Capital Change Notice – issue of unquoted DSRs

Capital Change Notice




Section 1: Issuer information
Name of issuer Contact Energy Limited
NZX ticker code CEN
Class of financial product Unquoted Deferred Share Rights
(DSRs), which may be convertible to
ordinary shares pursuant to Contact’s
Employee Equity Scheme
ISIN (If unknown, check on NZX website) NZCENE0001S6
Currency NZD
Section 2: Capital change details
Number issued/acquired/redeemed 40,525 DSRs
Nominal value (if any) Nil
Issue/acquisition/redemption price per security Nil
Nature of the payment (for example, cash or other
consideration)
No consideration is payable for the issue
of the DSRs
The DSRs have a set exercise price of
$0
Amount paid up (if not in full) N/A
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)
If all of the DSRs are exercised and
converted into ordinary shares, 0.005%
(based on the number of ordinary shares
currently on issue)
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)
DSRs can be exercised subject to the
attainment of exercise hurdles and, other
than in exceptional circumstances,
continued employment of the
participating employee at the relevant
test date(s).
On vesting, each DSR entitles the holder
to one fully paid ordinary CEN share,
ranking equally with all other CEN
ordinary shares.
Where the relevant exercise hurdles are
not met, DSRs will lapse.
Reason for issue/acquisition/redemption and specific
authority for issue/acquisition/redemption/ (the
reason for change must be identified here)
Issue of DSRs pursuant to Contact’s
Employee Equity Scheme, approved by
the Contact Board on 10 November
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.
721,743 DSRs

In the case of an acquisition of shares, whether
those shares are to be held as treasury stock
N/A
Specific authority for the issue, acquisition, or
redemption, including a reference to the rule
pursuant to which the issue, acquisition, or
redemption is made
Director’s resolution dated 10 November
2021
Listing Rule 4.6.1
Terms or details of the issue, acquisition, or
redemption (for example: restrictions, escrow
arrangements)
See “Principal terms of Conversion”
above
Date of issue/acquisition/redemption 30 November 2021
Section 3: Authority for this announcement and contact person
Name of person

authorised to make this
announcement
Kirsten Clayton
Contact person for this announcement Kirsten Clayton
Contact phone number 021 228 3539
Contact email address companysecretary@contactenergy.co.nz
Date of release through MAP

1 December 2021