Issue of ordinary shares and performance rights

NZX Limited
Level 1, NZX Centre
11 Cable Street
PO Box 2959
Wellington 6140
New Zealand
Tel +64 4 472 7599

www.nzx.com

15 March 2019

Issue of ordinary
shares and performance rights to employees of NZX Limited
(NZX) and redemption of employee restricted shares


NZX advises that it has issued $1,000 worth of ordinary shares (gross of tax) in NZX to each of
its employees as at 1 February 2019 who have joined NZX since NZX’s previous issue of
$1,000 worth of ordinary shares to employees as at 15 June 2018.

NZX also advises that it has converted employee restricted shares into ordinary shares in NZX
pursuant to the terms of the NZX Limited Employee Share Plan – Team and Results. These
employee restricted shares were issued in 2016 under the Team section of the plan and
became eligible for vesting on 31 December 2018.

NZX also advises that it has redeemed employee restricted shares pursuant to the terms of the
NZX Limited Employee Share Plan – Team and Results. These employee restricted shares
were issued in 2014, 2015, 2016 and 2017 under the Results and Team sections of the plan
and did not become eligible for vesting, either because participants have left NZX or because
NZX did not meet the performance hurdles for the employee restricted shares issued in 2014,
2015 and 2016 under the Results section of the plan to vest.

NZX also advises that it has issued performance rights to the members of its executive and
management teams pursuant to NZX’s Long Term Incentive Plan. Under the plan, holders may
be issued performance rights. The performance rights give the holder options to acquire
ordinary shares in NZX, which may be exercised if the performance rights vest. The vesting
period for the performance rights is 1 January 2019 to 31 December 2021.

The total number of ordinary shares on issue is now 272,069,794.

The total number of employee restricted shares on issue is now 796,938.

The total number of performance rights on issue is now 3,053,447.


The attached information is supplied pursuant to NZX Listing Rule 3.13.1.

For further information, please contact:
Hannah Lynch
Head of Communications
T: 09 308 3710
M: 021 252 8990
E: hannah.lynch@nzx.com

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NZX Limited
Level 1, NZX Centre
11 Cable Street
PO Box 2959
Wellington 6140
New Zealand
Tel +64 4 472 7599

www.nzx.com
Page 1 of 2

15 March 2019
Notice of issue of ordinary shares to employees of NZX Limited (NZX)

This notice is given under NZX Listing Rule 3.13.1 and relates to the issue of $1,000 worth of
ordinary shares (gross of tax) in NZX to every permanent employee of NZX (full-time and part-
time) as at 1 February 2019 who has joined NZX since NZX's previous issue of $1,000 worth of
ordinary shares to employees as at 15 June 2018 (
Specified Employees
).
Section 1: issuer information
Name of issuer NZX Limited
NZX ticker code NZX
Class of Financial Product NZX Limited Ordinary Shares
ISIN NZNZXE0001S7
Section 2: capital change details
Number issued 19,273
Nominal value (if any) N/A
Issue price No consideration is payable for the issue of the NZX
Limited Ordinary Shares
Nature of the payment N/A
Amount paid up Fully paid
Percentage of total class of Financial
Products issued
0.0071% (as a percentage of NZX Limited Ordinary
Shares in existence immediately prior to this issue
and the issue of 279,152 NZX Limited Ordinary
Shares to participants in the NZX Limited Employee
Share Plan – Team and Results, to four decimal
places)
For an issue of Convertible Financial
Products or Options, the principal terms
of Conversion or the Option
N/A
Reason for issue and specific authority
for issue
The issue of the shares will: (1) increase the
engagement of Specified Employees; (2) encourage
cultural change in order to deliver on NZX's strategy;
and (3) align the interests of Specified Employees
with that of NZX's shareholders, by encouraging
them to think like shareholders.
Total number of Financial Products of
the Class after the issue and the total
number of Financial Products of the
Class held as Treasury Stock after the
issue.
272,069,794 NZX Limited Ordinary Shares (includes
the issue of 279,152 NZX Limited Ordinary Shares to
participants in the NZX Limited Employee Share Plan
– Team and Results)

Page 2 of 2

In the case of an acquisition of shares,
whether those shares are to be held as
treasury stock
No
Specific authority for the issue Resolution of directors dated 14 February 2019
Terms or details of the issue The terms of the issue of shares are: (1) Specified
Employees will be issued $1,000 (gross of tax) worth
of the NZX Limited Ordinary Shares in a one-off
grant; (2) Specified Employees will not be able to
decline the grant of shares; (3) the number of shares
a Specified Employee receives will be determined by
reference to the volume weighted average price of
the NZX Limited Ordinary Shares on the NZX Main
Board during the five business days before the issue
date; (4) there will be no performance, tenure or
other requirement placed on any Specified Employee
in order to receive the shares; (5) Specified
Employees will not pay any consideration, whether in
cash in otherwise, for the shares; and (6) there will
be no restrictions on the shares once they have been
transferred to a Specified Employee.
Date of issue 15/03/2019
Section 3: authority for this announcement
Name of person authorised to make this
announcement
Hannah Lynch
Head of Communications
Contact phone number T: 09 308 3710
M: 021 252 8990
Contact email address hannah.lynch@nzx.com
Date of release via MAP 15/03/2019

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NZX Limited
Level 1, NZX Centre
11 Cable Street
PO Box 2959
Wellington 6140
New Zealand
Tel +64 4 472 7599

www.nzx.com
Page 1 of 2

15 March 2019
Notice of issue of performance rights to employees of NZX Limited (NZX)
This notice is given under NZX Listing Rule 3.13.1 and relates to the issue of performance
rights to members of NZX’s executive and management teams pursuant to NZX’s Long Term
Incentive Plan.
Section 1: issuer information
Name of issuer NZX Limited
NZX ticker code NZX
Class of Financial Product Performance rights which give the holder options to
acquire NZX Limited Ordinary Shares.
ISIN N/A
Section 2: capital change details
Number issued 1,041,514 performance rights

Nominal value (if any) N/A
Issue price No consideration is payable for the issue of the
performance rights
Nature of the payment N/A
Amount paid up N/A
Percentage of total class of Financial
Products issued
51.7668% (as a percentage of performance rights in
existence immediately prior to this issue, to four
decimal places)
The principal terms of Conversion or the
Option
Issue of performance rights pursuant to NZX’s Long
Term Incentive Plan. The performance rights give the
holder options to acquire NZX Limited Ordinary
Shares, which may be exercised if the performance
rights vest. An executive team member’s
performance rights will vest if NZX meets
performance hurdles in respect of its total return to
shareholders and the growth in its earnings per
share, and on the executive team member remaining
an employee of the NZX Group for the duration of the
three year vesting period. A management team
member’s performance rights will vest on the
management team member remaining an employee
of the NZX Group for the duration of the three year
vesting period

Page 2 of 2

Reason for issue and specific authority
for issue
Issue of performance rights pursuant to NZX’s Long
Term Incentive Plan, as authorised by the resolution
of directors dated 14 February 2019
Total number of Financial Products of
the Class after the issue (excluding
Treasury Stock) and the total number of
Financial Products of the Class held as
Treasury Stock after the issue.
3,053,447 performance rights
In the case of an acquisition of shares,
whether those shares are to be held as
treasury stock
No
Specific authority for the issue Resolution of directors dated 14 February 2019
Terms or details of the issue See “The principal terms of Conversion or the
Option” above.
Date of issue 15/03/2019
Section 3: authority for this announcement
Name of person authorised to make this
announcement
Hannah Lynch
Head of Communications
Contact phone number T: 09 308 3710
M: 021 252 8990
Contact email address hannah.lynch@nzx.com
Date of release via MAP 15/03/2019

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NZX Limited
Level 1, NZX Centre
11 Cable Street
PO Box 2959
Wellington 6140
New Zealand
Tel +64 4 472 7599

www.nzx.com
Page 1 of 2

15 March 2019
Notice of redemption of employee restricted shares

This notice is given under NZX Listing Rule 3.13.1 and relates to the redemption of employee
restricted shares under the NZX Limited Employee Share Plan – Team and Results.
Section 1: issuer information
Name of issuer NZX Limited
NZX ticker code NZX
Class of Financial Product Employee restricted shares
ISIN N/A
Section 2: capital change details
Number redeemed 1,255,818
Nominal value (if any) N/A
Redemption price $1.2322 (2014 shares), $1.1672 (2015 shares),
$1.0210 (2016 shares) and $1.0164 (2017 shares)
Nature of the payment Cash
Amount paid up Fully paid
Percentage of total class of Financial
Products redeemed
53.8537% (as a percentage of employee restricted
shares in existence immediately prior to this
redemption and the conversion of 279,152 employee
restricted shares into NZX Limited Ordinary Shares
pursuant to the terms of the NZX Limited Employee
Share Plan – Team and Results, to four decimal
places)
For an issue of Convertible Financial
Products or Options, the principal terms
of Conversion or the Option
N/A
Reason for redemption and specific
authority for redemption
Employee restricted shares ineligible to vest pursuant
to the terms of the NZX Limited Employee Share
Plan – Team and Results, as authorised by Clause
11 of the NZX Limited Employee Share Plan – Team
and Results.
Total number of Financial Products of
the Class after the redemption and the
total number of Financial Products of
the Class held as Treasury Stock after
the redemption.
796,938 employee restricted shares (includes the
conversion of 279,152 employee restricted shares
into NZX Limited Ordinary Shares pursuant to the
terms of the NZX Limited Employee Share Plan –
Team and Results)

Page 2 of 2

In the case of an acquisition of shares,
whether those shares are to be held as
treasury stock
No
Specific authority for the redemption Clause 11 of the NZX Limited Employee Share Plan
– Team and Results
Terms or details of the redemption The employee restricted shares are redeemed in
accordance with the terms of the NZX Limited
Employee Share Plan – Team and Results
Date of redemption 15/03/2019
Section 3: authority for this announcement
Name of person authorised to make this
announcement
Hannah Lynch
Head of Communications
Contact phone number T: 09 308 3710
M: 021 252 8990
Contact email address hannah.lynch@nzx.com
Date of release via MAP 15/03/2019

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NZX Limited
Level 1, NZX Centre
11 Cable Street
PO Box 2959
Wellington 6140
New Zealand
Tel +64 4 472 7599

www.nzx.com
Page 1 of 2

15 March 2019
Notice of issue of ordinary shares to employees of NZX Limited (NZX)

This notice is given under NZX Listing Rule 3.13.1 and relates to the issue of ordinary shares to
participants in the NZX Limited Employee Share Plan – Team and Results.
Section 1: issuer information
Name of issuer NZX Limited
NZX ticker code NZX
Class of Financial Product NZX Limited Ordinary Shares
ISIN NZNZXE0001S7
Section 2: capital change details
Number issued 279,152
Nominal value (if any) N/A
Issue price $1.0210
Nature of the payment Cash
Amount paid up Fully paid
Percentage of total class of Financial
Products issued
0.1027% (as a percentage of NZX Limited Ordinary
Shares in existence immediately prior to this issue
and the issue of 19,273 NZX Limited Ordinary
Shares to every permanent employee of NZX (full-
time and part-time) as at 1 February 2019 who has
joined NZX since NZX's previous issue of $1,000
worth of ordinary shares to employees as at 15 June
2018, to four decimal places)
For an issue of Convertible Financial
Products or Options, the principal terms
of Conversion or the Option
N/A
Reason for issue and specific authority
for issue
Employee restricted shares eligible to vest pursuant
to the terms of the NZX Limited Employee Share
Plan – Team and Results, as authorised by Clause 9
of the NZX Limited Employee Share Plan – Team
and Results.
Total number of Financial Products of
the Class after the issue and the total
number of Financial Products of the
Class held as Treasury Stock after the
issue.
272,069,794 NZX Limited Ordinary Shares (includes
the issue of 19,273 NZX Limited Ordinary Shares to
every permanent employee of NZX (full-time and
part-time) as at 1 February 2019 who has joined NZX
since NZX's previous issue of $1,000 worth of
ordinary shares to employees as at 15 June 2018)

Page 2 of 2


In the case of an acquisition of shares,
whether those shares are to be held as
treasury stock
No
Specific authority for the issue Clause 9 of the NZX Limited Employee Share Plan –
Team and Results
Terms or details of the issue The employee restricted shares are transferred in
accordance with the terms of the NZX Limited
Employee Share Plan – Team and Results
Date of issue 15/03/2019
Section 3: authority for this announcement
Name of person authorised to make this
announcement
Hannah Lynch
Head of Communications
Contact phone number T: 09 308 3710
M: 021 252 8990
Contact email address hannah.lynch@nzx.com
Date of release via MAP 15/03/2019