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Turners Automotive Seeks ASX Quotation for 50,000 New Shares Under Staff Scheme

Story Highlights
  • Turners Automotive Group is a New Zealand-based vehicle sales and services company listed on NZX and ASX.
  • The company has applied to quote 50,000 new ordinary shares on the ASX, issued via an employee incentive scheme to support staff alignment and retention.
  • Looking for the best stocks to buy? Follow the recommendations of top-performing analysts.
Turners Automotive Seeks ASX Quotation for 50,000 New Shares Under Staff Scheme

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Turners Automotive Group Ltd ( (AU:TRA) ) has provided an update.

Turners Automotive Group Limited has applied for quotation on the ASX of 50,000 additional ordinary fully paid shares under its code TRA, with the new securities issued on 29 January 2026. The shares, which have been issued under an employee incentive scheme, will be quoted on the ASX and reflect the company’s ongoing use of equity-based compensation to align staff interests with shareholders and support talent retention in a competitive automotive and financial services market.

More about Turners Automotive Group Ltd

Turners Automotive Group Limited is a New Zealand-based company in the automotive sector, listed on both the NZX and as a foreign exempt issuer on the ASX under the code TRA. The company operates in vehicle-related markets, with its primary activities centred on the sale and financing of motor vehicles and related automotive services across New Zealand.

Average Trading Volume: 350

Technical Sentiment Signal: Buy

Current Market Cap: A$666.5M

See more insights into TRA stock on TipRanks’ Stock Analysis page.

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