Turners continues to have strong take up of employee share

Company Announcement 26 August 2024 Turners continues to have strong take up of employee share scheme Turners has issued shares under the 2024 Employee Share Scheme. CEO Todd Hunter said “we are very pleased with the uptake, and between the 2022, 2023 and 2024 schemes we now have 53% of our wider team as shareholders 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.” Employees have applied for 91,388 shares and after utilising shares already owned by the Employee Share Scheme a total of 70,352 shares have been issued representing 0.08% 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 $1,500 worth of shares at the completion of a 3-year vesting period. In order to encourage broad participation, the company also offered a 3-year interest-free loan to acquire the shares to all staff. 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