AWF Madison – Capital Change Notice

Template
Capital Change Notice

Updated as at 17 October 2019



Section 1: Issuer information
Name of issuer AWF Madison Group Limited
NZX ticker code AWF
Class of financial product Restricted Shares
ISIN (If unknown, check on NZX website) NZAWFE0001S8
Currency NZ Dollars
Section 2: Capital change details
Number issued/acquired/redeemed 141,000 “D” Restricted shares;
and 82,000 “E” Restricted shares
Nominal value (if any) Unallocated
Issue/acquisition/redemption price per security “D” shares $2.57; 28,000 “E” at
$2.57; 28,000 “E” shares at
$2.64; and 26,000 “E” shares at
$1.93
Nature of the payment (for example, cash or other
consideration)
Redemption
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)
1

100% of “D” Restricted shares;
and 100% of “E” Restricted
shares
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)
Restricted “D” and “E” shares are
restricted and are unable to be
traded until reclassified as
ordinary shares on the relevant
"Qualification Date" (subject to
the holder remaining employed
with AWF and the repayment of
any loans made by AWF to the
holder in respect of the
shares). Restricted “D” and “E”
shares rank pari passu with
existing ordinary shares in
respect of rights to dividends and
other distributions and voting right
Reason for issue/acquisition/redemption and specific
authority for issue/acquisition/redemption/ (the reason for
change must be identified here)
Under the Rules of the Restricted
share schemes the Restricted
shares must either be Converted
(or Redeemed) by 1 July 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
Nil

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

of the Class held as Treasury Stock after the
issue/acquisition/redemption.
In the case of an acquisition of shares, whether those
shares are to be held as treasury stock
N/A
Specific authority for the issue, acquisition, or redemption,
including a reference to the rule pursuant to which the
issue, acquisition, or redemption is made
Board Resolution 25 June ’20
Rule 3.13.1
Terms or details of the issue, acquisition, or redemption (for
example: restrictions, escrow arrangements)
The aggregate redemption price is
to be applied by AWF in full
repayment of the loan made by
AWF to the holder in respect of the
Restricted “D” and “E” shares.
Date of issue/acquisition/redemption
2
2 July 2020
Section 3: Authority for this announcement and contact person
Name of person

authorised to make this announcement David Lazarus
Contact person for this announcement David Lazarus
Contact phone number 021 449965
Contact email address David.lazarus@awfmadison.co.nz
Date of release through MAP

2 July 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).