Capital Change Notice

Template
Capital Change Notice

Updated as at 17 October 2019


Section 1: Issuer information
Name of issuer Pacific Edge Limited
NZX ticker code PEB
Class of financial product Options to acquire Ordinary
Shares
ISIN (If unknown, check on NZX website) NZPEBE0002S1
Currency NZD
Section 2: Capital change details
Number issued/acquired/redeemed 2,158,836
Nominal value (if any) Not applicable
Issue/acquisition/redemption price per security Incentive Options have an
exercise price of NZD$0.22
per share payable in cash.
Nature of the payment (for example, cash or other
consideration)
Not applicable
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)
1

If 100% of the options were
to vest and be exercised on
the date of this notice of
allotment, it would represent
0.31% of the Ordinary
Shares on issue.
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)
a. Subject to the continuous
employment of the relevant
Option Holder with either the
Company or a subsidiary of
the Company, one third of
the Incentive Options
available to the relevant
Option Holder will vest in the
Option Holder each year, on
the first three anniversaries
of their Date of
Employment/Effective Date
as recorded in the Schedule
of the relevant Option
Agreement. If the Option
Holder's employment
ceases then they will
receive a fractional
entitlement based on their

1
The percentage is to be calculated immediately before the issue, acquisition, redemption or Conversion.

length of service during the
relevant year.

b. The Incentive Options
may be exercised within a
period of ten years from
their vesting date.

c. Consideration of
NZD$0.22 per share is
payable in cash on the
exercise of any of the
Incentive Options. Any
shares issued pursuant to
the Incentive Options will
rank pari passu with existing
ordinary shares in the
Company.
Reason for issue/acquisition/redemption and specific
authority for issue/acquisition/redemption/ (the reason for
change must be identified here)
Issue of options as part of
Pacific Edge Limited’s long
term incentive plan for
employees
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.
689,652,227 ordinary
shares and 20,296,434
options outstanding
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
Resolution of Directors
dated 19 June 2020 and
Listing Rule 4.6.1.
Terms or details of the issue, acquisition, or redemption
(for example: restrictions, escrow arrangements)
Detailed above
Date of issue/acquisition/redemption
2
19 June 2020
Section 3: Authority for this announcement and contact person
Name of person authorised to make this announcement Chris Gallaher
Contact person for this announcement Grant Gibson
Contact phone number +64 3 479 5800
Contact email address grant.gibson@pelnz.com
Date of release through MAP 19/06/2020


2
Continuous issuers using this form in reliance on Rule 3.13.2, please indicate the period during which the relevant
issue/acquisition/redemptions were made (for example, 1 January 2019 to 31 January 2019).