ArborGen Holdings Issues New Shares

Capital Change Notice




Section 1: Issuer information
Name of issuer ArborGen Holdings Limited
NZX ticker code ARB
Class of financial product Ordinary
ISIN (If unknown, check on NZX website) NZRBCE0001S3
Currency NZD
Section 2: Capital change details
Number issued/acquired/redeemed 254,629
Nominal value (if any) $47,106.37
Issue/acquisition/redemption price per security 0.185 (as at LTI plan establishment)
Nature of the payment (for example, cash or other
consideration)
No cash consideration is payable. The
consideration is for services rendered by
the participant over the 2021 LTI Plan
period subject to ArborGen's achievement
of certain financial performance hurdles.
Amount paid up (if not in full) Full
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)
0.05%

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)
Entry into Conditional Restricted Share
Unit Agreement (RSU Agreement) to
receive ArborGen RSUs, subject to
ArborGen's achievement of certain
financial performance hurdles in
accordance with the ArborGen 2021 LTI
Plan.
The Board agreed to accelerate the
issuance of 254,629 RSU’s (being second
and third tranche) for Mr G Mann (GM of
the ANZ operations), on successful
completion of the sale of the Australian
and New Zealand operations, which
occurred on 30 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.
501,486,758

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
Rule 4.6
Terms or details of the issue, acquisition, or
redemption (for example: restrictions, escrow
arrangements)
n/a
Date of issue/acquisition/redemption 1/12//2021
Section 3: Authority for this announcement and contact person
Name of person

authorised to make this
announcement
Sharon Ludher-Chandra
Contact person for this announcement Sharon Ludher-Chandra
Contact phone number 09 356 9800
Contact email address info@arborgenholdings.com
Date of release through MAP

2/12/2021