Capital Change Notice

Capital Change Notice





Section 1: Issuer information
Name of issuer Comvita Limited
NZX ticker code CVT
Class of financial product Partly Paid Ordinary Shares
ISIN (If unknown, check on NZX website) NZCVTE000157
Currency NZD
Section 2: Capital change details
Number issued/acquired/redeemed 610,625
Nominal value (if any) N/A
Issue/acquisition/redemption price per security 255,625 at $11.08, 262,500 at
$5.60, 92,500 at $6.33 (paid up
to $0.01)
Nature of the payment (for example, cash or other
consideration)
Cash
Amount paid up (if not in full) Payment of one cent per share
to Comvita Share Scheme
Trustee Limited upon
redemption
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

0.8751% of issued Ordinary
Shares before this share
forfeited
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)
230,000 shares relate to
employees that have left the
company and are no longer
participating in the Comvita
Limited Partly Paid Share
Scheme. 380,625 shares have
been forfeited as the share price
hurdle was not met
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.
Quoted Ordinary Shares remain
unchanged at 69,779,952.
Performance Share Rights
issued total 121,913.
Partly Paid Shares issued total
617,500.

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

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
Directors Resolution
Listing Rule 4.14.1(d)(ii)
Terms or details of the issue, acquisition, or redemption (for
example: restrictions, escrow arrangements)
Redemption in accordance with
the Rules of the Comvita Limited
Partly Paid Share Scheme
Date of issue/acquisition/redemption
2
1/12/2020
Section 3: Authority for this announcement and contact person
Name of person

authorised to make this announcement Nigel Greenwood
Contact person for this announcement Nigel Greenwood
Contact phone number 027 238 9522
Contact email address Investor.Relations@comvita.com
Date of release through MAP

1/12/2020