• Clover to acquire up to 3,264,167 shares on-market to satisfy future Employee Share Plan requirements
• Acquisition represents 1.95% of issued capital and aims to align employee performance with shareholder interests
• Shares will be acquired over 0-24 months at a price not more than 5% above the 10-day VWAP

Clover Corporation Limited (ASX:CLV) has advised that CPU Share Plans Pty Ltd, as trustee of the Clover Employee Share Plan Trust, has been instructed to acquire a maximum of 3,264,167 fully paid ordinary Clover shares on-market. This acquisition is for the purpose of satisfying possible future Employee Share Plan requirements, including 426,801 performance rights granted in 2024, 1,433,706 performance rights granted in 2025, and 1,403,660 performance rights granted in 2026. All vesting of these performance rights is subject to satisfying previously disclosed conditions. The acquisition, which was approved by shareholders at the 2025 AGM, represents 1.95% of Clover's issued capital. The shares will be acquired over a period of 0-24 months at a price not more than 5% above the volume weighted average price (VWAP) of the preceding 10 days. Clover has historically issued additional shares to meet vesting requirements, which has diluted existing shareholders' interests. The Employee Share Plan has been designed to align performance with shareholder interest. The acquisition will be conducted in a manner that complies with relevant regulations.