Capital Change Notice – Unquoted partly-paid shares

Capital Change Notice




Section 1: Issuer information
Name of issuer Freightways Limited
NZX ticker code FRE
Class of financial product Unlisted partly-paid shares
ISIN (If unknown, check on NZX website) Not applicable
Currency NZD
Section 2: Capital change details
Number issued/acquired/redeemed 63,474 partly-paid shares
Nominal value (if any) $0.01 each
Issue/acquisition/redemption price per security $0.01 each
Nature of the payment (for example, cash or other
consideration)
Cash
Amount paid up (if not in full) $0.01 each
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

24.1%
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)
Partly-paid ordinary shares were issued
in accordance with the Plan Rules of
the Freightways Senior Executive
Performance Share Plan. Issued
shares are paid-up to one cent only
upon issue. The balance of the
respective issue price may only be fully
paid-up once performance hurdles and
vesting periods have been met in
accordance with the Plan Rules.
Notwithstanding that the performance
hurdles and vesting periods may have
been met, if the partly-paid ordinary
shares have not been fully paid-up
within 5 years from the issue date, the
Company must redeem and cancel the
relevant partly-paid ordinary shares.
Reason for issue/acquisition/redemption and specific
authority for issue/acquisition/redemption/ (the reason
for change must be identified here)
These partly-paid ordinary shares did
not become eligible to be fully paid-up
in accordance with the terms of the
Freightways Senior Executive
Performance Share Plan within 5 years
of the date of issue.


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

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.
200,342 partly-paid shares

There is no treasury stock.
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
Pursuant to the terms of the
Freightways Senior Executive
Performance Share Plan and as
permitted by the NZX Listing Rules.
Terms or details of the issue, acquisition, or
redemption (for example: restrictions, escrow
arrangements)
Not applicable
Date of issue/acquisition/redemption
2
3/08/2020
Section 3: Authority for this announcement and contact person
Name of person authorised to make this
announcement
Stephan Deschamps
Contact person for this announcement As above
Contact phone number +64 27 562 5666
Contact email address stephan.deschamps@freightways.co.nz
Date of release through MAP 3/08/2020




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).