Sanford Limited – Continuous Disclosure
22 February 2017
NZX Announcement
Long Term Incentive Plan
Sanford has today extended its long term incentive plan (LTI Plan) for its Chief Executive
Officer, Mr Volker Kuntzsch.
Under the ongoing LTI Plan, Mr Kuntzsch will be granted performance share rights, subject to
performance hurdles to be determined by the Board from time to time. Mr Kuntzsch must
also remain employed with Sanford for three years.
Each performance share right will give Mr Kuntzsch the right to one ordinary share in Sanford
on exercise. On exercise, no consideration is payable by Mr Kuntzsch for each share in
Sanford allotted to him. Mr Kuntzsch has agreed that following exercise of the performance
share rights and for so long as he remains employed by Sanford, he will only sell a number of
shares necessary to satisfy his tax obligations on exercise of the performance share rights.
The Board has determined to make a grant of 38,525 performance share rights to
Mr Kuntzsch for the 2017 year.
Paul Norling
Chairman
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