GR ENGINEERING SERVICES LIMITED — Share Issue/Capital Change 2021

Nov 2, 2021

Application for quotation of +securities

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Announcement Summary

Entity name

GR ENGINEERING SERVICES LIMITED

Announcement Type

New announcement

Date of this announcement

Wednesday November 03, 2021

The +securities to be quoted are:

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+Securities issued as part of a transaction or transactions previously announced to the market in an Appendix 3B

Total number of +securities to be quoted

ASX +security		Number of +securities to
code	Security description	be quoted	Issue date
GNG	ORDINARY FULLY PAID	348,083	03/11/2021

Refer to next page for full details of the announcement

Application for quotation of +securities

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Application for quotation of +securities

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Part 1 - Entity and announcement details

1.1 Name of entity

GR ENGINEERING SERVICES LIMITED

We (the entity named above) apply for +quotation of the following +securities and agree to the matters set out in Appendix 2A of the ASX Listing Rules.

1.2 Registered number type

ABN

Registration number 12121542738

1.3 ASX issuer code

GNG

1.4 The announcement is

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New announcement

1.5 Date of this announcement

3/11/2021

Application for quotation of +securities

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Application for quotation of +securities

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Part 2 - Type of Issue

2.1 The +securities to be quoted are:

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+Securities issued as part of a transaction or transactions previously announced to the market in an Appendix 3B

Previous Appendix 3B details:

Announcement Date and Announcement Title Selected Appendix 3B to submit quotation Time request 27-Apr-2021 09:36 New - Proposed issue of Securities - A placement or other type of issue GNG

2.3a.2 Are there any further issues of +securities yet to take place to complete the transaction(s) referred to in the Appendix 3B?

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Yes

2.3a.3 Please provide details of the further issues of +securities yet to take place to complete the transaction(s) referred to in the Appendix 3B

Up to 2,634,860 Shares - issue date anticipated to be following 30 June 2022 and by no later than 31 October 2022

Application for quotation of +securities

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Application for quotation of +securities

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Part 3A - number and type of +securities to be quoted where issue has previously been notified to ASX in an Appendix 3B

Placement Details

ASX +security code and description GNG : ORDINARY FULLY PAID

Issue date

3/11/2021

Distribution Schedule

Provide a distribution schedule for the new +securities according to the categories set out in the left hand column - including the number of recipients and the total percentage of the new +securities held by the recipients in each category.

		Total percentage of +securities held
Number of +securities held	Number of holders	For example, to enter a value of 50%
		please input as 50.00
1 - 1,000		%
1,001 - 5,000		%
5,001 - 10,000		%
10,001 - 100,000		%
100,001 and over		%

Application for quotation of +securities

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Application for quotation of +securities

Issue details

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Number of +securities to be quoted 348,083

Are the +securities being issued for a cash consideration?

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No

Please describe the consideration being provided for the +securities

Issued as deferred consideration for the acquisition of MIPAC Holdings Pty Ltd, announced to ASX on 27 April 2021, based on the achievement of earnings criteria agreed by the entity and the sellers.

Please provide an estimate (in AUD) of the value of the consideration being provided per +security for the +securities to be quoted 627,895.010000

Any other information the entity wishes to provide about the +securities to be quoted

The 30 Day VWAP adopted for the issue of the securities was $1.8039. Refer to Appendix 3B dated 27 April 2021 for further details of the deferred consideration payable to the sellers of MIPAC Holdings Pty Ltd.

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Application for quotation of +securities

Part 4 - Issued capital following quotation

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Following the quotation of the +securities the subject of this application, the issued capital of the entity will comprise:

(A discrepancy in these figures compared to your own may be due to a matter of timing if there is more than one application for quotation/issuance currently with ASX for processing.)

4.1 Quoted +securities (total number of each +class of +securities quoted on ASX following the +quotation of the +securities subject of this application)

	Total number of
ASX +security code and description	+securities on issue
GNG : ORDINARY FULLY PAID	161,231,951
4.2 Unquoted +securities (total number of each +class of +securities	issued but not quoted on ASX)
	Total number of
ASX +security code and description	+securities on issue
GNGAQ : PERFORMANCE RIGHTS	4,645,000
GNGAA : SHARE APPRECIATION RIGHTS	864,447

4.2 Unquoted +securities (total number of each +class of +securities issued but not quoted on ASX)

Application for quotation of +securities

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