Capital Change Notice – Dividend Reinvestment Scheme

Template
Capital Change Notice

Updated as at 17 October 2019


Section 1: Issuer information
Name of issuer Property for Industry Limited
NZX ticker code PFI
Class of financial product Ordinary Shares
ISIN (If unknown, check on NZX website) NZPFIE0001S5
Currency NZD
Section 2: Capital change details
Number issued/acquired/redeemed 1,086,032 ordinary shares
Nominal value (if any) Not applicable
Issue/acquisition/redemption price per security $2.3526
Nature of the payment (for example, cash or other
consideration)
Cash, satisfied by
reinvestment of dividend
proceeds pursuant to the
Dividend Reinvestment
Scheme
Amount paid up (if not in full) Fully paid ordinary shares
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)
0.218%
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 under
Dividend Reinvestment
Scheme, approved by
directors’ resolutions dated 8
May 2020.
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.
499,854,714 ordinary shares
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 8
May 2020 pursuant to NZX
Listing Rule 4.8.1.
Terms or details of the issue, acquisition, or redemption (for
example: restrictions, escrow arrangements)
The shares issued are quoted
ordinary shares ranking

equally with the existing
ordinary shares on issue of PFI
Date of issue/acquisition/redemption 26 May 2020
Section 3: Authority for this announcement and contact person
Name of person

authorised to make this announcement Craig Peirce
Contact person for this announcement Craig Peirce
Contact phone number 09 303 9651
Contact email address peirce@pfi.co.nz
Date of release through MAP

26 May 2020