Rubicon issues restricted shares

To: NZX From: Sharon Ludher-Chandra


Further information on Rubicon Limited can be viewed at the Rubicon web site, at http://www.rubicon-nz.com.






19 September 2019 – In accordance with a Shareholders resolution passed at Rubicon’s
Annual Shareholders’ Meeting held on 17 September 2019, Rubicon announced today that
it had issued 820,988 new ordinary Rubicon shares to the trustee of the 2019 Rubicon Non-
Executive Director Share Plan. In accordance with the terms of that resolution, the shares
will be held by the trustee, on trust for George Adams until their vesting terms are met.
The shares were issued at the NZX 20-day Market VWAP for Rubicon shares of 18.27044
cents per share, for a total value of $150,000.

EOF

Rubicon Issues Restricted Shares Under
2019 Rubicon Non-Executive Director Share Plan

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Capital Change Notice



19 September 2018

Notice of issue of Ordinary Shares

This notice is given under NZX Listing Rule 3.13.1 and relates to the issue of restricted ordinary
shares to be held on trust for George Adams in accordance with the terms of the 2019 Rubicon
Non-Executive Director’s Share Plan.

Section 1: Issuer information
Name of issuer Rubicon Limited
NZX ticker code RBC
Class of financial product Ordinary shares
ISIN (If unknown, check on NZX website) NZRBCE0001S3
Currency NZ$
Section 2: Capital change details
Number issued/acquired/redeemed 820,998
Nominal value (if any) Not applicable
Issue/acquisition/redemption price per security $0.1827044 per share
Nature of the payment (for example, cash or other
consideration)
Non-cash, Director’s remuneration
Amount paid up (if not in full) Not applicable
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)
0.17% of the total number of
Ordinary Shares on issue
immediately before the issue of
820,988 Ordinary Shares
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/acquisition/redemption and specific authority
for issue/acquisition/redemption/
Independent director remuneration,
as approved by shareholders on 17
September 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.
498,284,689
(497,463,691 + 820,998)

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
Shareholders’ resolution

Terms or details of the issue, acquisition, or redemption New ordinary shares which rank
equally with all other fully paid
ordinary shares
Date of issue/acquisition/redemption 18/09/2019
Section 3: Authority for this announcement and contact person
Name of person

authorised to make this announcement Sharon Ludher-Chandra
Contact person for this announcement Sharon Ludher-Chandra
Contact phone number +64 9 356 9800
Contact email address
Sharon.Ludher-Chandra@rubicon-
nz.com
Date of release through MAP

19/09/2019