Notice of provision of Financial Assistance
NOTICE OF PROVISION OF FINANCIAL
ASSISTANCE
Vector Limited (Vector) has had an employee share purchase scheme (the Scheme) since 2011.
The Scheme is designed to provide Vector’s employees with the opportunity to share in the future of
Vector as shareholders. The shares are acquired by employees through a trustee that administers the
scheme, at a market price.
In connection with the 2018 Scheme, Vector has given financial assistance for the purchase of shares
in Vector. The financial assistance has been provided under section 80 of the Companies Act 1993.
Under section 80(1)(b) of the Companies Act 1993, Vector is required to provide NZX Limited with the
following notice in respect of this financial assistance.
This notice is for information only and no action is required.
The details of the financial assistance provided by Vector are as follows:
Recipients of the financial
assistance
Employees of Vector who applied to acquire Shares under the
Scheme at a market price. The Shares are held by Vector ESPS
Trustee Limited as trustee for the participants in the Scheme.
Shares in respect of which
the financial assistance was
provided
71,162 ordinary shares in Vector (the Shares).
Consideration paid for the
Shares
$3.23 per Share.
Nature and amount of the
financial assistance
The financial assistance was given in the form of interest free loans to
participants in the Scheme, repayable over a three-year period under
the terms of the Scheme. The total amount of the loans made was
$229,853.26.
ENDS
MARKET RELEASE
18 December 2018
MEDIA RELEASE
18 December 2018
About Vector
Vector is New Zealand’s leading multi-network infrastructure company which delivers energy and communication
services to more than one million homes and businesses across the country.
Vector is listed on the New Zealand Stock Exchange with ticker symbol VCT. Our majority shareholder, with
voting rights of 75.1%, is Entrust.
For further information, visit www.vector.co.nz
Contact
MEDIA QUERIES:
Elissa Downey
External Relations
+64-9-213-0641
Mobile 021-866-146
ANALYST QUERIES:
Dan Molloy
Chief Financial Officer
64-9-213-5179
Mobile 021-441-311
Data sourced from publicly available filings. Our datasets may not be complete. Automated analysis can produce errors. If you believe any data on this page is incorrect, please contact us at hello@nzxplorer.co.nz. For informational purposes only. Not investment advice.
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