Capital Change Notice for retail entitlement offer

Capital Change Notice

26458436_Project Ernie - Capital Change Notice (Retail Offer and Deferred Shares) (28.9) (003)
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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
105,228,816 ordinary shares, being:
• 86,228,816 ordinary shares
issued under the retail
component of the accelerated
non-renounceable entitlement
offer announced to NZX on 10
September 2020; and
• 17,000,000 ordinary shares
issued to Augusta Capital
Limited and 2,000,000 ordinary
shares issued to Salt Funds
Management Limited under the
placement and the institutional
component of the accelerated
non-renounceable entitlement
offer (Institutional 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)
40.87%
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 retail component of
the accelerated non-
renounceable entitlement offer;
and
• to Augusta Capital Limited and
Salt Funds Management

Limited under the Institutional
Offer as a result of settlement
of such shares being deferred
to ensure Asset Plus Limited’s
PIE status is maintained (as
further described in the capital
change notice released on 16
September 2020),
each announced to NZX on 10
September 2020, authorised by
Board resolution dated 9 September
2020.
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.
362,717,801 ordinary 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,
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
2/10/2020
Section 3: Authority for this announcement and contact person
Name of person

authorised to make this announcement Luke Fitzgibbon
Contact person for this announcement Luke Fitzgibbon
Contact phone number +64 9 320 5591
Contact email address luke@augusta.co.nz
Date of release through MAP

2/10/2020