Capital Change Notice – Capital Bonds Redemption

Capital Change Notice




Section 1: Issuer information
Name of issuer Mercury NZ Limited
NZX ticker code MCY010
Class of financial product Unsecured, subordinated
capital bonds
ISIN NZMRPDG001C6
Currency New Zealand Dollars ($)
Section 2: Capital change details
Number redeemed 300,000,000
Nominal value (if any) $1.00
Redemption price per security $1.00, together with accrued
and unpaid interest
Nature of the payment (for example, cash or other
consideration)
Cash
Amount paid up (if not in full) Fully paid up
Percentage of total class of Financial Products redeemed
(calculated on the number of Financial Products of the Class,
excluding any Treasury Stock, in existence)
100%
For an issue of Convertible Financial Products or Options, the
principal terms of Conversion (for example the Conversion
price and Conversion date and the ranking of the Financial
Product in relation to other Classes of Financial Product) or the
Option (for example, the exercise price and exercise date)
Not applicable
Reason for redemption and specific authority for redemption
(the reason for change must be identified here)
Issuer redemption for capital
structure management
purposes, pursuant to Board
Resolutions on 25 February
2019 and 5 June 2019
Total number of Financial Products of the Class after the
redemption (excluding Treasury Stock) and the total number of
Financial Products of the Class held as Treasury Stock after
the redemption.
Nil
In the case of an acquisition of shares, whether those shares
are to be held as treasury stock
Not applicable
Specific authority for the issue, acquisition, or redemption,
including a reference to the rule pursuant to which the issue,
acquisition, or redemption is made
Board Resolutions on 25
February 2019 and 5 June
2019
Rule 3.13.1
Terms or details of the issue, acquisition, or redemption (for
example: restrictions, escrow arrangements)
As set out in the redemption
notice dated 19 June 2019
Date of redemption 11/07/2019

Section 3: Authority for this announcement and contact person
Name of person

authorised to make this announcement
William Meek,
Chief Financial Officer
Contact person for this announcement Tim Thompson
Contact phone number 0275 173 470
Contact email address investor@mercury.co.nz
Date of release through MAP

11/07/2019