MPG – Notification of change to LTI scheme allotments
METRO PERFORMANCE GLASS
NZX.MPG, ASX.MPP 4 April 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 99,874
Issue price Nil
Payment in cash? Nil
Any amount paid up (if not in full) N/A
Percentage of total class cancelled 12.7% 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 (vested)
2017 Performance Rights Plan: 169,872
2018 Performance Rights Plan: 396,172
Total Performance Rights: 686,835
Date of cancellation 4 April 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 984,211
Issue price Nil
Payment in cash? Nil
Any amount paid up (if not in full) N/A
Percentage of total class cancelled 24.0% 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 (vested)
2017 Share Option Plan: 706,663
2018 Share Option Plan: 1,584,696
Total Share Options: 3,113,518
Date of cancellation 4 April 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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