Capital Change Notice

Capital Change Notice



Section 1: Issuer information
Name of issuer General Capital Limited
NZX ticker code GENWB
Class of financial product 30/11/2021 $0.09 Warrants
ISIN (If unknown, check on NZX website) NZGENE0007S4
Currency NZD
Section 2: Capital change details
Number issued/acquired/redeemed 400,000 GENWB Warrants
issued to Directors and Senior
Managers of General Capital
Limited or any of its
subsidiaries (including
contractors, consultants,
consultant companies, and any
trustee or trustees of or for any
of the foregoing persons)
Nominal value (if any) Warrants exercisable at 9
cents per share for each
warrant exercised any time on
or before 30 November 2021.
Issue/acquisition/redemption price per security Under the terms of the offer
document, the Warrants had
no issue price.

Warrants exercisable at 9
cents per share for each
warrant exercised any time on
or before 30 November 2021.
Nature of the payment (for example, cash or other
consideration)
Not applicable
Amount paid up (if not in full) Nil
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)
0.12%
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
Product in relation to other Classes of Financial Product) or the
Option (for example, the exercise price and exercise date)
Warrants can be exercised any
time on or before 30 November
2021 at 9 cents per share for
each warrant as described in
the offer document
Reason for issue/acquisition/redemption and specific authority
for issue/acquisition/redemption/ (the reason for change must
be identified here)
Capital Raising

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.
320,740,272
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 at
special meeting 29 November
2018

Terms or details of the issue, acquisition, or redemption (for
example: restrictions, escrow arrangements)
Warrants can be exercised any
time on or before 30 November
2021 at 9 cents per share for
each warrant as described in
the offer document
Date of issue/acquisition/redemption 17/01/2020
Section 3: Authority for this announcement and contact person
Name of person

authorised to make this announcement Jonathan Clark
Contact person for this announcement Brent King
Contact phone number +64 21 632 660
Contact email address Brent.King@gencap.co.nz
Date of release through MAP

17/01/2020