Capital Change Notice – Capital Bonds Allotment

Capital Change Notice




Section 1: Issuer information
Name of issuer Mercury NZ Limited
NZX ticker code MCY020
Class of financial product Unsecured, subordinated
capital bonds (“Capital
Bonds”)
ISIN NZMCYDG002C0
Currency New Zealand Dollars ($)
Section 2: Capital change details
Number issued 300,000,000
Nominal value (if any) $1.00
Issue price per security $1.00
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 issued
(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 issue and specific authority for issue (the reason
for change must be identified here)
The proceeds from the issue of
the Capital Bonds will be used
to fund the redemption of the
MCY010 Bonds and for
general corporate purposes.
Issue pursuant to Board
Resolutions on 25 February
2019 and 5 June 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.
300,000,000
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 terms sheet
dated 19 June 2019 for the
offer of the Capital Bonds
Date of issue 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