Capital change notice – share rights plan

Kiwi Property Group Limited
Capital Change Notice




Section 1: Issuer information
Name of issuer Kiwi Property Group Limited
NZX ticker code KPG
Class of financial product Unlisted Restricted Share
Rights
ISIN (If unknown, check on NZX website) NZKPGE0001S9
Currency New Zealand Dollars
Section 2: Capital change details
Number issued/acquired/redeemed 160,299 issued
Nominal value (if any) Not applicable
Issue/acquisition/redemption price per security No cash consideration is
payable
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

138% of all existing Restricted
Share Rights
(representing 0.010% of
Ordinary Shares on issue if the
issued Restricted Share Rights
vest or are exercised)
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)
See terms of issue below.
Reason for issue/acquisition/redemption and specific authority
for issue/acquisition/redemption/ (the reason for change must
be identified here)
Restricted Share Rights issued
pursuant to the Kiwi Property
Group Limited Share Rights
Plan.
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.
276,637 unlisted Restricted
Share Rights.
276,637 Ordinary Shares if all
Restricted Share Rights vest or
are exercised.
There is no treasury stock.
In the case of an acquisition of shares, whether those shares
are to be held as treasury stock
Not applicable

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

Specific authority for the issue, acquisition, or redemption,
including a reference to the rule pursuant to which the issue,
acquisition, or redemption is made
Authorised by a board
resolution dated 18 February
2021 and listing rule 4.6.1
Terms or details of the issue, acquisition, or redemption (for
example: restrictions, escrow arrangements)
The number of Restricted
Share Rights are determined
for each participant by dividing
the initial value of the grant by
the volume weighted average
price of Kiwi Property's shares
traded on the NZX Main Board
over the 10 trading days up to
and including the day of grant
of the participant's Restricted
Share Rights. The Restricted
Share Rights are subject to a
three year vesting period from
1 April 2021 ("Vesting Period").
Vesting is subject to the
participant continuing their
employment with Kiwi Property
or a related company of Kiwi
Property for the duration of the
Vesting Period. Upon vesting,
each restricted share right can
be converted into one ordinary
share in Kiwi Property on
exercise for no cash payment.
The Restricted Share Rights
cannot be transferred.
Date of issue/acquisition/redemption
2
22 April 2021
Section 3: Authority for this announcement and contact person
Name of person

authorised to make this announcement Gavin Parker
Contact person for this announcement Gavin Parker
Contact phone number +64 9 359 4012
Contact email address gavin.parker@kp.co.nz
Date of release through MAP

23 April 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).