Capital Change Notice

Template
Capital Change Notice

Updated as at 17 October 2019


Section 1: Issuer information
Name of issuer Pacific Edge Limited
NZX ticker code PEB
Class of financial product Options to acquire Ordinary
Shares
ISIN (If unknown, check on NZX website) NZPEBE0002S1
Currency NZD
Section 2: Capital change details
Number issued/acquired/redeemed 335,000
Nominal value (if any) Not applicable
Issue/acquisition/redemption price per security Incentive Options have an
exercise price of NZD$0.80
per share payable in cash.
Nature of the payment (for example, cash or other
consideration)
Not applicable
Amount paid up (if not in full) Not Applicable
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 100% of the options were
to vest and be exercised on
the date of this notice of
allotment, it would represent
0.05% of the Ordinary
Shares 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)
a. Subject to the
continuous employment
of the relevant Option
Holder with either the
Company or a
subsidiary of the
Company, the Options
available to the relevant
Option Holder will vest
in the Option Holder on
the first anniversary of
their Date of
Employment as
recorded in the
Schedule of the relevant
Option Agreement. If
the Option Holder dies
or ceases employment

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

with the Company or a
subsidiary of the
Company due to
disability then all of the
Options that have not
yet vested will
immediately vest in the
Option Holder as at the
date of death or
disability.
b. The Options must be
exercised within a
period of ten years of
their vesting date.
c. Consideration of
NZD$0.80 per share is
payable in cash on the
exercise of any of the
Options. Any shares
issued pursuant to the
Options will rank pari
passu with existing
ordinary shares in the
Company.
Reason for issue/acquisition/redemption and specific
authority for issue/acquisition/redemption/ (the reason for
change must be identified here)
Issue of options as part of
Pacific Edge Limited’s long
term incentive plan for
employees
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.
726,077,350 ordinary
shares and 17,931,830
options outstanding
In the case of an acquisition of shares, whether those
shares are to be held as treasury stock
Not Applicable
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
dated 23 Dec 2020 and
Listing Rule 4.6.1.
Terms or details of the issue, acquisition, or redemption
(for example: restrictions, escrow arrangements)
Detailed above
Date of issue/acquisition/redemption
2
23 December 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).

Template
Capital Change Notice

Updated as at 17 October 2019


Section 3: Authority for this announcement and contact person
Name of person authorised to make this announcement Grant Gibson
Contact person for this announcement Grant Gibson
Contact phone number +64 3 479 5800
Contact email address grant.gibson@pelnz.com
Date of release through MAP 31/12/2020