Comvita Leadership Team take up 738,012 shares

21 May 2021
Comvita Leadership Team take up 738,012 Shares

Leader Share & Loan Purchase Plan
As announced on 25 March 2021, Comvita Limited (CVT) has established a Leader Share Purchase & Loan
scheme to retain key employees and materially align the interests of participants with those of shareholders,
by making loans available to eligible employees for the acquisition of fully paid ordinary shares in Comvita
("Shares"). The terms of the scheme are as summarised in the 25 March announcement.

Comvita has now issued a total of 368,012 new ordinary shares and transferred a total of 370,000 ordinary
shares from treasury stock to members of its Senior Leadership Team. The market value of the shares was
calculated using the five-day volume weighted average share price (VWAP) at which Comvita’s shares traded
on the NZX Main Board Market prior to 25 March 2021 (being the date the Leaders Share Purchase and Loan
Scheme was offered and accepted by the participants). The required disclosure in accordance with Listing
Rule 3.13 accompanies this announcement.

Financial Assistance
Under section 80(1)(b) of the Companies Act 1993, Comvita is required to provide NZX Limited with the
following notice in respect of the financial assistance provided to certain employees. This notice is for
information only and no action is required.

In accordance with section 80(1)(b) of the Companies Act 1993, Comvita makes the following disclosure
with respect to the financial assistance provided:
Class and Number of Shares which
Financial Assistance relates to:
738,012 Ordinary CVT Shares
Consideration in respect of which
Financial Assistance is provided:
$3.10 per share
Identity of persons receiving the
Financial Assistance
1. Adrian Barr
2. Andy Chen
3. Corey Blick
4. David Banfield
5. Holly Brown
6. Jackie Evans
7. Nigel Greenwood
8. Tracy Brown
Nature and Amount of Financial
Assistance
• Four-year, interest bearing loan totalling NZ$2,287,842 in
aggregate
• The term of the loans will be four years, intended to tie to the
Comvita Five Year Plan
• The loan is offered under full recourse conditions and is
interest-bearing
• Any dividends payable will be applied and offset against the
loan balance
Date Assistance was provided 21 May 2021

ENDS

Brett Hewlett David Banfield
Chair Group CEO

For further information contact:
Kelly Bennett, One Plus One Communications
Mobile: +64 21 380 035
Email: kelly.bennett@oneplusonegroup.co.nz


Background information
About Comvita (www.comvita.co.nz) Comvita (NZX:CVT) was founded in 1974 and is the pioneer and global market leader
of the Mānuka honey category. Comvita is committed to the long-term development of Mānuka and Bee products backed
by unrivalled scientific knowhow. Comvita recently announced its sponsorship of the NZ pavilion at the World Expo in
Dubai focusing on Kaitiakitanga (guardianship and protection of the planet).

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Capital Change Notice

Updated as at 17 October 2019

Section 1: Issuer information
Name of issuer Comvita Limited
NZX ticker code CVT
Class of financial product Ordinary Shares
ISIN (If unknown, check on NZX website) NZCVTE0001S7
Currency NZD
Section 2: Capital change details
Number issued/acquired/redeemed 368,012 shares issued
370,000 shares transferred
from treasury stock
Nominal value (if any) Not applicable
Issue/acquisition/redemption price per security $3.10
Nature of the payment (for example, cash or other consideration) Satisfied by a loan by the
company to the recipients
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

1.06%
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)
NA
Reason for issue/acquisition/redemption and specific authority for
issue/acquisition/redemption/ (the reason for change must be
identified here)
Pursuant to the share purchase
and loan scheme for senior
executives, announced on 26
March 2021
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.
70,299,865 ordinary shares
1,936 treasury stock
In the case of an acquisition of shares, whether those shares are to
be held as treasury stock
No
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 Resolution
Listing Rule 4.6.1
Terms or details of the issue, acquisition, or redemption (for
example: restrictions, escrow arrangements)
Issue of ordinary shares and
transfer of treasury stock to
rank equally with all other
shares on issue

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

Date of issue/acquisition/redemption
2
21/05/2021
Section 3: Authority for this announcement and contact person
Name of person

authorised to make this announcement Nigel Greenwood
Contact person for this announcement Nigel Greenwood
Contact phone number 027 238 9522
Contact email address nigel.greenwood@comvita.com
Date of release through MAP

21/05/2021




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).