REDEMPTION AND CONVERSION OF RESTRICTED SHARE RIGHTS

Capital Change Notice


C I T Y
#
ENTERTAINMENT
GROUP
10
September
2021
Redemption
and
Conversion
of
Restricted
Share
Rights
Thisnoticeis
given
under
NZX
Listing
Rules
3.13
.
1
and
3.15
.
2
andrelates
to
the
8
,
720
‘
Tranche
Two
’
restrictedshare
rights
(
Tranche
Two
Restricted
Share
Rights
)
in
SkyCity
Entertainment
Croup
Limited
(
SKC
)
issued
on
10
September
2019
to
participating
SkyCity
employees
underthe
SkyCity
Performance
Incentive
Plan
in
respect
of
the
financial
year
ended
30
June
2019
(
2019
PIP
)
.
EachTranche
Two
Restricted
Share
Right
confers
a
right
to
receive
one
ordinary
share
in
SKC
,
which
,
unlessotherwise
agreedby
theBoard
of
SKC
,
will
only
vest
if
therelevant
employee
remains
continuously
employed
by
SKC
(
ora
company
within
the
SkyCity
Group
)
from
thedate
of
issueuntilthe
vesting
date
on
10
September
2021
.
On
10
September
2021
all
8
,
270
Restricted
Share
Rights
vested
to
eligible
participants
.
NZX
Listing
Rule
3.13
.
1
-
Section
1
:
Issuer
Information
Name
of
issuer
SkyCity
Entertainment
Group
Limited
NZX
tickercode
SKC
Classoffinancial
product
Restricted
Share
Rights
Not
quoted
ISIN
NZX
Listing
Rule
3.13
.
1
-
Section
2
:
Capital
Change
Details
Numberredeemedandconverted
Of
the
8
,
720
Tranche
Two
Restricted
Share
Rights
issued
on
10
September
2019
,
all
8
,
720
Tranche
Two
Restricted
Share
Rights
have
vested
,
resulting
in
the
transferof
8
,
720
ordinary
shares
in
SKC
to
eligible
participants
from
a
corporate
trustee
who
acquires
and
holds
ordinary
shares
on
behalfof
eligible
and
future
participants
pursuant
to
SKC
’
s
employee
incentive
plans
.
No
new
ordinary
shareshavebeenissued
Redemption
/
conversion
price
per
security
Nil
Percentage
of
total
class
of
FinancialProducts
redeemed
/
converted
Tranche
Two
Restricted
Share
Rights
:
0
%
redeemed
100
%
vested
/
converted
Reason
for
redemption
/
conversionand
specific
authority
for
redemption
/
conversion
Vesting
/
conversionand
redemption
of
Restricted
Share
Rights
pursuant
to
the
terms
of
the
SkyCity
Performance
Incentive
Plan
Totalnumber
of
FinancialProducts
of
the
Classafter
the
redemption
/
conversion
Other
restrictedshare
rights
in
SKC
with
different
vesting
conditionsremain
on
issue

-
thedetails
of
whichhavebeendisclosed
at
thetime
of
their
issuance
Specific
authority
for
the
redemption
/
conversion
,
including
a
reference
to
therule
pursuant
to
whichthe
redemption
/
conversionismade
Authorised
by
a
resolution
of
theBoard
Date
of
redemption
/
conversion
10
/
09
/
2021
NZX
Listing
Rule
3.15
.
2
-
Additional
Details
for
Conversion
of
Financial
Products
into
Quoted
Financial
Products
8
,
720
Restricted
Share
Rights
havevested
,
resulting
in
the
transferof
8
,
720
ordinary
shares
in
SKC
to
eligible
participants
from
a
corporate
trustee
who
acquires
and
holds
ordinary
shares
on
behalfof
eligible
and
future
participants
pursuant
to
SKC
'
s
employee
incentive
plans
.
No
new
ordinary
shareshavebeenissued
Number
of
FinancialProductsconvertedandthe
number
and
class
of
Quoted
FinancialProductsinto
which
they
havebeenconverted
Interest
or
dividendconditions
attaching
to
theFinancial
Products
into
which
they
have
been
converted
None
Nil
TrancheTwo
Restricted
Share
Rights
Other
restrictedshare
rights
in
SKC
with
different
vesting
conditionsremain
on
issue
-
the
details
of
whichhave
been
disclosed
at
the
time
of
theirissuance
Number
of
Financial
Products
of
the
same
class
remaining
to
beconverted
Section
3
:
Authority
for
this
Announcement
and
Contact
Person
Jo
Wong
Name
of
person
authorised
to
make
this
announcement
GeneralCounsel
&
CompanySecretary
Contact
person
for
this
announcement
Jo
Wong
Contact
phone
number
(
09
)
3636143
Contact
emailaddress
io
.
wonq
(
a
)
skvcitv
.
co
.
nz
10
/
09
/
2021
Date
of
release
through
MAP