Capital Change Notice

Capital Change Notice




Section 1: Issuer information
Name of issuer Tourism Holdings Limited
NZX ticker code THL
Class of financial product Ordinary Shares
ISIN (If unknown, check on NZX website) NZHELE0001S9
Currency NZD
Section 2: Capital change details
Number issued/acquired/redeemed 176,666
Nominal value (if any) N/A
Issue/acquisition/redemption price per security Payments totalling $420,241
have been received by the
Company in respect of
conversion of redeemable
ordinary shares.

176,666 redeemable ordinary
shares were converted into
ordinary shares. The
redeemable ordinary shares
were paid up to $0.01 per
share when issued.

Prior to conversion, they had to
be paid up in full. The full issue
price per share to be paid up
was $1.78 per share for
76,666 redeemable ordinary
shares, and $2.57 per share
for 100,000 shares.

A cost of capital excess
amount was also payable in
respect of the shares.
Nature of the payment (for example, cash or other
consideration)
Cash
Amount paid up (if not in full) Fully paid
Percentage of total class of Financial Products
issued/acquired/redeemed/ (calculated on the number of
Financial Products of the Class, excluding any Treasury Stock,
in existence)
1

0.12%
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
N/A

1
The percentage is to be calculated immediately before the issue, acquisition, redemption or Conversion.

Product in relation to other Classes of Financial Product) or the
Option (for example, the exercise price and exercise date)
Reason for issue/acquisition/redemption and specific authority
for issue/acquisition/redemption/ (the reason for change must
be identified here)
A participant under the 2009
Long Term Incentive Scheme
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
participant, the 176,666
redeemable ordinary shares
convert into 176,666 ordinary
shares.
Total number of Financial Products of the Class after the
issue/acquisition/redemption/Conversion (excluding Treasury
Stock) and the total number of Financial Products of the Class
held as Treasury Stock after the issue/acquisition/redemption.
146,879,985 Ordinary Shares

1,678,830 Redeemable
Ordinary Shares
In the case of an acquisition of shares, whether those shares
are to be held as treasury stock
N/A
Specific authority for the issue, acquisition, or redemption,
including a reference to the rule pursuant to which the issue,
acquisition, or redemption is made
Terms of the 2009 Long Term
Incentive Scheme previously
adopted by the Board, and
Directors’ Resolutions.
Terms or details of the issue, acquisition, or redemption (for
example: restrictions, escrow arrangements)
None
Date of issue/acquisition/redemption 2 August 2019

The original dates of issue for
the redeemable ordinary
shares converted were 76,666
on 2 April 2015 and 100,000 on
4 April 2016.
Section 3: Authority for this announcement and contact person
Name of person

authorised to make this announcement Rob Campbell
Contact person for this announcement Grant Webster
Contact phone number
+64 9 336 4255
+64 21 449 210
Contact email address grant.webster@thlonline.com
Date of release through MAP

2 August 2019