TRA – Notice of Allotment of Securities

100338161/6600671.2

1 October 2018
Client Market Services
NZX Limited
Level 1, NZX Centre
11 Cable Street
Wellington
NOTIFICATION OF ALLOTMENT OF SECURITIES
For the purposes of Listing Rule 7.12.1, Turners Automotive Group Limited (Turners)
advises the following securities have been issued on 1 October 2018, including ordinary
shares issued in connection with the conversion by holders of its interest bearing secured
convertible bonds (NZX: TRAHB) (Bonds) (Conversion Shares), and certain other ordinary
shares issued pursuant to the Turners Group’s dealer loyalty share schemes (Other
Shares).
Conversion Shares
a Class of security Ordinary shares
ISIN NZVNLE0001S1
b Number issued 4,646,037
c Nominal value Not applicable
Issue Price Issued on conversion of the Bonds, determined as
the principal amount of the Bonds divided by
$2.85 per share
d Payment terms Issued on conversion of the Bonds as paid in full
e Amount paid up Fully paid ordinary shares
f Principal terms of the securities The shares have identical rights, privileges,
limitations and conditions as, and rank equally
with, the existing ordinary shares
g Percentage of class of securities 5.194% (post allotment of the securities referred
to in this allotment notice)
h Reason for issue Conversion of Bonds by holders
i Authority for issue Board resolution dated 20 August 2016 and
shareholder resolution passed on 17 September
2016
j Terms of issue Ordinary shares issued in accordance with the
Trust Deed for the Bonds dated 22 August 2016
Other Shares
a Class of security Ordinary shares
ISIN NZVNLE0001S1
b Number issued 31,666

100338161/6600671.2
2
c Nominal value Not applicable
Issue Price $2.83
d Payment terms Not applicable
e Amount paid up Fully paid ordinary shares
f Principal terms of the securities The shares have identical rights, privileges,
limitations and conditions as, and rank equally
with, the existing ordinary shares
g Percentage of class of securities 0.035% (post allotment of the securities referred
to in this allotment notice)
h Reason for issue Issued pursuant to the Turners Group’s dealer
loyalty share schemes
i Authority for issue Board resolution dated 1 October 2018
j Terms of issue Ordinary shares

Conversion Shares and Other
Shares
k Number of securities in 89,480,315
existence after issue of Conversion
Shares and Other Shares
l Treasury stock Not applicable
m Date of issue 1 October 2018

Yours faithfully
Turners Automotive Group Limited

Barbara Badish
Group Financial Controller