Issue of ordinary shares to employees of NZX Limited

NZX Limited
Level 1, NZX Centre
11 Cable Street
PO Box 2959
Wellington 6140
New Zealand
Tel +64 4 472 7599

www.nzx.com

11 September 2020

Issue of ordinary shares, and cancellation of performance rights, to employees of
NZX Limited (NZX)

NZX advises that it has issued ordinary shares in NZX to two members of its executive and
management teams because performance rights issued in 2018 and 2019 pursuant to NZX’s
Long Term Incentive Plan have vested and been exercised.

NZX also advises that it has cancelled performance rights issued in 2018 and 2019 pursuant to
NZX’s Long Term Incentive Plan because the rights have vested and been exercised.

The total number of ordinary shares on issue is now 277,415,700.

The total number of performance rights on issue is now 4,994,624.

For further information, please contact:
David Glendining
Head of Communications
T: 09 375 9866
M: 027 301 9248
E: david.glendining@nzx.com

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NZX Limited
Level 1, NZX Centre
11 Cable Street
PO Box 2959
Wellington 6140
New Zealand
Tel +64 4 472 7599

www.nzx.com
Page 1 of 2
11 September 2020
Notice of issue of ordinary shares to employees of NZX Limited (NZX)

This notice is given under NZX Listing Rules 3.13.1 and 3.15.2 and relates to the exercise of
performance rights and the issue of ordinary shares to members of NZX’s executive and
management teams pursuant to NZX’s Long Term Incentive Plan.
Section 1: Issuer information
Name of issuer NZX Limited
NZX ticker code NZX
Class of Financial Product NZX Limited Ordinary Shares
ISIN NZNZXE0001S7
Currency NZD
Section 2: Capital change details
Number issued 40,796
Nominal value (if any) N/A
Issue price No consideration is payable for the issue of the NZX
Limited Ordinary Shares
Nature of the payment N/A
Amount paid up Fully paid
Percentage of total class of Financial
Products issued
0.0147% (as a percentage of NZX Limited Ordinary
Shares in existence immediately prior to this issue, to
four decimal places)
For an issue of Convertible Financial
Products or Options, the principal terms
of Conversion or the Option
40,796 performance rights pursuant to NZX’s Long
Term Incentive Plan exercised on 26 August 2020.
The performance rights give the holder Options to
acquire 40,796 NZX Limited Ordinary Shares, which
may be exercised if the performance rights vest.
Reason for issue and specific authority
for issue
NZX Limited Ordinary Shares issued on exercise of
performance rights issued on 25 October 2018 and
15 March 2019.
Total number of Financial Products of
the Class after the issue and the total
number of Financial Products of the
Class held as Treasury Stock after the
issue.
277,415,700 NZX Limited Ordinary Shares
In the case of an acquisition of shares,
whether those shares are to be held as
treasury stock
No

Page 2 of 2

Listing Rule 3.15.2 – Options issued on 25 October 2018 and 15 March 2019

The following details are provided for the purposes of NZX Listing Rule 3.15.2:

(a) Number of Financial Products converted and the number and class of Quoted Financial
Products into which they have been converted: 40,796 performance rights converted into
40,796 NZX Limited Ordinary Shares (the performance rights give the holder Options to
acquire NZX Limited Ordinary Shares, which may be exercised if the performance rights
vest).

(b) Interest or dividend conditions attaching to the Financial Products into which they have
been converted: None.

(c) Number of Financial Products of the same class remaining to be converted: 4,994,624
performance rights.
Specific authority for the issue Resolutions of directors dated 14 August 2018 and
14 February 2019
Terms or details of the issue All NZX Limited Ordinary Shares issued rank equally
with the existing NZX Limited Ordinary Shares
Date of issue 11 September 2020
Section 3: Authority for this announcement and contact person
Name of person authorised to make this
announcement
David Glendining
Head of Communications
Contact phone number T: 09 375 9866
M: 027 301 9248
Contact email address david.glendining@nzx.com
Date of release via MAP 11 September 2020