Snakk Media Options Allotment Notice

100255659/5680786.1
Template for Rule 56 - Allotment Notice
NOTE: This form must be completed by a NXT company and released to NZX immediately after:
• an issue of equity securities (which includes issue on conversion) or issue of securities
convertible into equity securities; or
• a redemption or acquisition of equity securities

This form must be attributed to a director or senior manager of the NXT company. All cash amounts
must be expressed in New Zealand Dollars (NZD) and to 6 decimal places.

Name of
NXT company
and
NZX
ticker code
SNAKK MEDIA LIMITED (SNK)

Date

29/05/18


Class of
security
ISIN
OPTIONS Not Applicable – securities not quoted

Number issued/acquired/redeemed/ Date of issue/acquisition/redemption/conversion
795,000
29/05/18


Issue/acquisition/redemption/ price

Nature of the payment (for example, cash or
other consideration)
Nil payable on issue of the Options NA

Amount paid up (if not in full) Percentage of total class of
securities

issued/acquired/redeemed/
converted
1

Not applicable 54.73%

Reason for issue/acquisition/redemption/
conversion
and specific authority for
issue/acquisition/redemption/
conversion
(if any)
The options were issued to Management of the Company pursuant to a directors’ resolution dated
29 May
2018
.

Total number of
securities
of the class in existence after issue/acquisition/redemption/
conversion

1,452,628 options (treating all options on issue as a single class of securities)


1
The percentage is to be calculated after the issue, acquisition, redemption or conversion has occurred

100255659/5680786.1
2
In the case of an acquisition of
shares
, whether those
shares
are to be held as
treasury stock

N/A

Principal terms of the
securities
, if the
securities
are not
quoted
(for example: if options – exercise price
and exercise date; if
convertible

securities
–
conversion
price and
conversion
dates)
The terms of the issue are set out in the attached schedule

Specific authority for the issue, acquisition, redemption or
conversion
, including a reference to the rule
pursuant to which the issue, acquisition, redemption or
conversion
is made
Pursuant to a directors’ resolution dated
29 May 2018
to issue the options under paragraph 3 of Schedule
3B to the NXT Market Rules and pursuant to a shareholders’ resolution passed at the
special meeting of
the Company held on 25 February 2016 to approve the issue of the options under Rule 26
.

Terms or details of the issue, acquisition, redemption or
conversion
(for example: restrictions, escrow
arrangements)
Vesting Dates and Exercise Periods as per Schedule Attached



Authority for this announcement

Name of
senior manager
or
director
authorised to make this announcement
Joel Williams, Chief Executive
Contact phone number +61 429 155 202
Contact email address Joel.williams@snakkmedia.com
Date of
release 29/05/18



Snakk Media Limited’s shares can be traded on the NXT Market. Snakk Media Limited is required to disclose
information under the NXT Market Rules. Information about the NXT Market and the NXT company is available
here www.nxt.co.nz.

100255659/5680786.1
3
SCHEDULE

The Options are issued subject to the terms of Snakk’s employee share option plan and on
the terms set out in an Option Allocation Deed entered into between Snakk and each
Option holder. The principal terms of issue of the Options are as follows:

(a) each Option entitles the holder to acquire one ordinary share in the Company;

(b) the exercise price payable in respect of each Option, so as to acquire one ordinary
share in the Company, is NZ 6.1 cents;

(c) The Options shall become exercisable by the holder as follows:

(i) one third of the Options shall vest on 29 May 2019;

(ii) one third of the Options shall vest on 29 May 2020;

(iii) one third of the Options shall vest on 29 May 2021;

Each tranche of Options may only be exercised in the period commencing on the
date on which the respective tranche of Options become exercisable by the
respective holder of the Options, and ending on 29 May 2022 (Exercise Period);

(e) Should the services of the holder of an Option cease to be retained by the Company
or a subsidiary of the Company prior to a tranche of Options vesting in the holder,
then those Options that have not become exercisable at that time shall terminate;

(f) any Options which are not exercised during the Exercise Period shall lapse;

(g) shares issued upon exercise of an Option shall be credited as fully paid and rank
equally in all respects with shares on issue at the relevant exercise date (except for
any dividend or other entitlement where the entitlement date occurs prior to the
exercise date);

(h) the Options are not transferable without the prior approval of the Company in writing;

(i) the Options shall confer on the holder the right to participate in rights issues
undertaken by the Company;

(j) the holders of the Options will not be entitled to vote at any meeting of the
shareholders of the Company;

(k) on any consolidation, subdivision or other reconstruction of shares the number of
shares over which each Option is exercisable will be adjusted in proportion to the
reconstruction, and the exercise price will remain unchanged;

(l) if, during the Exercise Period, the Company undertakes a bonus issue to the
shareholders of the Company, the number of shares over which each Option is
exercisable will be increased (or, at the election of the holder, additional shares may
be reserved for issue on the exercise of the option) by the number of shares which
the holder would have received if the option had been exercised before the record
date for the bonus issue. The total exercise price shall remain unchanged however.