wider team with shareholdings in the company. The ownership mindset combined with our high team engagement levels continues to be a powerful combination and a strong advantage for the Turners organisation.”

In the 2025 ESS round, employees have applied for a total of 117,177 shares and, after utilising shares already held by the Share Scheme Trustees, a total of 93,076 new shares have been issued representing 0.10% of issued capital.

The scheme provides the opportunity for permanent (part-time and full-time) employees of the business to invest $1,000 and receive $2,000 worth of shares at the completion of a 3-year vesting period. In order to encourage broad participation, the company also offers a 3-year interest-free loan to all staff to acquire the shares.

ENDS

About Turners

Turners Automotive Group Limited is an integrated financial services group, primarily operating in the automotive sector www.turnersautogroup.co.nz

For further information, please contact:

Aaron Saunders, Group Chief Financial Officer, Turners Automotive Group Limited, Mob: 027 493 8794
Todd Hunter, Group Chief Executive Officer, Turners Automotive Group Limited, Mob: 021 722 818