Capital Change Notice – Conversion of Convertible Notes

Capital Change Notice




27 September 2021


Notice of issue of ordinary shares upon conversion of Convertible Notes

This notice is given under NZX Listing Rules 3.13.1 and 3.15.2 and relates to the conversion of
subordinated convertible notes issued by Precinct on 27 September 2017 with ticker code
“PCTHA” (“Convertible Notes”), in respect of which fully paid ordinary shares in Precinct
Properties New Zealand Limited have been issued on conversion.

This notice provides details of the conversion of 150,000,000 Convertible Notes issued on 27
September 2017.

Precinct Properties New Zealand Limited no longer has any Convertible Notes on issue.

Section 1: Issuer information
Name of issuer Precinct Properties New
Zealand Limited
NZX ticker code PCT
Class of financial product Ordinary Shares
ISIN (If unknown, check on NZX website) NZAPTE0001S3
Currency New Zealand Dollars
Section 2: NZX Listing Rule 3.13.1 - Capital change details
Number issued 107,142,389
Nominal value (if any) N/A
Issue price per security $1.40
Nature of the payment (for example, cash or other
consideration)
Conversion of Convertible
Notes issued on 27 September
2017
Amount paid up (if not in full) Fully paid ordinary shares
Percentage of total class of Financial Products issued
(calculated on the number of Financial Products of the Class,
excluding any Treasury Stock, in existence)
7.25%
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)
N/A
Reason for issue and specific authority for issue (the reason
for change must be identified here)
Conversion of Convertible
Notes issued on 27 September
2017 pursuant to a directors’
resolution dated 25 August
2017

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.
1,585,380,122

There is no 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
Board resolution dated 25
August 2017 and Listing Rule
4.9.1(b)(i) (previously Listing
Rule 7.3.10(b)(i) on the date of
the resolution).
Terms or details of the issue, acquisition, or redemption (for
example: restrictions, escrow arrangements)
Listed ordinary shares ranking
equally with the existing
ordinary shares on issue in
Precinct Properties New
Zealand Limited
Date of issue 27/09/2021
Section 3: NZ Listing Rule 3.15.2 – Additional Details for Conversion of Financial Products
into Quoted Financial Products
Number of Financial Products converted and the number and
class of Quoted Financial Products into which they have been
converted
150,000,000 Convertible Notes
have been converted into
107,142,389 ordinary shares
Interest or dividend conditions attaching to the Financial
Products into which they have been converted
None
Number of Financial Products of the same class remaining to
be converted
None
Section 4: Authority for this announcement and contact person
Name of person

authorised to make this announcement
Louise Rooney
General Counsel & Company
Secretary
Contact person for this announcement Louise Rooney
Contact phone number (09) 222 0070
Contact email address louise.rooney@precinct.co.nz
Date of release through MAP

27/09/2021