Capital Change Notice

Capital Change Notice



Section 1: Issuer information
Name of issuer Tower Limited
NZX ticker code TWR
Class of financial product Ordinary shares
ISIN (If unknown, check on NZX website) NZTWRE0011S2
Currency NZ$
Section 2: Capital change details
Number issued

Nominal value (if any) Not applicable
Issue price per security NZ$0.56
Nature of the payment (for example, cash or other
consideration)
Cash
Amount paid up (if not in full) Paid in full
Percentage of total class of Financial Products issued
(calculated on the number of Financial Products of the Class,
excluding any Treasury Stock, in existence)
25%
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)
Allotment under a pro rata
renounceable rights issue
conducted by Tower Limited
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
421,647,258
No treasury stock
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
Directors’ resolution dated 20
September 2019 for issue
under rule 4.3.1(a)
Terms or details of the issue, acquisition, or redemption (for
example: restrictions, escrow arrangements)
New ordinary shares which
rank equally with all other fully
paid ordinary shares
Date of issue 23/10/2019

Section 3: Authority for this announcement and contact person
Name of person

authorised to make this announcement Hannah Snelling
Contact person for this announcement Hannah Snelling
Contact phone number +64 9 985 1566
Contact email address hannah.snelling@tower.co.nz
Date of release through MAP

23/10/2019