Performance Share Rights granted under Long Term Incentive

2 July 2020

MARKET RELEASE
Performance Share Rights granted under Long Term
Incentive Scheme

In connection with a grant of Performance Share Rights under the Company’s Long Term Incentive
Scheme, the Company advises the following details for the purposes of NZX Listing Rule 3.13.1:
(a) Class of security
ISIN
Unlisted performance share rights (“PSRs”)
N/A
(b) Number issued 444,849 PSRs
(c) Nominal value /
Issue price
N/A
No consideration is payable for the grant of PSRs
(d) Payment terms N/A
(e) Amount paid up N/A
(f) Principal terms of the
Securities (other than
for Quoted Securities)
The PSRs are subject to a vesting period of 3 years.
Vesting is subject to certain performance hurdles.
The number which actually vest will be dependent
on the relative ranking of Argosy’s total shareholder
returns against a comparator group of listed entities
determined by the Board from the NZX Property
Index.
(g) Percentage of total
class of securities
issued
66.10 % of the unexpired PSRs previously issued
(h) Reason for issue To incentivise senior executives
(i) Authority for issue Directors’ resolution dated 30 June 2020
(j) Terms or details of
issue
The PSRs will be issued on the terms of Argosy’s
long term incentive scheme plan in the form
approved by the Board
(k) Total number of
securities in existence
after the issue
1,117,874 PSRs. The PSRs are not quoted on NZX.
(l) Treasury stock Not applicable
(m) Date of grant 1 April 2020 (effective date)



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