Sky Network Television Limited logo

Capital Change Notice

Capital Change21 February 2020SKTCommunication Services

Notice of issue of shares to Chief Executive Officer
21st February 2020


On 21st February 2020, Sky Network Television Limited (the Company) issued 200,000

fully paid ordinary shares in the Company to its Chief Executive Officer, Martin Stewart.

The issue is made in connection with the deemed exercise of the first 200,000 share rights

(from a total of 800,000 share rights) issued to Mr Stewart as part of the remuneration

arrangements in Mr Stewart's employment agreement. The shares issued will rank pari

passu with, and will confer on the holder the same rights as, all other ordinary shares in

the Company.

Subject to remaining employed by the Company, Mr Stewart's remaining 600,000 share

rights will be deemed to be exercised on the next three anniversaries of his employment

(February 2021, 2022 and 2023). This notice is given pursuant to NZX Listing Rule

3.15.2.

Further information on the share rights and the shares to be issued on exercise of the

share rights can be found in the Company's 2019 Notice of Annual Meeting as released to

the market on 30 September 2019.

ENDS.


For further information please contact:

Sophie Moloney

Chief Legal, People and Partnerships Officer and Company Secretary

Sky Network Television Limited

(09) 579 9999

sophie.moloney@sky.co.nz


Sky New Zealand

PO Box 9059

Newmarket

Auckland 1149

New Zealand

10 Panorama Road

Mt Wellington

Auckland 1060

New Zealand

T. +64 9 579 9999

sky.co.nz

---

Capital Change Notice



 


This notice is given under NZX Listing Rules 3.13.1 and relates to the issue of ordinary shares to Martin

Stewart. On 30 October 2019, Sky Network Television Limited (the Company) issued 800,000 share rights

to Martin Stewart as part of the remuneration arrangements in his employment agreement (the Share

Rights). The terms of the Share Rights provide that (among other things) 200,000 of the Share Rights will

be deemed to be exercised on each of the first four anniversaries of Mr Stewart's employment. For each

Share Right exercised Mr Stewart is entitled to be issued one fully paid ordinary share in the Company.


Section 1: Issuer information

Name of issuer

Sky Network Television Limited

("Company")

NZX ticker code

SKT

Class of financial product

Ordinary shares

ISIN (If unknown, check on NZX website)

NZSKTE0001S6

Currency

NZD

Section 2: Capital change details

Number issued/acquired/redeemed

200,000 ordinary shares

Nominal value (if any)

Nil

Issue/acquisition/redemption price per security

Nil

Nature of the payment (for example, cash or other

consideration)

No cash consideration (but rather

for consideration of Mr Stewart's

ongoing employment)

Amount paid up (if not in full)

Not Applicable (as issued for no

cash consideration)

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)

0.0459% (4dp)

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/ (the reason for change must

be identified here)

Issue of ordinary shares to Mr

Stewart in connection with the

exercise of 200,000 Share Rights,

as part of the remuneration

arrangements in his employment

agreement.

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.

436,226,518

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' resolutions dated 21

February 2020 and NZX Listing

Rule 4.9.1(b) for the issue of

ordinary shares on the conversion

 
 

of the Share Rights (the issue of

Share Rights was approved by an

ordinary resolution of

shareholders on 17 October 2019

pursuant to NZX Listing Rule

4.1.1)

Terms or details of the issue, acquisition, or redemption (for

example: restrictions, escrow arrangements)

The shares which are the subject

of this notice will be fully paid

ordinary shares in the Company

which will rank pari passu with,

and will confer on the holder the

same rights as, all other ordinary

shares in the Company.

Date of issue/acquisition/redemption

21 February 2020

Section 3: Authority for this announcement and contact person

Name of person


authorised to make this announcement

Sophie Moloney

Contact person for this announcement

Sophie Moloney

Contact phone number

+64 9 979 5816

Contact email address

sophie.moloney@sky.co.nz

Date of release through MAP


21 February 2020

---

This appendix is not available as an online form
Please fill in and submit as a PDF announcement +Rule 2.7

+ See chapter 19 for defined terms

1 December 2019 Page 1

Sky Network Television Limited Appendix 2A

Application for quotation of +securities

Information or documents not available now must be given to ASX as soon as available. Information

and documents given to ASX become ASX’s property and may be made public.

If you are an entity incorporated outside Australia and you are seeking quotation of a new class of

+securities other than CDIs, you will need to obtain and provide an International Securities

Identification Number (ISIN) for that class. Further information on the requirement for the notification of

an ISIN is available from the Create Online Forms page. ASX is unable to create the new ISIN for non-

Australian issuers.

*Denotes minimum information required for first lodgement of this form, with exceptions provided in

specific notes for certain questions. The balance of the information, where applicable, must be

provided as soon as reasonably practicable by the entity.

Part 1 – Entity and announcement details

Question

no

Question Answer

1.1 *Name of entity

We (the entity here named) apply for

+quotation of the following +securities and

agree to the matters set out in

Appendix 2A of the ASX Listing Rules.

1


Sky Network Television Limited

1.2 *Registration type and number

Please supply your ABN, ARSN, ARBN, ACN or

another registration type and number (if you supply

another registration type, please specify both the type

of registration and the registration number).

ABN 70 653 143 224

1.3 *ASX issuer code SKT

1.4 *This announcement is

Tick whichever is applicable.

☒A new announcement

☐An update/amendment to a previous

announcement

☐A cancellation of a previous

announcement

1.4a *Reason for update

Mandatory only if “Update” ticked in Q1.4 above. A

reason must be provided for an update.

N/A

1.4b *Date of previous announcement to this

update

Mandatory only if “Update” ticked in Q1.4 above.

N/A

1.4c *Reason for cancellation

Mandatory only if “Cancellation” ticked in Q1.4 above.

N/A

1.4d *Date of previous announcement to this

cancellation

Mandatory only if “Cancellation” ticked in Q1.4 above.

N/A


1

Appendix 2A of the Listing Rules includes a warranty that an offer of the securities for sale within 12 months after their issue

will not require disclosure under section 707(3) or 1012C(6) of the Corporations Act. If the securities to be quoted have been

issued by way of a pro rata offer, to give this warranty, you will generally need to have lodged a cleansing notice with ASX

under section 708AA(2)(f) or 1012DAA(2)(f) of the Corporations Act within 24 hours before the securities are offered (see

ASIC Regulatory Guide 189 Disclosure relief for rights issues). If in doubt, please consult your legal adviser.

This appendix is not available as an online form Appendix 2A
Please fill in and submit as a PDF announcement Application for quotation of +securities

+ See chapter 19 for defined terms

1 December 2019 Page 2

1.5 *Date of this announcement 21 February 2020

Part 2 – Type of issue

Question

No.

Question Answer

2.1 *The +securities to be quoted are:

Select whichever item is applicable.

If you wish to apply for quotation of different types of

issues of securities, please complete a separate

Appendix 2A for each type of issue.

☐Being issued as part of a transaction or

transactions previously announced to the

market in an Appendix 3B

☐Being issued under a +dividend or

distribution plan

☐Being issued as a result of options being

exercised or other +convertible securities

being converted

☐Unquoted partly paid +securities that

have been paid up and are now quoted

fully paid +securities

☐Restricted securities where the escrow

period has expired or is about to expire

☐+Securities previously issued under an

+employee incentive scheme where the

restrictions on transfer have ceased or

are about to cease

☒+Securities issued under an +employee

incentive scheme that are not subject to a

restriction on transfer or that are to be

quoted notwithstanding there is a

restriction on transfer

☐Other


2.2a.1

*Date of Appendix 3B notifying the market

of the proposed issue of securities for which

quotation is now being sought

Answer this question if your response to Q2.1 is “Being

issued as part of a transaction or transactions

previously announced to the market in an Appendix

3B”

N/A

2.2a.2 *Are there any further issues of +securities

yet to take place to complete the

transaction(s) referred to in the

Appendix 3B?

Answer this question if your response to Q2.1 is “Being

issued as part of a transaction or transactions

previously announced to the market in an Appendix

3B”.

N/A

This appendix is not available as an online form Appendix 2A
Please fill in and submit as a PDF announcement Application for quotation of +securities

+ See chapter 19 for defined terms

1 December 2019 Page 3

2.2a.2.1 *Please provide details of the further issues

of +securities yet to take place to complete

the transaction(s) referred to in the

Appendix 3B

Answer this question if your response to Q2.1 is “Being

issued as part of a transaction or transactions

previously announced to the market in an Appendix

3B” and your response to Q2.2a.2 is “Yes”.

Please provide details of the proposed dates and

number of securities for the further issues. This may

be the case, for example, if the Appendix 3B related to

an accelerated pro rata offer with an institutional

component being quoted on one date and a retail

component being quoted on a later date.

N/A

2.2b.1 *Date of Appendix 3A.1 lodged with ASX in

relation to the underlying +dividend or

distribution

Answer this question if your response to Q2.1 is “Being

issued under a dividend or distribution plan”.

N/A

2.2b.2 *Does the +dividend or distribution plan

meet the requirement of listing rule 7.2

exception 4 that it does not impose a limit

on participation?

Answer this question if your response to Q2.1 is “Being

issued under a dividend or distribution plan”.

Note: Exception 4 only applies where security holders

are able to elect to receive all of their dividend or

distribution as securities. For example, Exception 4

would not apply in the following circumstances: 1) The

entity has specified a dollar limit on the level of

participation e.g. security holders can only participate

to a maximum value of $x in respect of their

entitlement. 2) The entity has specified a maximum

number of securities that can participate in the plan

e.g. security holders can only receive securities in lieu

of dividend payable for x number of securities.

N/A

2.2c.1 Please state the number and type of

options that were exercised or other

+convertible securities that were converted

(including their ASX security code)

Answer this question if your response to Q2.1 is “Being

issued as a result of options being exercised or other

convertible securities being converted”.

N/A

2.2c.2 And the date the options were exercised or

other +convertible securities were

converted

Answer this question if your response to Q2.1 is “Being

issued as a result of options being exercised or other

convertible securities being converted”.

Note: If this occurred over a range of dates, enter the

date the last of the options was exercised or

convertible securities was converted.

N/A

2.2d.1 Please state the number and type of partly

paid +securities (including their ASX

security code) that were fully paid up

Answer this question if your response to Q2.1 is

“Unquoted partly paid securities that have been paid

up and are now quoted fully paid securities”.

N/A

This appendix is not available as an online form Appendix 2A
Please fill in and submit as a PDF announcement Application for quotation of +securities

+ See chapter 19 for defined terms

1 December 2019 Page 4

2.2d.2

And the date the

+

securities were fully paid

up

Answer this question if your response to Q2.1 is

“Unquoted partly paid securities that have been paid

up and are now quoted fully paid securities”.

Note: If this occurred over a range of dates, enter the

date the last of the securities was fully paid up.

N/A

2.2e.1 Please state the number and type of

+restricted securities (including their ASX

security code) where the escrow period has

expired or is about to expire

Answer this question if your response to Q2.1 is

“Restricted securities where the escrow period has

expired or is about to expire”.

N/A

2.2e.2 And the date the escrow restrictions have

ceased or will cease

Answer this question if your response to Q2.1 is

“Restricted securities where the escrow period has

expired or is about to expire”.

Note: If this occurred over a range of dates, enter the

date the last of the escrow restrictions has ceased or

will cease.

N/A

2.2f.1

Please state the number and type of

+securities (including their ASX security

code) previously issued under the

+employee incentive scheme where the

restrictions on transfer have ceased or are

about to cease

Answer this question if your response to Q2.1 is

“Securities previously issued under an employee

incentive scheme where the restrictions on transfer

have ceased or are about to cease”.

N/A

2.2f.2 And the date the restrictions on transfer

have ceased or will cease:

Answer this question if your response to Q2.1 is

“Securities previously issued under an employee

incentive scheme where the restrictions on transfer

have ceased or are about to cease”.

Note: If this occurred over a range of dates, enter the

date the last of the restrictions on transfer has ceased

or will cease.

N/A

2.2g.1 Please state the number and type of

+securities (including their ASX security

code) issued under an +employee incentive

scheme that are not subject to a restriction

on transfer or that are to be quoted

notwithstanding there is a restriction on

transfer

Answer this question if your response to Q2.1 is

“Securities issued under an employee incentive

scheme that are not subject to a restriction on transfer

or that are to be quoted notwithstanding there is a

restriction on transfer”.

200,000 fully paid ordinary shares in Sky

Network Television Limited (ASX: SKT)

This appendix is not available as an online form Appendix 2A
Please fill in and submit as a PDF announcement Application for quotation of +securities

+ See chapter 19 for defined terms

1 December 2019 Page 5

2.2g.2 *Please attach a document or provide

details of a URL link for a document lodged

with ASX detailing the terms of the

+employee incentive scheme or a summary

of the terms.

Answer this question if your response to Q2.1 is

“Securities issued under an employee incentive

scheme that are not subject to a restriction on transfer

or that are to be quoted notwithstanding there is a

restriction on transfer”.

Issue of share rights to the Company's

Chief Executive Officer (CEO), as detailed

in the Company's 2019 Notice of Annual

General Meeting and accompanying

explanatory notes dated 30 September

2019.

https://www.asx.com.au/asxpdf/20190930/p

df/448zwnmxrxx5c7.pdf

2.2g.3 *Are any of these +securities being issued

to +key management personnel (KMP) or

an +associate

Answer this question if your response to Q2.1 is

“Securities issued under an employee incentive

scheme that are not subject to a restriction on transfer

or that are to be quoted notwithstanding there is a

restriction on transfer”.

Yes

2.2g.3.a *Provide details of the recipients and the number of +securities issued to each of them.

Answer this question if your response to Q2.1 is “Securities issued under an employee incentive scheme that are

not subject to a restriction on transfer or that are to be quoted notwithstanding there is a restriction on transfer”

and your response to Q2.2g.3 is “Yes”. Repeat the detail in the table below for each KMP involved in the issue. If

the securities are being issued to the KMP, repeat the name of the KMP or insert “Same” in “Name of registered

holder”. If the securities are being issued to an associate of a KMP, insert the name of the associate in “Name of

registered holder”.


Name of KMP Name of registered holder Number of +securities

Martin David Stewart Martin David Stewart

200,000 fully paid

ordinary shares


2.2h.1 *The purpose(s) for which the entity is

issuing the securities is:

Answer this question if your response to Q2.1 is

“Other”.

You may select one or more of the items in the list.

☐to raise additional working capital

☐to fund the retirement of debt

☐to pay for the acquisition of an asset

[provide details below]

☐to pay for services rendered

[provide details below]

☒other [provide details below]

Additional details:

In connection with the deemed exercise of

200,000 share rights previously issued on

30 October 2019 (as noted in the

Company's Appendix 3B

https://www.asx.com.au/asxpdf/20191030/p

df/44b21hvhd17gkk.pdf)



2.2h.2 *Please provide any further information

needed to understand the circumstances in

which you are applying to have these

+securities quoted on ASX, including why

the issue of the +securities has not been

previously announced to the market in an

Appendix 3B

Answer this question if your response to Q2.1 is

“Other”.

N/A

This appendix is not available as an online form Appendix 2A
Please fill in and submit as a PDF announcement Application for quotation of +securities

+ See chapter 19 for defined terms

1 December 2019 Page 6

2.2i *Are these +securities being offered under

a +disclosure document or +PDS?

Answer this question if your response to Q2.1 is any

option other than “Being issued as part of a transaction

or transactions previously announced to the market in

an Appendix 3B”.

No

2.2i.1 *Date of +disclosure document or +PDS?

Answer this question if your response to Q2.1 is any

option other than “Being issued as part of a transaction

or transactions previously announced to the market in

an Appendix 3B” and your response to Q2.2i is “Yes”.

Under the Corporations Act, the entity must apply for

quotation of the securities within 7 days of the date of

the disclosure document or PDS.

N/A

2.3 *The +securities to be quoted are:

Tick whichever is applicable

☒Additional +securities in a class that is

already quoted on ASX ("existing class")

☐New +securities in a class that is not yet

quoted on ASX ("new class")

Part 3A – number and type of +securities to be quoted (existing class or

new class) where issue has previously been notified to ASX in

an Appendix 3B

Answer the questions in this Part if your response to Q2.1 is “Being issued as part of a transaction or transactions previously

announced to the market in an Appendix 3B” and your response to Q2.3 is “existing class” or “new class”.

Question

No.

Question Answer

3A.1 *ASX +security code & description

N/A

3A.2 *Number of +securities to be quoted

N/A

Part 3B – number and type of +securities to be quoted (existing class)

where issue has not previously been notified to ASX in an

Appendix 3B

Answer the questions in this Part if your response to Q2.1 is anything other than “Being issued as part of a transaction or

transactions previously announced to the market in an Appendix 3B” and your response to Q2.3 is “existing class”.

Question

No.

Question Answer

3B.1 *ASX +security code & description SKT: fully paid ordinary shares

3B.2 *Number of +securities to be quoted 200,000

3B.3a *Will the +securities to be quoted rank

equally in all respects from their issue date

with the existing issued +securities in that

class?

Yes

3B.3b *Is the actual date from which the

+securities will rank equally (non-ranking

end date) known?

Answer this question if your response to Q3B.3a is

“No”.

N/A

3B.3c *Provide the actual non-ranking end date

Answer this question if your response to Q3B.3a is

“No” and your response to Q3B.3b is “Yes”.

N/A

This appendix is not available as an online form Appendix 2A
Please fill in and submit as a PDF announcement Application for quotation of +securities

+ See chapter 19 for defined terms

1 December 2019 Page 7

3B.3d *Provide the estimated non-ranking end

period

Answer this question if your response to Q3B.3a is

“No” and your response to Q3B.3b is “No”.

N/A

3B.3e *Please state the extent to which the

+securities do not rank equally:

 in relation to the next dividend,

distribution or interest payment; or

 for any other reason

Answer this question if your response to Q3B.3a is

“No”.

For example, the securities may not rank at all, or on a

pro rata basis for the next dividend, distribution or

interest payment; or the securities may not rank at all

or on a pro rata basis or be entitled to participate in

some other event, such as an entitlement issue.

N/A

Part 3C – number and type of +securities to be quoted (new class)

where issue has not previously been notified to ASX in an

Appendix 3B

Answer the questions in this Part if your response to Q2.1 is anything other than “Being issued as part of a transaction or

transactions previously announced to the market in an Appendix 3B” and your response to Q2.3 is “new class”.

Question

No.

Question Answer

3C.1 *Security description N/A

3C.2 *Security type

Select one item from the list

Please select the most appropriate security type from

the list. This will determine more detailed questions to

be asked about the security later in this section. Select

“ordinary fully or partly paid shares/units” for stapled

securities or CDIs. For interest rate securities, please

select the appropriate choice from either “Convertible

debt securities” or “Non-convertible debt securities”.

Select “Other” for performance shares/units and

performance options/rights or if the selections

available in the list do not appropriately describe the

security being issued.

☐Ordinary fully or partly paid shares/units

☐Options

☐+Convertible debt securities

☐Non-convertible +debt securities

☐Redeemable preference shares/units

☐Other

N/A

3C.3 ISIN code

Answer this question if you are an entity incorporated

outside Australia and you are seeking quotation of a

new class of securities other than CDIs. See also the

note at the top of this form.

N/A

3C.4 *Number of +securities to be quoted

N/A

3C.5a

*Will all the +securities issued in this class

rank equally in all respects from the issue

date?

N/A

3C.5b *Is the actual date from which the

+securities will rank equally (non-ranking

end date) known?

Answer this question if your response to Q3C.5a is

“No”.

N/A

3C.5c *Provide the actual non-ranking end date

Answer this question if your response to Q3C.5a is

“No” and your response to Q3C.5b is “Yes”.

N/A

This appendix is not available as an online form Appendix 2A
Please fill in and submit as a PDF announcement Application for quotation of +securities

+ See chapter 19 for defined terms

1 December 2019 Page 8

3C.5d *Provide the estimated non-ranking end

period

Answer this question if your response to Q3C.5a is

“No” and your response to Q3C.5b is “No”.

N/A

3C.5e *Please state the extent to which the

+securities do not rank equally:

 in relation to the next dividend,

distribution or interest payment; or

 for any other reason

Answer this question if your response to Q3C.5a is

“No”.

For example, the securities may not rank at all, or on a

pro rata basis for the next dividend, distribution or

interest payment; or the +securities may not rank at all

or on a pro rata basis or be entitled to participate in

some other event, such as an entitlement issue.

N/A

3C.6

Please attach a document or provide a URL

link for a document lodged with ASX setting

out the material terms of the +securities to

be quoted

You may cross-reference a disclosure document, PDS,

information memorandum, investor presentation or

other announcement with this information provided it

has been released to the ASX Market Announcements

Platform.

N/A

3C.7 *Have you received confirmation from ASX

that the terms of the +securities are

appropriate and equitable under listing rule

6.1?

Answer this question only if you are an ASX Listing.

(ASX Foreign Exempt Listings and ASX Debt Listings

do not have to answer this question).

If your response is “No” and the securities have any

unusual terms, you should approach ASX as soon as

possible for confirmation under listing rule 6.1 that the

terms are appropriate and equitable.

N/A

3C.8 *Provide a distribution schedule for the new +securities according to the categories set out

in the left hand column – including the number of recipients and the total percentage of the

new +securities held by the recipients in each category.

Number of +securities held Number of holders

Total percentage of

+securities held

1 – 1,000

N/A N/A

1,001 – 5,000

N/A N/A

5,001 – 10,000

N/A N/A

10,001 – 100,000

N/A N/A

100,001 and over

N/A N/A

Answer this question only if you are an ASX Listing (ASX Foreign Exempt Listings and ASX Debt Listings do not

have to answer this question) and the securities to be quoted have already been issued.

Note: if the securities to be quoted have not yet been issued, under listing rule 3.10.5, you will need to provide to

ASX a list of the 20 largest recipients of the new +securities, and the number and percentage of the new

+securities received by each of those recipients, and a distribution schedule for the securities when they are

issued.

This appendix is not available as an online form Appendix 2A
Please fill in and submit as a PDF announcement Application for quotation of +securities

+ See chapter 19 for defined terms

1 December 2019 Page 9

3C.9a Ordinary fully or partly paid shares/units details

Answer the questions in this section if you selected this security type in your response to Question 3C.2.

*+Security currency

This is the currency in which the face amount of an

issue is denominated. It will also typically be the

currency in which distributions are declared.

N/A

*Will there be CDIs issued over the

+securities?

N/A

*CDI ratio

Answer this question if you answered “Yes” to the

previous question. This is the ratio at which CDIs can

be transmuted into the underlying security (e.g. 4:1

means 4 CDIs represent 1 underlying security

whereas 1:4 means 1 CDI represents 4 underlying

securities).

N/A

*Is it a partly paid class of +security?

N/A

*Paid up amount: unpaid amount

Answer this question if answered “Yes” to the

previous question.

The paid up amount represents the amount of

application money and/or calls which have been paid

on any security considered ‘partly paid’

The unpaid amount represents the unpaid or yet to

be called amount on any security considered ‘partly

paid’.

The amounts should be provided per the security

currency (e.g. if the security currency is AUD, then

the paid up and unpaid amount per security in AUD).

N/A

*Is it a stapled +security?

This is a security class that comprises a number of

ordinary shares and/or ordinary units issued by

separate entities that are stapled together for the

purposes of trading.

N/A

3C.9b Option details

Answer the questions in this section if you selected this security type in your response to Question 3C.2.

*+Security currency

This is the currency in which the exercise price is

payable.

N/A

*Exercise price

The price at which each option can be exercised and

convert into the underlying security.

The exercise price should be provided per the

security currency (i.e. if the security currency is AUD,

the exercise price should be expressed in AUD).

N/A

*Expiry date

The date on which the options expire or terminate.

N/A

*Details of the number and type of

+security (including its ASX +security code

if the +security is quoted on ASX) that will

be issued if an option is exercised

For example, if the option can be exercised to receive

one fully paid ordinary share with ASX security code

ABC, please insert “One fully paid ordinary share

(ASX:ABC)”.

N/A

This appendix is not available as an online form Appendix 2A
Please fill in and submit as a PDF announcement Application for quotation of +securities

+ See chapter 19 for defined terms

1 December 2019 Page 10

3C.9c Details of non-convertible +debt securities, +convertible debt securities, or

redeemable preference shares/units

Answer the questions in this section if you selected one of these security types in your response to Question

3C.2.

Refer to Guidance Note 34 and the “Guide to the Naming Conventions and Security Descriptions for ASX Quoted

Debt and Hybrid Securities” for further information on certain terms used in this section

*Type of +security

Select one item from the list

☐Simple corporate bond

☐Non-convertible note or bond

☐Convertible note or bond

☐Preference share/unit

☐Capital note

☐Hybrid security

☐Other

N/A

*+Security currency

This is the currency in which the face value of the

security is denominated. It will also typically be the

currency in which interest or distributions are paid.

N/A

Face value

This is the principal amount of each security.

The face value should be provided per the security

currency (i.e. if security currency is AUD, then the

face value per security in AUD).

N/A

*Interest rate type

Select one item from the list

Select the appropriate interest rate type per the terms

of the security. Definitions for each type are provided

in the Guide to the Naming Conventions and Security

Descriptions for ASX Quoted Debt and Hybrid

Securities

☐Fixed rate

☐Floating rate

☐Indexed rate

☐Variable rate

☐Zero coupon/no interest

☐Other

N/A

Frequency of coupon/interest payments

per year

Select one item from the list.

☐Monthly

☐Quarterly

☐Semi-annual

☐Annual

☐No coupon/interest payments

☐Other

N/A

First interest payment date

A response is not required if you have selected “No

coupon/interest payments” in response to the

question above on the frequency of coupon/interest

payments

N/A

Interest rate per annum

Answer this question if the interest rate type is fixed.

N/A

*Is the interest rate per annum estimated

at this time?

Answer this question if the interest rate type is fixed.

N/A

This appendix is not available as an online form Appendix 2A
Please fill in and submit as a PDF announcement Application for quotation of +securities

+ See chapter 19 for defined terms

1 December 2019 Page 11

If the interest rate per annum is estimated,

then what is the date for this information to

be announced to the market (if known)

Answer this question if the interest rate type is fixed

and your response to the previous question is “Yes”.

Answer “Unknown” if the date is not known at this

time.

N/A


*Does the interest rate include a reference

rate, base rate or market rate (e.g. BBSW

or CPI)?

Answer this question if the interest rate type is

floating or indexed.

N/A

*What is the reference rate, base rate or

market rate?

Answer this question if the interest rate type is

floating or indexed and your response to the previous

question is “Yes”.

N/A

*Does the interest rate include a margin

above the reference rate, base rate or

market rate?

Answer this question if the interest rate type is

floating or indexed.

N/A

*What is the margin above the reference

rate, base rate or market rate (expressed

as a percent per annum)

Answer this question if the interest rate type is

floating or indexed and your response to the previous

question is “Yes”.

N/A

*Is the margin estimated at this time?

Answer this question if the interest rate type is

floating or indexed.

N/A

If the margin is estimated, then what is the

date for this information to be announced

to the market (if known)

Answer this question if the interest rate type is

floating or indexed and your response to the previous

question is “Yes”.

Answer “Unknown” if the date is not known at this

time.

N/A


*S128F of the Income Tax Assessment

Act status applicable to the +security

Select one item from the list

For financial products which are likely to give rise to a

payment to which s128F of the Income Tax

Assessment Act applies, ASX requests issuers to

confirm the s128F status of the security:

 “s128F exempt” means interest payments are not

taxable to non-residents;

 “Not s128F exempt” means interest payments are

taxable to non-residents;

 “s128F exemption status unknown” means the

issuer is unable to advise the status;

 “Not applicable” means s128F is not applicable to

this security

☐s128F exempt

☐Not s128F exempt

☐s128F exemption status unknown

☒Not applicable



*Is the +security perpetual (i.e. no maturity

date)?

N/A

*Maturity date

Answer this question if the security is not perpetual

N/A

This appendix is not available as an online form Appendix 2A
Please fill in and submit as a PDF announcement Application for quotation of +securities

+ See chapter 19 for defined terms

1 December 2019 Page 12

*Select other features applicable to the

+security

Up to 4 features can be selected. Further information

is available in the Guide to the Naming Conventions

and Security Descriptions for ASX Quoted Debt and

Hybrid Securities.

☐Simple

☐Subordinated

☐Secured

☐Converting

☐Convertible

☐Transformable

☐Exchangeable

☐Cumulative

☐Non-Cumulative

☐Redeemable

☐Extendable

☐Reset

☐Step-Down

☐Step-Up

☐Stapled

☐None of the above


*Is there a first trigger date on which a

right of conversion, redemption, call or put

can be exercised (whichever is first)?

N/A

*If yes, what is the first trigger date

Answer this question if your response to the previous

question is “Yes”.

N/A

Details of the number and type of +security

(including its ASX +security code if the

+security is quoted on ASX) that will be

issued if the securities to be quoted are

converted, transformed or exchanged

Answer this question if the security features include

“converting”, “convertible”, “transformable” or

“exchangeable”.

For example, if the security can be converted into

1,000 fully paid ordinary shares with ASX security

code ABC, please insert “1,000 fully paid ordinary

share (ASX:ABC)”.

N/A

Part 4 – Issue details

Question

No.

Question Answer

4.1 *Have the +securities to be quoted been

issued yet?

Yes

4.1a *What was their date of issue?

Answer this question if your response to Q4.1 is

“Yes”.

21 February 2020

4.1b *What is their proposed date of issue?

Answer this question if your response to Q4.1 is “No”.

N/A

4.2

*Are the +securities to be quoted being

issued for a cash consideration?

If the securities are being issued for nil cash

consideration, answer this question “No”.

N/A

This appendix is not available as an online form Appendix 2A
Please fill in and submit as a PDF announcement Application for quotation of +securities

+ See chapter 19 for defined terms

1 December 2019 Page 13

4.2a *In what currency is the cash consideration

being paid

For example, if the consideration is being paid in

Australian Dollars, state AUD.

Answer this question if your response to Q4.2 is

“Yes”.

N/A

4.2b *What is the issue price per +security

Answer this question if your response to Q4.2 is “Yes”

and by reference to the issue currency provided in

your response to Q4.2a.

Note: you cannot enter a nil amount here. If the

securities are being issued for nil cash consideration,

answer Q4.2 as “No” and complete Q4.2c and Q4.2d.

N/A

4.2c

Please describe the consideration being

provided for the +securities to be quoted

Answer this question if your response to Q4.2 is “No”.

The shares are issued for nil cash

consideration.


The shares are issued as a result of the

deemed exercise of 200,000 share rights

out of the 800,000 unlisted share rights

granted to the CEO as part of his

remuneration package and approved by the

shareholders at the Company's 2019 annual

general meeting.

4.2d

Please provide an estimate (in AUD) of the

value of the consideration being provided

per +security for the +securities to be

quoted

Answer this question if your response to Q4.2 is “No”.

N/A

Part 5 – Issued capital following quotation

Following the quotation of the +securities the subject of this application, the issued capital of the entity

will comprise:

Note: the figures provided in the tables in sections 5.1 and 5.2 below are used to calculate the total market capitalisation of the

entity published by ASX from time to time. Please make sure you include in the relevant table each class of securities issued by

the entity.

If you have quoted CHESS Depository Interests (CDIs) issued over your securities, include them in the table in section 5.1 and

include in the table in section 5.2 any securities that do not have CDIs issued over them (and therefore are not quoted on ASX).

Restricted securities should only be included in the table in section 5.1 if you are applying to have them quoted because the

escrow period for the securities has expired or is about to expire. Otherwise include them in the table in section 5.2.

5.1 *Quoted +securities (total number of each +class of +securities quoted on ASX following

the +quotation of the +securities the subject of this application)

ASX +security code and description Total number of +securities on issue


SKT fully paid ordinary shares





436,226,518


This appendix is not available as an online form Appendix 2A
Please fill in and submit as a PDF announcement Application for quotation of +securities

+ See chapter 19 for defined terms

1 December 2019 Page 14

5.2 *Unquoted +securities (total number of each +class of +securities issued but not quoted

on ASX):

ASX +security code and description Total number of +securities on issue

600,000


Unlisted share rights conferring an

entitlement to be issued ordinary

shares in the Company

100,000,000 SKT020 Bonds


Part 6 – Other Listing Rule requirements

The questions in this Part should only be answered if you are an ASX Listing (ASX Foreign Exempt Listings and ASX Debt

Listings do not need to complete this Part) and:

- your response to Q2.1 is “Being issued under a dividend/distribution plan” and the response to Q2.2b.2 is “No”; or

- your response to Q2.1 is “Other”.

Note that if your response to Q2.1 is “Being issued as part of a transaction or transactions previously announced to the market

in an Appendix 3B”, it is assumed that you will have provided the information referred to in this Part in the Appendix 3B.

Question

No.

Question Answer

6.1 *Has the entity obtained, or is it obtaining,

+security holder approval for the issue

under listing rule 7.1?

N/A

6.1a

*Date of meeting or proposed meeting to

approve the issue under listing rule 7.1

Answer this question if the response to Q6.1 is “Yes”.

N/A

6.1b

*Are any of the +securities being issued

without +security holder approval using the

entity’s 15% placement capacity under

listing rule 7.1?

Answer this question if the response to Q6.1 is “No”.

N/A

6.1b.1

*How many +securities are being issued

without +security holder approval using the

entity’s 15% placement capacity under

listing rule 7.1?

Answer this question if the response to Q6.1 is “No”

and the response to Q6.1b is “Yes”.

Please complete and separately send by email to your

ASX listings adviser a work sheet in the form of

Annexure B to Guidance Note 21 confirming the entity

has the available capacity under listing rule 7.1 to

issue that number of securities.

N/A

6.1c *Are any of the +securities being issued

without +security holder approval using the

entity’s additional 10% placement capacity

under listing rule 7.1A (if applicable)?

Answer this question if the response to Q6.1 is “No”.

N/A

6.1c.1 *How many +securities are being issued

without +security holder approval using the

entity’s additional 10% placement capacity

under listing rule 7.1A?

Answer this question if the response to Q6.1 is “No”

and the response to Q6.1c is “Yes”.

Please complete and separately send by email to your

ASX listings adviser a work sheet in the form of

Annexure C to Guidance Note 21 confirming the entity

N/A

This appendix is not available as an online form Appendix 2A
Please fill in and submit as a PDF announcement Application for quotation of +securities

+ See chapter 19 for defined terms

1 December 2019 Page 15

has the available capacity under listing rule 7.1A to

issue that number of securities.

Introduced 01/12/19

Data sourced from publicly available filings. Our datasets may not be complete. Automated analysis can produce errors. If you believe any data on this page is incorrect, please contact us at hello@nzxplorer.co.nz. For informational purposes only. Not investment advice.

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