Capital Change Notice

Capital Change Notice

Updated as at 17 October 2019



This notice is given under NZX Listing Rule 3.13.1 and 3.15.2 and relates to the automatic
exercise and reclassification of redeemable ordinary shares into ordinary shares under SPK's
Performance Equity Scheme ("PES").

Section 1: Issuer information
Name of issuer Spark New Zealand Limited
NZX ticker code SPK
Class of financial product Ordinary shares
ISIN (If unknown, check on NZX website) NZTELE0001S4
Currency NZD
Section 2: Capital change details
Number issued/acquired/redeemed 99,058 ordinary shares as
reclassified pursuant to the
PES
Nominal value (if any) N/A
Issue/acquisition/redemption price per security N/A
Nature of the payment (for example, cash or other
consideration)
N/A
Amount paid up (if not in full) N/A
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

0.005% of the ordinary shares
in Spark NZ (based on the
number of ordinary shares
currently on issue)
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)
Ordinary shares issued as a
result of the vesting and
automatic exercise of time-
based rights granted on 19
September 2018 as part of the
PES.
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.
1,837,144,001 ordinary shares
In the case of an acquisition of shares, whether those shares
are to be held as treasury stock
N/A

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

Specific authority for the issue, acquisition, or redemption,
including a reference to the rule pursuant to which the issue,
acquisition, or redemption is made
Ordinary resolution of
shareholders on 6 November
2015 and a Board resolution
dated 21 August 2018
Terms or details of the issue, acquisition, or redemption (for
example: restrictions, escrow arrangements)
The terms and details of the
issue are set out in the PES
Grant Letter. The shares rank
pari passu with existing
ordinary shares.
Date of issue/acquisition/redemption
2
21/09/2020
Section 3: Authority for this announcement and contact person
Name of person

authorised to make this announcement
Silvana Roest, Company
Secretary
Contact person for this announcement Silvana Roest
Contact phone number +64 9 359 6413
Contact email address silvana.roest@spark.co.nz
Date of release through MAP

21/09/2020




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.



b) Details of any interest or dividend
conditions attaching to the Financial Products
into which they have been converted.

c) Number of Financial Products of the same
class that remain to be converted.







99,058 redeemable ordinary shares issued
pursuant to the PES automatically converted into

99,058 ordinary shares.


None


111,003 redeemable ordinary shares issued
pursuant to the PES



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).