Share Issue – Performance Share Rights Scheme

Capital Change Notice




Notice of issue of Performance Share Rights under the Comvita Limited (“CVT” or “Company”)
Performance Share Rights Scheme (“Scheme”). This notice is given under the NZX Listing Rules
3.13.1 and 3.15.2 and relates to the conversion of performance share rights (“PSR’s” into fully
paid ordinary shares in CVT upon certain vesting conditions being met under the Scheme.


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 36,008 Ordinary Shares
Nominal value (if any) Not applicable
Issue/acquisition/redemption price per security Not applicable
Nature of the payment (for example, cash or other
consideration)
Not applicable
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

0.0513% of all Ordinary Shares
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)
Not applicable
Reason for issue/acquisition/redemption and specific authority
for issue/acquisition/redemption/ (the reason for change must
be identified here)
Issue of Ordinary Shares
arising from conversion of
PSR’s issued to Company
Executives under the Scheme
to incentivise executives. This
issue represents one-third of
each participant’s entitlement
under the Scheme for the
financial year ended 30 June
2020, following vesting
conditions being met (with the
remaining two-thirds to vest in
future years subject to vesting
conditions being met).
Total number of Financial Products of the Class after the
issue/acquisition/redemption/Conversion (excluding Treasury
62,756 PSR’s issued on 25
September 2020

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

Stock) and the total number of Financial Products of the Class
held as Treasury Stock after the issue/acquisition/redemption.
24,922 PSR’s issued on 4
December 2020

166,320 PSR’s issued on 31
August 2021 in relation to the
financial year ended 30 June
2021

218,373 PSR’s issued on 31
August 2021 in relation to the
financial year ended 30 June
2022

472,371 Total PSR’s

70,264,033 ordinary shares

120,928 treasury stock
In the case of an acquisition of shares, whether those shares
are to be held as treasury stock
Not applicable
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)
In accordance with the terms of
the Scheme
Date of issue/acquisition/redemption
2
28 September 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

28 September 2021