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MPG – Notification of change to LTI scheme allotments

NZX Compliance1 March 2018MPGReal Estate

METRO PERFORMANCE GLASS
 

 

 

NZX.MPG, ASX.MPP                                 1 March 2018 

Notification of change to allotment 

 

For the purposes of Listing Rule 7.12.1 of the NZSX Listing Rules, Metro Performance Glass Limited (“Metro Glass”) advises the 

following performance rights have lapsed and are hereby cancelled: 

 

Class of securities cancelled Performance rights over ordinary shares in Metro Glass 

ISIN N/A 

Number of securities cancelled 121,815 

Issue price Nil 

Payment in cash? Nil 

Any amount paid up (if not in full) N/A 

Percentage of total class cancelled 13.4% of Total Performance Rights 

Reason for the cancellation Lapse of Performance Rights 

Specific authority for the cancellation Plan rules and directors’ resolution 

Terms or details of the cancellation Certain participants in Metro Performance Glass Limited’s Performance Rights 

Plans ceased to be employed by the Company. As per the plan rules a number 

of Performance Rights have now lapsed and are hereby cancelled.  

 

The fourth issue of Performance Rights was issued on 3 August

 2017 and a 

summary of the terms (including performance hurdles and applicable 

measurement dates) were set out in the NZX announcement made on that date. 

Total number of securities of the class 

in existence after the cancellation 

2016 Performance Rights Plan: 120,791 

2017 Performance Rights Plan: 205,930 

2018 Performance Rights Plan: 459,988 

Total Performance Rights: 786,709 

Date of cancellation 1 March 2018 

 

For the purposes of Listing Rule 7.12.1 of the NZSX Listing Rules, Metro Glass advises the following options have lapsed and are 

hereby cancelled: 

  

Class of securities cancelled Options over ordinary shares in Metro Glass  

ISIN N/A 

Number of securities cancelled 494,729 

Issue price Nil 

Payment in cash? Nil 

Any amount paid up (if not in full) N/A 

Percentage of total class cancelled 10.8% of Total Share Options 

Reason for the cancellation Lapse of Share Options 

Specific authority for the cancellation Plan rules and directors’ resolution 

Terms or details of the cancellation Certain participants in Metro Performance Glass Limited’s Share Option Plans 

ceased to be employed by the Company. As per the plan rules a number of 

Share Options have now lapsed and are hereby cancelled. 

 

The fourth issue of Share Options was issued on 3 August

 2017 and a summary 

of the terms (including performance hurdles, exercise price and applicable 

measurement dates) were set out in the NZX announcement made on that date. 

Total number of securities of the class 

in existence after the cancellation 

2016 Share Option Plan: 822,159 

2017 Share Option Plan: 1,106,663 

2018 Share Option Plan: 2,168,907 

Total Share Options: 4,097,729 

Date of cancellation 1 March 2018 

 

 

Andrew Paterson 

Company Secretary

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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