Capital Change Notice

Capital Change Notice

Capital Change Notice (Placement and Institutional Offer)
Page 1 of 3


Section 1: Issuer information
Name of issuer Asset Plus limited
NZX ticker code APL
Class of financial product Ordinary shares
ISIN (If unknown, check on NZX website) NZNAPE0007S3
Currency NZD
Section 2: Capital change details
Number issued/acquired/redeemed
95,568,552 ordinary shares, being:
• 40,480,108 ordinary shares issued
under the placement announced to NZX
on 10 September 2020; and
• 55,088,444 ordinary shares issued
under the institutional component of the
accelerated non-renounceable
entitlement offer announced to NZX on
10 September 2020.
Nominal value (if any)
N/A
Issue/acquisition/redemption price per security
$0.30 per ordinary share
Nature of the payment (for example, cash or other
consideration)
Cash
Amount paid up (if not in full)
Fully paid
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)
59.02%
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)
N/A

Reason for issue/acquisition/redemption and
specific authority for issue/acquisition/redemption/
(the reason for change must be identified here)
Issue of ordinary shares under the placement
and the institutional component of the
accelerated non-renounceable entitlement
offer (Institutional Offer) announced to NZX
on 10 September 2020, authorised by Board
resolution dated 9 September 2020.

17,000,000 new ordinary shares have also
been allocated (but not yet settled or allotted)
to Augusta Capital Limited under the
Institutional Offer, with settlement and
allotment expected to occur on 2/10/20. The
settlement and allotment of these shares is
expected to occur upon settlement and
allotment of the retail component of the
entitlement offer. This deferred allotment is to
ensure that Augusta Capital Limited maintains
a less than 20% shareholding in Asset Plus
Limited in order to preserve Asset Plus
Limited’s PIE status. 2,000,000 new ordinary
shares have also been allocated (but not yet
settled or allotted) to Salt Funds Management
Limited under the Institutional Offer, with
settlement and allotment expected to occur
on 2/10/20. The settlement and allotment of
these shares is expected to occur upon
settlement and allotment of the retail
component of the entitlement offer. This
deferred allotment is to ensure that Salt
Funds Management maintains a less than
20% shareholding in Asset Plus Limited in
order to preserve Asset Plus Limited’s PIE
status.
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.
257,488,985 ordinary shares
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 on 9 September 2020.
The placement is made pursuant to NZX
Listing Rule 4.5.1 (as modified by a class
waiver granted by NZX Regulation on 19
March 2020).
The accelerated non-renounceable
entitlement offer is being conducted in
accordance with the class waiver from NZX
Listing Rule 4.1.1 in relation to ANREOs
granted by NZX Regulation on 26 March
2020.
Terms or details of the issue, acquisition, or
redemption (for example: restrictions, escrow
arrangements)
Issue of ordinary shares which rank equally
with all other fully paid ordinary shares in
Asset Plus Limited
Date of issue/acquisition/redemption
16/09/2020

Capital Change Notice

Capital Change Notice (Placement and Institutional Offer)
Page 3 of 3
Section 3: Authority for this announcement and contact person
Name of person

authorised to make this announcement Simon Woollams
Contact person for this announcement Simon Woollams
Contact phone number +64 9 358 7937
Contact email address simon@augusta.co.nz
Date of release through MAP

16/09/2020