Issue of ordinary shares and performance rights

NZX Limited
Level 1, NZX Centre
11 Cable Street
PO Box 2959
Wellington 6140
New Zealand
Tel +64 4 472 7599

www.nzx.com

15 March 2021

Issue of ordinary shares and
performance rights to employees of NZX Limited
(NZX)


NZX advises that it has issued $1,000 of ordinary shares (gross of tax) in NZX to each of its
employees as at 1 February 2021 who have joined or become permanent employees of NZX
since NZX’s previous issue of $1,000 of ordinary shares to employees as at 3 February 2020.

NZX also advises that it has issued performance rights to the members of its executive and
management teams pursuant to NZX’s Long Term Incentive Plan. The performance rights give
the holder options to acquire ordinary shares in NZX, which may be exercised if the
performance rights vest. The vesting period for the performance rights is 1 January 2021 to 31
December 2023.

NZX also advises that a portion of the performance rights issued to the members of its
executive and management teams in 2018 have vested, and that a portion have lapsed. These
vested performance rights give the holder the options to acquire ordinary shares in NZX. NZX
has issued ordinary shares to each holder that has exercised the options.


The total number of ordinary shares on issue is now 278,539,133.

The total number of performance rights on issue is now 4,933,954.


The attached information is supplied pursuant to NZX Listing Rule 3.13.1.

For further information, please contact:
David Glendining
Head of Communications
T: 09 375 9866
M: 027 301 9248
E: david.glendining@nzx.com

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NZX Limited
Level 1, NZX Centre
11 Cable Street
PO Box 2959
Wellington 6140
New Zealand
Tel +64 4 472 7599

www.nzx.com
Page 1 of 2

15 March 2021
Notice of issue of ordinary shares to employees of NZX Limited (NZX)

This notice is given under NZX Listing Rule 3.13.1 and relates to the issue of $1,000 worth of
ordinary shares (gross of tax) in NZX to every permanent employee of NZX (full-time and part-
time) as at 1 February 2021 who has joined or become a permanent employee of NZX since
NZX's previous issue of $1,000 of ordinary shares to employees as at 3 February 2020
(
Specified Employees
).
Section 1: issuer information
Name of issuer NZX Limited
NZX ticker code NZX
Class of Financial Product NZX Limited Ordinary shares
ISIN NZNZXE0001S7
Section 2: capital change details
Number issued
16,726
Nominal value (if any) N/A
Issue price No consideration is payable for the issue of the NZX
Limited Ordinary Shares
Nature of the payment N/A
Amount paid up Fully paid
Percentage of total class of Financial
Products issued
0.0060% (as a percentage of NZX Limited Ordinary
Shares in existence immediately prior to this issue
and the issue of 521,276 NZX Ordinary Shares to
participants in the NZX Limited Employee Share
Plan, to four decimal places)
For an issue of Convertible Financial
Products or Options, the principal
terms of Conversion or the Option
N/A
Reason for issue and specific
authority for issue
The issue of the shares will: (1) increase the
engagement of Specified Employees; (2) encourage
cultural change in order to deliver on NZX's strategy;
and (3) align the interests of Specified Employees
with that of NZX's shareholders, by encouraging
them to think like shareholders.

Total number of Financial Products
of the Class after the issue and the
total number of Financial Products of
the Class held as Treasury Stock
after the issue.
278,539,133 NZX Limited Ordinary Shares (includes
the issue of 521,276 NZX Limited Ordinary Shares to
participants in the NZX Limited Employee Share
Plan, to four decimal places)

No Treasury Stock held

Page 2 of 2

In the case of an acquisition of
shares, whether those shares are to
be held as treasury stock
No
Specific authority for the issue
Resolution of directors dated 15 February 2021

Terms or details of the issue
The terms of the issue of shares are: (1) Specified
Employees will be issued $1,000 (gross of tax) of the
NZX Limited Ordinary Shares in a one-off grant; (2)
Specified Employees will not be able to decline the
grant of shares; (3) the number of shares a Specified
Employee receives will be determined by reference
to the volume weighted average price of the NZX
Limited Ordinary Shares on the NZX Main Board
during the five business days before the issue date;
(4) there will be no performance, tenure or other
requirement placed on any Specified Employee in
order to receive the shares; (5) Specified Employees
will not pay any consideration, whether in cash or
otherwise, for the shares; and (6) there will be no
restrictions on the shares once they have been
transferred to a Specified Employee.
Date of issue 15 March 2021
Section 3: authority for this announcement
Name of person authorised to make
this announcement
David Glendining
Head of Communications
Contact phone number
T: 09 375 9866
M: 027 301 9248
Contact email address david.glendining@nzx.com
Date of release via MAP 15/03/2021

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NZX Limited
Level 1, NZX Centre
11 Cable Street
PO Box 2959
Wellington 6140
New Zealand
Tel +64 4 472 7599

www.nzx.com
Page 1 of 2

15 March 2021
Notice of issue and lapsing of performance rights to employees of NZX Limited
(NZX)
This notice is given under NZX Listing Rule 3.13.1 and relates to the issue and lapsing of
performance rights to members of NZX’s executive and management teams pursuant to NZX’s
Long Term Incentive Plan.
Section 1: issuer information
Name of issuer NZX Limited
NZX ticker code NZX
Class of Financial Product Performance rights which give the holder options to
acquire NZX Limited Ordinary Shares.
ISIN N/A
Section 2: capital change details
Number issued
746,172 performance rights

Nominal value (if any) N/A
Issue price No consideration is payable for the issue of the
performance rights
Nature of the payment N/A
Amount paid up N/A
Percentage of total class of Financial
Products issued
17.8178% (as a percentage of performance rights in
existence immediately prior to this issue, but after the
cancellation of the performance rights issued in 2018
including the 285,566 which lapsed due to failure to
satisfy vesting conditions, to four decimal places)

The principal terms of Conversion or
the Option
Issue of performance rights pursuant to NZX’s Long
Term Incentive Plan. The performance rights give the
holder options to acquire NZX Limited Ordinary
Shares, which may be exercised if the performance
rights vest. An executive team member’s
performance rights will vest if NZX meets
performance hurdles in respect of its total return to
shareholders and the growth in its earnings per
share, and on the executive team member remaining
an employee of the NZX Group for the duration of the
three year vesting period. A management team
member’s performance rights will vest on the
management team member remaining an employee
of the NZX Group for the duration of the three year
vesting period

Page 2 of 2

Reason for issue and specific
authority for issue
Issue of performance rights pursuant to NZX’s Long
Term Incentive Plan, as authorised by the resolution
of directors dated 15 February 2021
Total number of Financial Products
of the Class after the issue
(excluding Treasury Stock) and the
total number of Financial Products of
the Class held as Treasury Stock
after the issue.
4,933,954
No Treasury Stock held
In the case of an acquisition of
shares, whether those shares are to
be held as treasury stock
No
Specific authority for the issue Resolution of directors dated 15 February 2021
Terms or details of the issue See “The principal terms of Conversion or the
Option” above.
Date of issue 15 March 2021
Section 3: authority for this announcement
Name of person authorised to make
this announcement
David Glendining
Head of Communications
Contact phone number
T: 09 375 9866
M: 027 301 9248
Contact email address david.glendining@nzx.com
Date of release via MAP 15/03/2021

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NZX Limited
Level 1, NZX Centre
11 Cable Street
PO Box 2959
Wellington 6140
New Zealand
Tel +64 4 472 7599

www.nzx.com
Page 1 of 2
15 March 2021
Notice of issue of ordinary shares to employees of NZX Limited (NZX)

This notice is given under NZX Listing Rules 3.13.1 and 3.15.2 and relates to the exercise of
performance rights and the issue of ordinary shares to members of NZX’s executive and
management teams pursuant to NZX’s Long Term Incentive Plan.
Section 1: issuer information
Name of issuer NZX Limited
NZX ticker code NZX
Class of Financial Product NZX Limited Ordinary Shares
ISIN NZNZXE0001S7
Section 2: capital change details
Number issued 521,276
Nominal value (if any) N/A
Issue price No consideration is payable for the issue of the NZX
Limited Ordinary Shares
Nature of the payment N/A
Amount paid up Fully paid
Percentage of total class of Financial
Products issued
0.1875% (as a percentage of NZX Limited Ordinary
Shares in existence immediately prior to this issue
and the issue of 16,726 NZX Limited Ordinary
Shares to every permanent employee of NZX
(fulltime and part-time) as at 1 February 2021 who
has joined or become a permanent employee of NZX
since NZX's previous issue of $1,000 worth of
ordinary shares to employees as at 3 February 2020,
to four decimal places)
For an issue of Convertible Financial
Products or Options, the principal
terms of Conversion or the Option
N/A
Reason for issue and specific
authority for issue
NZX Limited Ordinary Shares issued on exercise of
performance rights issued on 25 October 2018
pursuant to NZX’s Long Term Incentive Plan.
Total number of Financial Products
of the Class after the issue and the
total number of Financial Products of
the Class held as Treasury Stock
after the issue.
278,539,133 NZX Limited Ordinary Shares (includes
the issue of 16,726 NZX Limited Ordinary Shares to
every permanent employee of NZX (fulltime and part-
time) as at 1 February 2021 who has joined or
become a permanent employee of NZX since NZX's
previous issue of $1,000 worth of ordinary shares to
employees as at 3 February 2020)

Page 2 of 2

Listing Rule 3.15.2 – Options issued on 25 October 2018

The following details are provided for the purposes of NZX 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: 521,276 performance rights converted into
521,276 NZX Limited Ordinary Shares (the performance rights give the holder Options to
acquire NZX Limited Ordinary Shares, which may be exercised if the performance rights
vest).

(b) Interest or dividend conditions attaching to the Financial Products into which they have
been converted: None.

(c) Number of Financial Products of the same class remaining to be converted: 4,933,954
performance rights.
In the case of an acquisition of
shares, whether those shares are to
be held as treasury stock
No
Specific authority for the issue Resolution of directors dated 14 August 2018
Terms or details of the issue All NZX Limited Ordinary Shares issued rank equally
with the existing NZX Limited Ordinary Shares
Date of issue 15 March 2021
Section 3: authority for this announcement
Name of person authorised to make
this announcement
David Glendining
Head of Communications
Contact phone number T: 09 375 9866
M: 027 301 9248
Contact email address david.glendining@nzx.com
Date of release via MAP 15/3/2021