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. This notice is given under the NZX Listing Rules 3.13.1
and relates to the issuance of performance share rights which are convertible into fully paid
ordinary shares in CVT should certain vesting conditions and performance hurdles be met
under CVT’s Performance Share Rights 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 New Zealand Dollars
Section 2: Capital change details

Number issued/acquired/redeemed 8,307 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

0.0119% 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).

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

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.
62,756 PSR’s issued on 25
September 2020

16,615 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

3,015 PSR’s issued on 8 October
2021 in relation to the financial year
ended 30 June 2021

467,079 total PSR’s
70,078,848 ordinary shares
306,113 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
Comvita Limited Performance
Share Rights Scheme
Date of issue/acquisition/redemption
2
6 December 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 6 December 2021