Employee Share Option Plan

Capital Change Notice

Updated as at 8 May 2019


Section 1: Issuer information
Name of issuer Solution Dynamics Limited
NZX ticker code SDL
Class of financial product Employee Options
ISIN (If unknown, check on NZX website) NZSDLE0001S8
Currency NZD
Section 2: Capital change details
Number issued/acquired/redeemed 80,000
Nominal value (if any) n/a
Issue/acquisition/redemption price per security Nil on issue
Nature of the payment (for example, cash or other
consideration)
n/a
Amount paid up (if not in full) Nil on issue
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

If these options were exercised
on the date of this notice, the
number of ordinary shares that
would be issued would
constitute 0.546% of the
ordinary shares then 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)
The options have an exercise
price of $2.60 per share.
The terms of each option are as
set out in the SDL Employee
Share Option Plan (which is
embodied in a Share Option Deed
entered into with the relevant
participant.
The options may be exercised by
the participant (in whole or part) in
the period from 3-years to 4.5
years from the date granted.
The relevant key employee must
be employed by SDL on the date
that the options are exercised.
Reason for issue/acquisition/redemption and specific authority
for issue/acquisition/redemption/ (the reason for change must
be identified here)
Issue of share options under
the Employee Share Option
Plan, approved by the Board
on 1 October 2020 and
accepted by the key employee
on 16 November 2020.


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

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.
Currently there are 160,000
options on issue. The present
issue will increase that number to
240,000.
If these options, and all other
employee options on issue were
exercised on the date of this
notice, the number of ordinary
shares on issue would be
14,879,810.
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
Board resolution 1 October
2020.
Terms or details of the issue, acquisition, or redemption (for
example: restrictions, escrow arrangements)
See principal terms above.
Date of issue/acquisition/redemption
2
16/11/2020
Section 3: Authority for this announcement and contact person
Name of person

authorised to make this announcement Chris Veale
Contact person for this announcement Chris Veale
Contact phone number +64 21 855142
Contact email address
chrisve@solutiondynamics.com
Date of release through MAP

16/11/2020




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).