Seeka Limited – Notice of Issue of Securities

Capital Change Notice

Updated as at 17 October 2019



Section 1: Issuer information
Name of issuer Seeka Limited
NZX ticker code SEK
Class of financial product Ordinary Shares
ISIN (If unknown, check on NZX website) NZSEKE0001S8
Currency
NZD
Section 2: Capital change details
Number issued/acquired/redeemed 7,042,574
Nominal value (if any) NA
Issue/acquisition/redemption price per security The cancellation of shares in
Opotiki Packing and Cool Storage
Limited (“OPAC”) in the ratio of
1.4833 shares in Seeka for each
share in OPAC, based on a price
of $4.82 per Seeka share (equal
to the VWAP of shares traded
over 10 business days, finishing
on 24 March 2021, with all
fractions of Seeka Shares
rounded up to the next whole
number)
Nature of the payment (for example, cash or other consideration)
Other consideration - Issued in
connection with the acquisition by
Seeka of OPAC by way of an
Amalgamation of OPAC and
Seeka Eastern Star Limited (a
wholly-owned subsidiary of Seeka
Limited to be renamed Seeka
OPAC Limited) under section 223
of the Companies Act 1993 as set
out above, which is due to
become effective today.
Amount paid up (if not in full) NA – Fully Paid
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

21.744662% (as a percentage of
Seeka Limited Ordinary shares in
existence immediately prior to this
issue, to six decimal places)
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

NA

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

to other Classes of Financial Product) or the Option (for example, the
exercise price and exercise date)
Reason for issue/acquisition/redemption and specific authority for
issue/acquisition/redemption/ (the reason for change must be
identified here)
Issued in connection with the
acquisition by Seeka of OPAC by
way of an Amalgamation of OPAC
and Seeka Eastern Star Limited
(a wholly-owned subsidiary of
Seeka Limited to be renamed
Seeka OPAC Limited) under
section 223 of the Companies Act
1993
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.

39,430,174 Seeka Limited
Ordinary Shares
In the case of an acquisition of shares, whether those shares are to
be held as treasury stock
NA
Specific authority for the issue, acquisition, or redemption, including
a reference to the rule pursuant to which the issue, acquisition, or
redemption is made
Amalgamation Proposal and
Board Resolution dated 24 March
2021
Terms or details of the issue, acquisition, or redemption (for
example: restrictions, escrow arrangements)
The shares will rank equally in all
respects with existing ordinary
shares


Date of issue/acquisition/redemption
2

4/5/2021
Section 3: Authority for this announcement and contact person
Name of person

authorised to make this announcement Stuart McKinstry
Contact person for this announcement Stuart McKinstry
Contact phone number 0212215583
Contact email address stuartm@seeka.co.nz
Date of release through MAP

4/5/2021






2
The percentage is to be calculated immediately before the issue, acquisition, redemption or Conversion.
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).