Share Conversion
14 November 2017
NZAX Announcement
Share Conversion
Lateral Corporation Limited (NZX:LAT) has today converted 7,960,501 ordinary shares with no voting
rights into ordinary shares with voting rights. All non-voting shares in LAT are currently held by
Trinity Portfolio Limited.
The non-voting shares were issued as part of the share issue approved by LAT shareholders at a
special meeting of shareholders held on 7 August 2017. Under the terms of issue of the non-voting
shares they automatically become voting shares whenever (and to the extent of) Tasman Capital,
GTNZ, and the respective associates holding less than 90% of all voting rights.
Trinity Portfolio Limited has undertaken an off market transfer of shares to a non-associated person,
with the implication that the Non-Voting Shares have converted to the Shares.
Full particulars of the share conversion are set out below.
For and on behalf of the Board.
Ka Wo Chan
Chairman
Class of Security Ordinary shares with voting rights
ISIN: NZLATE0001S2
Number converted 7,960,501
Issue price N/A
Payment in cash N/A
Fully paid Yes
Percentage of class 1.546%
Authority for the issue Shareholder approval of issue of non-voting
shares on 7 August 2017
Total number of non-voting shares on
issue following conversion
0
Total number of voting shares on issue
following conversion
514,894,500
Date of conversion 14 November 2017
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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