AWF Madison – Capital Change Notice – Rule 3.13.1

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 150,000 “I” Restricted Shares
and 250,000 “J” Restricted
Shares
Nominal value (if any) Unallocated
Issue price per security $1.50
Nature of the payment (for example, cash or other
consideration)
Cash
Amount paid up (if not in full) $Nil
Percentage of total class of Financial Products issued
(calculated on the number of Financial Products of the
Class, excluding any Treasury Stock, in existence)
1

%100
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)
(a) Issue/Conversion price is $1.50.
Conversion date for Restricted “I”
shares is from 1 July 2023; and for
Restricted “J” shares is from 1
January 2025. “I” and “J”
Restricted Shares rank pari passu
with existing ordinary shares in
respect of rights to dividends and
other distributions and voting
rights.
Reason for issue/acquisition/redemption and specific
authority for issue/acquisition/redemption/ (the reason for
change must be identified here)
(b) Issued under the Group 2020
Restricted Share scheme; Board
Resolution dated 17 September
2020
Total number of Financial Products of the Class after the
issue (excluding Treasury Stock) and the total number of
Financial Products of the Class held as Treasury Stock after
the issue/acquisition/redemption.
150,000 “I” Restricted shares and
250,000 “J” Restricted shares
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,
Board Resolution 17/9/20
Rule 3.13.1

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

acquisition, or redemption is made
Terms or details of the issue, acquisition, or redemption (for
example: restrictions, escrow arrangements)
“I” and “J” 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).
Date of issue/acquisition/redemption
2
18/09/2020
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 021449965
Contact email address david.lazarus@awfmadison.co.nz
Date of release through MAP

18/09/2020




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).