TNR – Allotment of Unlisted Options
6 March 2017
Client Market Services
NZX Limited
Level 1, NZX Centre
11 Cable Street
Wellington
ISSUE OF TURNERS LIMITED UNLISTED OPTIONS
For the purposes of Listing Rule 7.12.1, Turners Limited advises the following securities have been issued:
a Class of security
ISIN
Unlisted share options
Not Applicable
b Number issued 1,002,692
c Nominal value
Issue price
Not applicable
Nil
d Payment terms Not applicable
e Amount paid up Not applicable
f Principal terms of the securities The share options are exercisable in four tranches of 250,673, and vest on
1 June 2017 (expiring 31 May 2018), 1 June 2018 (expiring 31 May 2020),
1 June 2019 (expiring 31 May 2021) and 1 June 2020 (expiring 31 May
2022), at an exercise price of $2.99195 each. Each share option can be
converted into one ordinary share in Turners Limited on exercise. The
exercise price is subject to adjustment under the Turners Limited Option
Plan. Any options exercised will convert to shares on the same terms and
ranking equally with the existing ordinary shares in Turners Limited.
g Percentage of class of securities 100%
h Reason for issue Options issued to Todd Hunter under employee share scheme
i Authority for issue Board resolution
j Terms of issue As above
k Number of securities in existence after
issue
74,523,527 ordinary shares and 1,002,692 unlisted share options
l Treasury stock 109,366
m Date of issue As at 3 March (but subject to vesting dates as specified above).
Yours faithfully
Turners Limited
Grant Baker
Chairman
Data sourced from publicly available filings. Our datasets may not be complete. Automated analysis can produce errors. If you believe any data on this page is incorrect, please contact us at hello@nzxplorer.co.nz. For informational purposes only. Not investment advice.
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