Notification of Issue of Securities – LTI Scheme

Tourism Holdings Limited
The Beach House
Level 1, 83 Beach Road
Auckland City
PO Box 4293, Shortland Street
Auckland 1140, New Zealand
Tel: +64 9 336 4299
Fax: +64 9 309 9269
www.thlonline.com




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3 April 2019

NZX ANNOUNCEMENT

TOURISM HOLDINGS LIMITED (thl)
NOTIFICATION OF ISSUE OF SECURITIES – LONG TERM INCENTIVE SCHEME

For the purposes of Listing Rule 7.12.1 of the Main Board/Debt Market Listing Rules, Tourism Holdings
Limited advises that the following securities have been issued:

a) Class of Security:
ISIN:
Unlisted options
Not applicable
b) Number issued 1,220,000 unlisted options
c) Issue price: Nil
d) Payment in cash: Not applicable
e) Amount paid up (if not in full): Not applicable
f) Terms of the Securities:
The options are issued pursuant to the Tourism Holdings
Limited Long Term Incentive Scheme 2017 and the key terms
of that scheme are as follows:
 Each option may be converted into one ordinary share
in thl on their exercise.
 1/3 of the options will vest 2 years after the grant date;
1/3 will vest 3 years after the grant date; and 1/3 will
vest 4 years after the grant date.
 The exercise price for each option will be calculated by
reference to the volume weighted average price of each
thl share during the 20 working day period prior to the
relevant grant date plus an uplift to reflect the
company’s average cost of capital for the first two years
from the grant date less dividends paid during that two-
year period.
g)
Percentage of the total Class of
Securities issued:
67.28%
h) Reason for the issue:
Options issued to the Chief Executive and other senior
executives of thl under the Tourism Holdings Limited Long
Term Incentive Scheme 2017.
i) Authority for the issue: Board resolution
j) Terms or details of the issue: As above

2
k) Total number of Securities of the
Class in existence after the issue:
3,033,333 unlisted options
l) Treasury stock: Not applicable
m) Date of issue: 3 April 2019


END

Announcement authorised by:
Rob Campbell
Chairman
Tourism Holdings Limited


For further information, contact:
Grant Webster
thl Chief Executive
Direct Dial: +64 9 336 4255 | Mobile: +64 21 449 210