Share Purchase Plan Issue Price

refiningnz.com



NZX RELEASE
14 December 2021

Share Purchase Plan Price
The New Zealand Refining Company Limited’s (Refining NZ) (NZX:NZR) $5 million Share Purchase
Plan (SPP) closed on 13 December 2021. The SPP forms part of the equity raising announced on 29
November 2021 to fund growth through private storage services.
The new shares under the SPP will be issued at the price of $0.83, which represents the lower of the
price paid by investors in the placement (NZ$0.83 per share) and a 2.5% discount to the five day volume
weighted average price of Refining NZ’s shares traded on the NZX during the five trading days up to,
and including, the SPP’s closing date.
The settlement and allotment of the new shares issued under the SPP is expected to occur on 17
December 2021, with NZX trading in the new shares to commence on the same day. The new shares
rank equally with existing Refining NZ shares on issue.

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Authorised by:
Chris Bougen
General Counsel and Company Secretary


Media contact
Laura Malcolm
communications@refiningnz.com
+64 21 0236 3297