NZX Main Board – Notice pursuant to Listing Rule 7.12.1

NZX Main Board and Debt Market - Notice pursuant to Listing Rule 7.12.1

(a) Class of Security and ISIN: Issue of shares under the
Group’s 2018 Restricted Share
Scheme

(b) Number issued, acquired or redeemed: Issued 159,200 Restricted “G”
shares; and 238,800 Restricted
“H” shares

(c) Nominal value and issue price, acquisition price or
redemption price:
$1.90 per share

(d) Whether payment was in cash: N/A

(e) Any amount paid up: N/A

(f) Principal terms of the Securities (other than for Quoted
Securities), for example, the exercise price and exercise date
in respect of an Option, or the conversion price and
conversion date in respect of Convertible Securities or the
ranking of the Securities in relation to other Classes of
Securities:
Conversion price is $1.90.
Conversion date for Restricted
“G” shares is from 1 July 2021;
and for Restricted “H” shares is
from 1 January 2024.

(g) Percentage of the total Class of Securities issued, acquired
or redeemed:
88.4% of Restricted “G” shares;
and 88.4% of Restricted “H”
shares


(h) Reason for the issue, acquisition or redemption: under the Group’s 2018
Restricted Share Scheme

(i) Specific authority for the issue, acquisition or redemption: Board Resolution

(j) Terms or details of the issue, acquisition or redemption: Option to convert on
qualification

(k) Total number of Securities of the Class in existence after the
issue, acquisition or redemption:
159,800 “G” Restricted sharers;
and 238,800 “H” Restricted
shares.

(l) In the case of an acquisition of shares by an Issuer which is a
company registered under the Companies Act 1993, whether
those shares are to be held as Treasury Stock:
N/A

(m) Dates of issue, acquisition or redemption: Issue Date: 1 November 2018


David Lazarus, Group Company Secretary. Phone: 021 449 965