Notice of Change in Issued Securities – Issue of Options

NOTICE OF CHANGE IN ISSUED SECURITIES – ISSUE OF OPTIONS TO ACQUIRE
ORDINARY SHARES
Pursuant to Listing Rule 7.3.6 and Listing Rule 7.12.1
Company: Pacific Edge Limited ISIN NZPEBE0002S1
Date: 16 August 2018
Date of Issue: 16 August 2018
Issued Capital Prior To Issue (Previous Issued Capital – Listed): 474,517,139
(1) The following options issued to certain employees of the Company and its subsidiaries
(Option Holders) to acquire up to:
a. 82,500 Ordinary Shares in the Company to vest over a period of 3 years (A
Incentive Options); and
b. 70,000 Ordinary Shares in the Company to vest over a period of 3 years (B
Incentive Options),
on issue and otherwise on the Terms of Issue set out below (together referred to as the
Options).
Issued Capital Subsequent To Issue (Total Issued Capital): 474,517,139
Classes of Security Issued:
(1) Options to acquire Ordinary Shares.
Issue Price:
(1) For both the A Incentive Options and the B Incentive Options, an issue price of
NZD$0.28 per share payable in cash on the issue of Ordinary Shares to the relevant
option holder pursuant to the exercise of their Options.
Percentage Issued: N/A
Terms of Issue:
A Incentive Options
c. Subject to the continuous employment of the relevant Option Holder with either
the Company or a subsidiary of the Company, one third of the A Incentive ptions
available to the relevant Option Holder will vest in the Option Holder each year,
on the first three anniversaries of their Date of Employment/Effective Date as
recorded in the Schedule of the relevant Option Agreement. If the Option
Holder's employment ceases then they will receive a fractional entitlement based
on their length of service during the relevant year.
d. Consideration of NZD$0.28 per share is payable in cash on the exercise of any
of the A Incentive Options.
2669747

- 2 -
c. Any shares issued pursuant to the A Incentive Options will rank pari passu with
existing ordinary shares in the Company.
B Incentive Options
e. Subject to the continuous employment of the relevant Option Holder with either
the Company or a subsidiary of the Company, one third of the B Incentive
Options available to the relevant Option Holder will vest in the Option Holder
each year, on the first three anniversaries of their Date of Employment/Effective
Date as recorded in the Schedule of the relevant Option Agreement. If the Option
Holder's employment ceases (other than by reason of death or disability) they
will receive a fractional entitlement based on their length of service during the
relevant year. If the Option Holder dies or ceases employment with the Company
or a subsidiary of the Company due to disability then all of the B Incentive
Options that have not yet vested will immediately vest in the Option Holder as at
the date of death or disability.
f. The B Incentive Options will vest upon their issue and may be exercised within a
period of ten years from the date of issue.
g. Consideration of NZD$0.28 per share is payable in cash on the exercise of any
of the B Incentive Options.
Reason: Pursuant to sections 42 and 49 of the Companies Act 1993 and Listing Rule 7.3.5.

Chris Gallaher
Chairman
Pacific Edge Limited

2669747