Response to ASX Price and Volume Query

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Stock Orbital Corporation Ltd (OEC.ASX)
Release Time 8 Aug 2025, 12:25 p.m.
Price Sensitive Yes
 Orbital Corporation Responds to ASX Price Query
Key Points
  • Company not aware of any undisclosed information to explain recent trading
  • Announced new CEO and Head of Business Development appointments
  • Confirms compliance with Listing Rules
Full Summary

Orbital Corporation Ltd has responded to an ASX price query regarding the recent trading in its shares. The company stated that it is not aware of any information concerning it that has not been announced to the market which, if known by some in the market, could explain the recent trading in the company's securities. Orbital confirmed that on 26 May 2025, it announced the appointment of Mr Stephen Pearce as Chief Executive Officer to lead the transition of the company from engineering design to a fully integrated manufacturer of propulsion systems and related hardware for the growing tactical Unmanned Aerial Vehicle (UAV) defence sector. Additionally, on 1 August 2025, the company appointed Mr Steve Osborne as its new Head of Business Development - US & Europe, bringing more than 30 years of experience across the global defence aerospace sector. Orbital stated that it is in compliance with the Listing Rules, particularly Listing Rule 3.1.