Capital Change Notice – Placement of Ordinary Shares

Capital Change Notice




Section 1: Issuer information
Name of issuer The New Zealand Refining
Company Limited
NZX ticker code NZR
Class of financial product Ordinary shares in The New
Zealand Refining Company
Limited
ISIN (If unknown, check on NZX website) NZNZRE0001S9
Currency NZD
Section 2: Capital change details
Number issued/acquired/redeemed 47,022,683 ordinary shares
Nominal value (if any) N/A
Issue/acquisition/redemption price per security $0.83
Nature of the payment (for example, cash or other
consideration)
Cash
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)
1

15%
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/acquisition/redemption and specific authority
for issue/acquisition/redemption/ (the reason for change must
be identified here)
Issue of shares pursuant to
placement of Refining NZ
ordinary shares announced on
29 November 2021, authorised
by a Board resolution dated 29
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.
360,507,242
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
NZX Listing Rule 4.5.1

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

Terms or details of the issue, acquisition, or redemption (for
example: restrictions, escrow arrangements)
The issued shares rank equally
with existing fully paid ordinary
shares
Date of issue/acquisition/redemption
2
02/12/2021
Section 3: Authority for this announcement and contact person
Name of person

authorised to make this announcement
Chris Bougen
Contact person for this announcement
Chris Bougen
Contact phone number
+64 27 444 3220
Contact email address
Chris.Bougen@refiningnz.com
Date of release through MAP

02/12/2021




2
Continuous issuers using this form in reliance on Rule 3.13.2, please indicate the period during which the relevant
issue/acquisition/redemptions were made (for example, 1 January 2019 to 31 January 2019).