Accordant Group – Capital Change Notice

Template
Capital Change Notice

Updated as at 17 October 2019



Section 1: Issuer information
Name of issuer Accordant Group Limited
NZX ticker code AGL
Class of financial product Restricted Shares
ISIN (If unknown, check on NZX website) NZAWFE0001S8
Currency NZ Dollars
Section 2: Capital change details
Number issued/acquired/redeemed 21,000 “F” Restricted shares;
6,000 “G” Restricted shares;
and 9,000 “H” Restricted
shares
Nominal value (if any) Unallocated
Issue/acquisition/redemption price per security 21,000 “F” shares $2.57; 6,000
“G” at $1.90; 9,000 “H” shares
at $1.90
Nature of the payment (for example, cash or other
consideration)
Redemption
Amount paid up (if not in full) $Nil
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

17.07% of “F” Restricted
shares; and 3.49% of “G”
Restricted shares; and 3.24%
of “H” Restricted shares
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)
Restricted “F”, “G” and “H”
shares are restricted and are
unable to be traded until
reclassified as ordinary shares
on the relevant "Qualification
Date" (subject to the holder
remaining employed with
Accordant and the repayment
of any loans made by
Accordant to the holder in
respect of the
shares). Restricted “F”, “G”
and “H” shares rank pari passu
with existing ordinary shares in
respect of rights to dividends
and other distributions and
voting right
Reason for issue/acquisition/redemption and specific authority
for issue/acquisition/redemption/ (the reason for change must
be identified here)
Under the Rules of the
Restricted share schemes the
Restricted shares must either

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

be Converted (or Redeemed)
by 1 January 2023 (“F”), 1 July
2022 (G”); and 1 January 2025
(“H”) respectively.
Total number of Financial Products of the Class after the
redemption (excluding Treasury Stock) and the total number of
Financial Products of the Class held as Treasury Stock after
the issue/acquisition/redemption.
102,000 “F”, 166,000 “G”; and
269,000 “H” Restricted 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
Directors’ circular Resolution
11 March 2021 Rule 3.13.1
Terms or details of the issue, acquisition, or redemption (for
example: restrictions, escrow arrangements)
The aggregate redemption price
is to be applied by Accordant in
full repayment of the loan made
by Accordant to the holder in
respect of the Restricted “F”, “G”
and “H” shares.
Date of redemption
2
26 March 2021
Section 3: Authority for this announcement and contact person
Name of person

authorised to make this announcement Tony Staub
Contact person for this announcement Tony Staub
Contact phone number +64 9 526 8797
Contact email address tony.staub@accordant.nz
Date of release through MAP

26 March 2021




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).