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



4 April 2019

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,
369,999 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 369,999
Issue price Payments totalling $937,837 have been
received by the company in respect of
the conversion of the shares.

369,999 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:
$1.78 for 100,000 shares
$2.57 for 269,999 shares

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
0.298% (post allotment)
Reason for issue Three participants under the 2009 Long
Term Incentive Scheme (Grant
Webster, Jo Allison, Adam Hutchinson)
requested a transfer of certain of the
redeemable ordinary shares allocated
to them 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 the participants, the
369,999 redeemable ordinary shares
convert into 369,999 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
124,161,800 ordinary shares
1,855,496 redeemable ordinary shares
Treasury stock N/A
Date of issue The 369,999 redeemable ordinary
shares were converted into ordinary
shares on 4 April 2019.
The original dates of issue for the
redeemable ordinary shares converted
were:
 100,000 on 2 April 2015
 269,999 on 4 April 2016

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Announcement authorised by:




Grant Webster
Chief Executive Officer
Tourism Holdings Limited

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