Capital Change Notice

Capital Change Notice

Updated as at 8 May 2019


Section 1: Issuer information
Name of issuer Spark New Zealand Limited
NZX ticker code SPK
Class of financial product Option to acquire ordinary
shares
ISIN (If unknown, check on NZX website) NZTELE0001S4
Currency NZD
Section 2: Capital change details
Number issued/acquired/redeemed 1,088,715 convertible into
ordinary shares on a 1:1 ratio
Nominal value (if any) N/A
Issue/acquisition/redemption price per security N/A
Nature of the payment (for example, cash or other
consideration)
N/A
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)
1

If, on vesting all options are
exercised 0.59% of the
ordinary shares in Spark NZ
(based on the number of
ordinary shares currently on
issue)
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)
The holder’s options will vest
on the achievement of certain
performance conditions as
determined by the Board. On
vesting, each option entitles
the holder to subscribe for one
ordinary share in Spark NZ at
nil cash consideration.
Options are otherwise on the
terms of the Spark New
Zealand Long Term Incentive
Scheme 2019
Reason for issue/acquisition/redemption and specific authority
for issue/acquisition/redemption/ (the reason for change must
be identified here)
Issue of options under the
Spark New Zealand Long
Term Incentive Scheme 2019
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.
1,088,715 options
1,836,283,539 ordinary shares

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

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
Spark New Zealand Long
Term Incentive Scheme 2019
and a Board resolution dated
20 August 2019
Terms or details of the issue, acquisition, or redemption (for
example: restrictions, escrow arrangements)
Options cannot be exercised
within a 3 year period. Options
may not be transferred,
assigned or otherwise
disposed of.
Date of issue/acquisition/redemption
2
19/09/2019
Section 3: Authority for this announcement and contact person
Name of person

authorised to make this announcement
Silvana Roest, Company
Secretary
Contact person for this announcement Silvana Roest
Contact phone number +64 9 359 6413
Contact email address silvana.roest@spark.co.nz
Date of release through MAP

19/09/2019




2
Continuous issuers using this form in reliance on Rule 3.13.2, please indicate the period during which the relevant
issue/acquisition/redemptions were made (for example, 1 January 2019 to 31 January 2019).