EROAD Limited Ordinary Shares
ERD.NZXInformation Technology
EROAD has created an electronic solution to manage and pay Road User Charges (RUC), support regulatory compliance and provide value-added commercial services to the heavy vehicle industry. In 2009, EROAD implemented the world's first network-wide GPS/cellular-based road user charging system, which modernised the existing paper-based RUC regime in New Zealand. The EROAD system consists of a secure electronic distance recorder (Ehubo), combined with a bank-grade payment gateway and services portal. We undertake design and manufacture of our Ehubos, as well as software development, from our headquarters in Auckland. EROAD's successful New Zealand reference site provided it with the opportunity to enter the international market. In 2014 we commercially launched in Oregon, becoming the first approved electronic Weight-Mile Tax (WMT) service provider in North America. We also entered the Australian market with a commercial services offering. For more information please visit www.eroad.com.
Market Data
$0.975
-0.0%$184.3M
-1.1x
$-0.859
0.00%
-0.3%
Latest Earnings
EROAD 2026 Annual Shareholders Meeting Results
25 June 2026
EROAD held its Annual Shareholders' Meeting on 24 June 2026 in Auckland, with shareholders passing only three of seven resolutions. Notably, shareholder-nominated directors Scott Smith and Steve Hammond failed to gain election, and attempts to remove incumbent directors John Scott and Sara Gifford were also defeated, suggesting a contested board situation. The only substantive resolutions passed were the elections of Ryan Brosnahan and Ian Whiting as directors, and the auditor remuneration authority. Key points: Ryan Brosnahan elected as Director with 66.36% support; Ian Whiting elected as Director with 70.60% support; Auditor remuneration resolution passed with near-unanimous 99.97% support
Recent Announcements
Director Independence Determination – Ian Whiting
EROAD Limited's Board has determined that Ian Whiting, elected as a Non-Executive Director at the June 24, 2026 Annual Shareholders' Meeting, meets the independence requirements under NZX Listing Rules, despite being nominated by shareholder Ampfield Holdings, L.P.
Capital Change Notice - Issue of shares
EROAD Limited issued 359,648 ordinary shares on 1-2 July 2026 (0.19% of total class) through vesting under its Long Term Incentive Plan based on board resolutions from June 2023 and June 2026, with shares ranking equally with existing shares and issued for nil consideration.
Ongoing Disclosure Notice - Mark Heine
Mark Lee Heine, Former CEO of EROAD Limited, sold 542,913 ordinary shares on 25-26 June 2026 for $554,012.43, reducing his holding from 1,109,565 shares to 566,652 shares.
SPH Notice - Anthony Henry Kandziora
Anthony Henry Kandziora changed substantial holding from 5.14% to 6.26%.
EROAD 2026 Annual Shareholders Meeting Results
EROAD held its Annual Shareholders' Meeting on 24 June 2026 in Auckland, with shareholders passing only three of seven resolutions. Notably, shareholder-nominated directors Scott Smith and Steve Hammond failed to gain election, and attempts to remove incumbent directors John Scott and Sara Gifford were also defeated, suggesting a contested board situation. The only substantive resolutions passed were the elections of Ryan Brosnahan and Ian Whiting as directors, and the auditor remuneration authority. Key points: Ryan Brosnahan elected as Director with 66.36% support; Ian Whiting elected as Director with 70.60% support; Auditor remuneration resolution passed with near-unanimous 99.97% support
EROAD 2026 Annual Shareholders Meeting Addresses
EROAD Limited held its 2026 Annual Shareholders Meeting on 24 June 2026, presenting financial results and strategic updates. With 59.6% of shares voted ahead of the meeting and over 64% of those votes supporting Board recommendations, non-recommended resolutions from Ampfield Holdings, L.P. are expected to fail.
Ongoing Disclosure Notice - Mark Heine
Mark Lee Heine, former Chief Executive Officer of EROAD Limited, received 555,626 ordinary shares on 19 June 2026 pursuant to the company's Long Term Incentive Plan, increasing his holding from 553,939 to 1,109,565 shares.
EROAD Limited (“ERD”) – Announcement Retracted
NZX Product Operations retracted an announcement released by EROAD Limited (ERD) at 8:36am on 22 June 2026 because it was a duplicate of an earlier release issued at 8:30am.
SPH Notice - Ampfield Management, L.P.
Ampfield Management, L.P changed substantial holding from 16.46% to 17.11%.
SPH Notice - Ampfield Management, L.P
Ampfield Management, L.P changed substantial holding from 16.46% to 17.11%.
Get real-time alerts for ERD
Receive AI-powered earnings summaries and instant notifications when EROAD Limited Ordinary Shares releases results.
Register Free