GEN Notice of placement of shares

General Capital Limited
Capital Change Notice



Section 1: Issuer information
Name of issuer General Capital Limited
NZX ticker code GEN
Class of financial product Ordinary Shares
ISIN (If unknown, check on NZX website) NZMYKE0001S9
Currency NZ$
Section 2: Capital change details
Number issued 1,216,136
Nominal value (if any) Not applicable
Issue price per security $0.0625
Nature of the payment (for example, cash or other
consideration)
Cash
Amount paid up (if not in full) Paid in full
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

0.7523%
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)
Not applicable
Reason for issue and specific authority for issue (the reason
for change must be identified here)
The shares were issued under
a placement to a wholesale
investor to expand General
Capital’s working capital.
Approved by a Directors
Resolution dated 31 March
2021 and issued in
accordance with Listing Rule
4.5.
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.
162,873,779
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
Approved by a Directors
Resolution dated 31 March
2021 and issued in
accordance with Listing Rule
4.5.

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

Terms or details of the issue, acquisition, or redemption (for
example: restrictions, escrow arrangements)
The new shares will rank
equally with all other fully paid
shares on issue
Date of issue 31/03/2021
Section 3: Authority for this announcement and contact person
Name of person

authorised to make this announcement Jonathan Clark
Contact person for this announcement Brent King
Contact phone number +64 21 632 660
Contact email address Brent.King@gencap.co.nz
Date of release through MAP

01/04/2021