PCTHA Subordinated Convertible Notes Conversion price

Precinct Properties New Zealand Limited Head Office Wellington Office
E hello@precinct.co.nz Level 12, 188 Quay Street, Auckland 1010 T 0800 400 599 Level 19, 157 Lambton Quay, Wellington T 0800 400 599
W www.precinct.co.nz PO Box 5140, Auckland 1141, New Zealand F +64 9 927 1655 PO Box 2, Wellington 6140, New Zealand F +64 4 494 2267
NZX announcement – 20 September 2021
PCTHA Subordinated Convertible Notes Conversion price

Further to the announcement made on 9 September 2021, Precinct Properties New Zealand
Limited (Precinct) (NZX: PCT) announces that the final Conversion Price of the subordinated
convertible notes (Notes) under the NZX ticker code PCTHA is $1.40, which is the lesser of:
1. the Conversion Price Cap of $1.40; and
2. a 2% discount to the Market Price being $1.66
The Market Price of $1.6914 has been determined based on the arithmetic average of the
daily volume weighted average price of Precinct ordinary shares traded through the NZX
Main Board in the 20 Business Days prior to (but not including) the date of this announcement,
which is the Conversion Announcement Date.
Settlement, allotment and commencement of trading of newly converted Precinct ordinary
shares will occur on the Conversion Date, 27 September 2021. Shares issued on Conversion
will be fully paid and rank equally with all other existing Precinct ordinary shares on issue.
Further details of the terms of the Notes are set out in the Final Terms Sheet dated 4 September
2017 and the Product Disclosure Statement dated 25 August 2017 (the “PDS”), both available
on Precinct’s website under:
https://www.precinct.co.nz/investors/bondholder-and-
noteholder-information.
Capitalised terms used in this announcement have the same meaning as in the PDS.
ends-

Precinct Properties New Zealand Limited Head Office Wellington Office
E hello@precinct.co.nz Level 12, 188 Quay Street, Auckland 1010 T 0800 400 599 Level 19, 157 Lambton Quay, Wellington T 0800 400 599
W www.precinct.co.nz PO Box 5140, Auckland 1141, New Zealand F +64 9 927 1655 PO Box 2, Wellington 6140, New Zealand F +64 4 494 2267
For further information, please contact:
Scott Pritchard
Chief Executive Officer
Mobile: +64 21 431 581
Email: scott.pritchard@precinct.co.nz

George Crawford
Deputy Chief Executive Officer
Mobile: +64 21 384 014
Email: george.crawford@precinct.co.nz

Richard Hilder
Chief Financial Officer
Mobile: +64 29 969 4770
Email: richard.hilder@precinct.co.nz



About Precinct (PCT)
Precinct is New Zealand’s only listed city centre specialist investing predominantly in premium
and A-grade commercial office property. Listed on the NZX Main Board, PCT currently owns
Auckland’s HSBC Tower, AON Centre, Jarden House, One Queen Street, 204 Quay Street,
Mason Bros. Building, 12 Madden Street, 10 Madden Street, PwC Tower and Commercial Bay
Retail; and Wellington’s AON Centre, NTT Tower, Central on Midland Park, No. 1 and No. 3 The
Terrace, Mayfair House, Charles Fergusson Building, Defence House, Bowen House and
Freyberg Building.
Precinct owns Generator NZ, New Zealand’s premier flexible office space provider. Generator
currently offers 13,600 square metres of space across four locations in Auckland.