Ann: Change of Director's Interest Notice x3, page-7

How did gianmarco biagi & jacopo merli get so many shares in vection technology? - together they hold 428,000,000 shares. What percentage of the company is this?

ChatGPT said:

Gianmarco Biagi and Jacopo Merli together control 428 million shares in Vection Technologies. Here's how that translates into a percentage of the company:

Outstanding Shares Snapshot

• According to a company research file from January 2025, Vection Technologies has 1.3505 billion shares outstanding vection-technologies.com.

• Other platforms list shares outstanding at slightly higher figures:

  • ~1.767 billion in.investing.com**promotion blocked**.au

Percentage Ownership

Using both estimates gives a meaningful ownership range:

	Estimate of Outstanding Shares	Calculation	% Owned
1	1,350,500,000	428,000,000 ÷ 1,350,500,000	31.7%
2	1,767,000,000	428,000,000 ÷ 1,767,000,000	24.2%

Summary

• If you use 1.35 billion as the base, they own about 31.7% of the company.

• If you use 1.77 billion, their stake is closer to 24.2%.

The true percentage likely falls between these figures. For a final figure, you'd need the most recent official share count from Vection Technologies’ latest reporting.

Context: How Did They Accumulate These Shares?

Both individuals acquired their stakes through a combination of early involvement and strategic corporate moves:

• Gianmarco Biagi has been with the company in senior leadership roles since its early days as MD & CEO, likely receiving shares as part of his compensation and acquisition processes announcements.asx.com.aumarketindex.com.au.

• Jacopo Merli joined via Vection's acquisition of JMC Group in 2021, where his ownership stake was rolled into Vection’s equity, giving him a substantial shareholding vection-technologies.com**promotion blocked**.

✅ Conclusion

• 428 million shares represents between 24% and 32% of the company.

• The exact percentage depends on the current total number of shares outstanding.

• Their large holdings are a result of early leadership roles, merger/acquisition terms, and share-based incentives.