Capital Change Notice – Scheme of Arrangement

Template
Capital Change Notice

Updated as at 8 May 2019



Section 1: Issuer information
Name of issuer PGG Wrightson Limited
NZX ticker code PGW
Class of financial product Ordinary Shares
ISIN (If unknown, check on NZX website) NZREIE0001S4
Currency NZD
Section 2: Capital change details
Number issued/acquired/redeemed 754,839,050 shares
issued/cancelled
Nominal value (if any) N/A
Issue/acquisition/redemption price per security $0.31 per share cancelled
Nature of the payment (for example, cash or other
consideration)
Pursuant to a court approved
scheme of arrangement, PGW
undertook a 2:1 share split
immediately followed by a 1:2
cancellation in consideration
for payment of NZ 31 cents per
ordinary share cancelled.
Amount paid up (if not in full) N/A
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)
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)
N/A
Reason for issue/acquisition/redemption and specific authority
for issue/acquisition/redemption/ (the reason for change must
be identified here)
Pursuant to a court approved
scheme of arrangement
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.
754,839,050
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
NZX Listing Rule 4.9.1(d)
Terms or details of the issue, acquisition, or redemption (for
example: restrictions, escrow arrangements)
N/A

Date of issue/acquisition/redemption 7 August 2019
Section 3: Authority for this announcement and contact person
Name of person

authorised to make this announcement Julian Daly
Contact person for this announcement Julian Daly
Contact phone number 027 5533373
Contact email address jdaly@pggwrightson.co.nz
Date of release through MAP
8 August 2019