THL – Conversion of Redeemable Ordinary Shares

Tourism Holdings Limited
Tel: +64 9 336 4299
The Beach House
Email: info@thlnz.co.nz
Level 1, 83 Beach Road
www.thlonline.com
Auckland City

PO Box 4293, Shortland Street

Auckland 1140, New Zealand



2 March 2018

NZX ANNOUNCEMENT
FOR IMMEDIATE RELEASE

TOURISM HOLDINGS LIMITED
Conversion of Redeemable Ordinary Shares to Ordinary Shares

1. Under the terms of the 2009 deed relating to the Tourism Holdings Limited Long Term Incentive Scheme,
281,600 redeemable ordinary shares have been converted to ordinary shares in thl. The following
information is given per Listing Rule 7.12:

Class of Security
ISIN
Ordinary Shares
NZHELE0001S9
Number issued 281,600
Issue price Payments totalling $369,845 have been
received by the company in respect of
the conversion of the shares.
281,600 redeemable ordinary shares
converted into ordinary shares. The
redeemable ordinary shares were paid
up to $0.01 when issued.
Prior to conversion into ordinary
shares, they had to be paid up in full.
The full issue price to be paid up was:
$2.57 for 81,600 shares
$0.64 for 200,000 shares

A cost of capital excess amount was
also payable in respect of the shares.

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Payment Cash
Amount paid up Fully paid
Principal terms of the securities issued The shares rank pari passu with the
existing quoted ordinary shares
Percentage of total class of securities
issued
0.23% (post allotment)
Reason for issue Two participants under the 2009 Long
Term Incentive Scheme (Gordon
Hewston and Kate Meldrum) requested
a transfer of certain of the redeemable
ordinary shares allocated to them
under the Scheme.

In accordance with the terms of the
scheme, upon the transfer of the
redeemable ordinary shares from THL
Corporate Trustee Limited (the Trustee
under the 2009 Long Term Incentive
Scheme) to the participants, the
281,600 redeemable ordinary shares
convert into 281,600 ordinary shares
Authority for issue Terms of the 2009 Long Term Incentive
Scheme previously adopted by the
board, and directors’ resolution
Terms of issue None
Number of securities in existence after
issue
121,451,202 ordinary shares
3,548,828 redeemable ordinary shares
Treasury stock N/A
Date of issue The 281,600 redeemable ordinary
shares were converted into ordinary
shares on 2 March 2018.
The original dates of issue for the
redeemable ordinary shares converted
were:
 81,600 on 4/04/2016
 200,000 on 15/03/2012

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Announcement authorised by:




Mark Davis
Chief Financial Officer
Tourism Holdings Limited

Direct Dial: +64 9 336 4212
Mobile: +64 27 444 0199