Conversion of Redeemable Ordinary Shares to Ordinary Shares

Tourism Holdings Limited
Tel: +64 9 336 4299
The Beach House
Email: info@thlnz.co.nz
Level 1, 83 Beach Road
www.thlonline.com
Auckland City

PO Box 4293, Shortland Street

Auckland 1140, New Zealand



7 December 2018

NZX ANNOUNCEMENT
FOR IMMEDIATE RELEASE

TOURISM HOLDINGS LIMITED
Conversion of Redeemable Ordinary Shares to Ordinary Shares

1. Under the terms of the 2009 deed relating to the Tourism Holdings Limited Long Term Incentive Scheme,
33,333 redeemable ordinary shares have been converted to ordinary shares in thl. The following
information is given per Listing Rule 7.12:

Class of Security
ISIN
Ordinary Shares
NZHELE0001S9
Number issued 33,333
Issue price A payment totalling $93,073 has been
received by the company in respect of
the conversion of the shares.

33,333 redeemable ordinary shares
converted into ordinary shares. The
redeemable ordinary shares were paid
up to $0.01 when issued.

Prior to conversion into ordinary
shares, they had to be paid up in full.
The full issue price to be paid up was
$2.57 per share.

A cost of capital excess amount was
also payable in respect of the shares.

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Payment Cash
Amount paid up Fully paid
Principal terms of the securities issued The shares rank pari passu with the
existing quoted ordinary shares.
Percentage of total class of securities
issued
0.03%
Reason for issue Dave Simmons, a participant under the
2009 Long Term Incentive Scheme
requested a transfer of certain of the
redeemable ordinary shares allocated
to him under the Scheme.

In accordance with the terms of the
scheme, upon the transfer of the
redeemable ordinary shares from THL
Corporate Trustee Limited (the Trustee
under the 2009 Long Term Incentive
Scheme) to Dave Simmons, the 33,333
redeemable ordinary shares convert
into 33,333 ordinary shares.
Authority for issue Terms of the 2009 Long Term Incentive
Scheme previously adopted by the
board, and directors’ resolution
Terms of issue None
Number of securities in existence after
issue
123,773,496 ordinary shares
2,325,495 redeemable ordinary shares
Treasury stock N/A
Date of issue The 33,333 redeemable ordinary
shares were converted into ordinary
shares on 7 December 2018.
The original date of issue for the
redeemable ordinary shares converted
was 4 April 2016.

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Announcement authorised by:




Grant Webster
Chief Executive
Tourism Holdings Limited

Direct Dial: +64 9 336 4255
Mobile: +64 21 449 210