Issue of ordinary shares and performance rights

Issue of ordinary shares and performance rights to employees of NZX Limited
(NZX)

31 March 2022: NZX advises that it has issued $1,000 of ordinary shares (gross of tax) in NZX to each of
its employees as at 1 February 2022 who have joined or become permanent employees of NZX since
NZX’s previous issue of $1,000 of ordinary shares to employees as at 1 February 2021 and remain
employed by the Company.

NZX also advises that it has issued performance rights to the members of its executive and management
teams pursuant to NZX’s Long Term Incentive Plan. The performance rights give the holder options to
acquire ordinary shares in NZX, which may be exercised if the performance rights vest. The vesting
period for the performance rights is 1 January 2022 to 31 December 2024.

NZX also advises that a portion of the performance rights issued to the members of its executive and
management teams in 2019 have vested. These vested performance rights give the holder the options to
acquire ordinary shares in NZX. NZX has issued ordinary shares to each holder that has exercised the
options.

The total number of ordinary shares on issue is now 312,537,336.00.

The total number of performance rights on issue is now 5,639,829.00.

The attached information is supplied pursuant to NZX Listing Rule 3.13.1.

For further information, please contact:
Graham Law
Chief Financial and Corporate Officer
P: +64 29 494 2223
E: Graham.Law@nzx.com

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NZX Limited
Level 1, NZX Centre
11 Cable Street
PO Box 2959
Wellington 6140
New Zealand
Tel +64 4 472 7599

www.nzx.com
Page 1 of 2
31 March 2022
Notice of issue of ordinary shares to employees of NZX Limited (NZX)

This notice is given under NZX Listing Rule 3.13.1 and relates to the issue of $1,000 of ordinary
shares (gross of tax) in NZX to every permanent employee of NZX (full-time and part-time) as at
1 February 2022 who has joined or become a permanent employee at NZX since NZX's
previous issue of $1,000 of ordinary shares to employees as at 1 February 2021 (
Specified
Employees
) who remain employed by the Company.
Section 1: issuer information
Name of issuer NZX Limited
NZX ticker code NZX
Class of Financial Product NZX Limited Ordinary Shares
ISIN NZNZXE0001S7
Section 2: capital change details
Number issued 34,010
Nominal value (if any) N/A
Issue price No consideration is payable for the issue of the NZX
Limited Ordinary Shares
Nature of the payment N/A
Amount paid up Fully paid
Percentage of total class of Financial
Products issued
0.0109%(as a percentage of NZX Limited Ordinary
Shares in existence immediately prior to this issue
and the issue of 627,491 NZX Ordinary Shares to
participants in the NZX Limited Employee Share
Plan, to four decimal places)
For an issue of Convertible Financial
Products or Options, the principal terms
of Conversion or the Option
N/A
Reason for issue and specific authority
for issue
The issue of the shares will: (1) increase the
engagement of Specified Employees; (2) encourage
cultural change in order to deliver on NZX's strategy;
and (3) align the interests of Specified Employees
with that of NZX's shareholders, by encouraging
them to think like shareholders.
Total number of Financial Products of
the Class after the issue and the total
number of Financial Products of the
Class held as Treasury Stock after the
issue.
312,537,336 NZX Limited Ordinary Shares (includes
the issue of 627,491 NZX Limited Ordinary Shares to
participants in the NZX Limited Employee Share
Plan)

No Treasury Stock held

Page 2 of 2

In the case of an acquisition of shares,
whether those shares are to be held as
treasury stock
No
Specific authority for the issue
Resolution of directors dated 15 February 2022
Terms or details of the issue
The terms of the issue of shares are: (1) Specified
Employees will be issued $1,000 (gross of tax) of the
NZX Limited Ordinary Shares in a one-off grant; (2)
Specified Employees will not be able to decline the
grant of shares; (3) the number of shares a Specified
Employee receives will be determined by reference
to the volume weighted average price of the NZX
Limited Ordinary Shares on the NZX Main Board
during the five business days before the day before
the issue date; (4) there will be no performance,
tenure or other requirement placed on any Specified
Employee in order to receive the shares; (5)
Specified Employees will not pay any consideration,
whether in cash in otherwise, for the shares; and (6)
there will be no restrictions on the shares once they
have been transferred to a Specified Employee.
Date of issue 31 March 2022
Section 3: authority for this announcement
Name of person authorised to make this
announcement
Sara Wheeler
General Counsel
Contact phone number +64 9 309 3647
Contact email address sara.wheeler@nzx.com
Date of release via MAP 31/03/2022

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NZX Limited
Level 1, NZX Centre
11 Cable Street
PO Box 2959
Wellington 6140
New Zealand
Tel +64 4 472 7599

www.nzx.com
Page 1 of 2
31 March 2022
Notice of issue of performance rights to employees of NZX Limited (NZX)
This notice is given under NZX Listing Rule 3.13.1 and relates to the issue of performance
rights to members of NZX’s executive and management teams pursuant to NZX’s Long Term
Incentive Plan.
Section 1: issuer information
Name of issuer NZX Limited
NZX ticker code NZX
Class of Financial Product
Performance rights which give the holder options to
acquire NZX Limited Ordinary Shares.
ISIN N/A
Section 2: capital change details
Number issued
1,183,353 performance rights

Nominal value (if any) N/A
Issue price No consideration is payable for the issue of the
performance rights
Nature of the payment N/A
Amount paid up N/A
Percentage of total class of Financial
Products issued
26.5536% (as a percentage of performance rights in
existence immediately prior to this issue, but after the
cancellation of the performance rights issued in 2019
including the 411,506 which lapsed due to failure to
satisfy vesting conditions, to four decimal places)
The principal terms of Conversion or the
Option
Issue of performance rights pursuant to NZX’s Long
Term Incentive Plan. The performance rights give the
holder options to acquire NZX Limited Ordinary
Shares, which may be exercised if the performance
rights vest. An executive team member’s
performance rights will vest if NZX meets
performance hurdles in respect of its total return to
shareholders and the growth in its earnings per
share, and on the executive team member remaining
an employee of the NZX Group for the duration of the
three year vesting period. A management team
member’s performance rights will vest on the
management team member remaining an employee
of the NZX Group for the duration of the three year
vesting period.

Page 2 of 2

Reason for issue and specific authority
for issue
Issue of performance rights pursuant to NZX’s Long
Term Incentive Plan, as authorised by the resolutions
of directors dated 15 February 2022 and 23
December 2021
Total number of Financial Products of
the Class after the issue (excluding
Treasury Stock) and the total number of
Financial Products of the Class held as
Treasury Stock after the issue.
5,639,829 performance rights

No Treasury Stock held
In the case of an acquisition of shares,
whether those shares are to be held as
treasury stock
No
Specific authority for the issue Resolutions of directors dated 15 February 2022 and
23 December 2021
Terms or details of the issue See “The principal terms of Conversion or the
Option” above.
Date of issue 31 March 2022
Section 3: authority for this announcement
Name of person authorised to make this
announcement
Sara Wheeler
General Counsel

Contact phone number +64 9 309 3647

Contact email address sara.wheeler@nzx.com
Date of release via MAP 31/03/2022

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NZX Limited
Level 1, NZX Centre
11 Cable Street
PO Box 2959
Wellington 6140
New Zealand
Tel +64 4 472 7599

www.nzx.com
Page 1 of 2
31 March 2022
Notice of issue of ordinary shares to employees of NZX Limited (NZX)

This notice is given under NZX Listing Rules 3.13.1 and 3.15.2 and relates to the exercise of
performance rights and the issue of ordinary shares to members of NZX’s executive and
management teams pursuant to NZX’s Long Term Incentive Plan.
Section 1: issuer information
Name of issuer NZX Limited
NZX ticker code NZX
Class of Financial Product NZX Limited Ordinary Shares
ISIN NZNZXE0001S7
Section 2: capital change details
Number issued 627,491
Nominal value (if any) N/A
Issue price No consideration is payable for the issue of the NZX
Limited Ordinary Shares
Nature of the payment N/A
Amount paid up Fully paid
Percentage of total class of Financial
Products issued
0.2012% (as a percentage of NZX Limited Ordinary
Shares in existence immediately prior to this issue
and the issue of 34,010 NZX Limited Ordinary
Shares to every permanent employee of NZX
(fulltime and part-time) as at 1 February 2022 who
has joined or become a permanent employee of NZX
since NZX’s previous issue of $1,000 worth of
ordinary shares to employees as at 1 February 2021,
to four decimal places)
For an issue of Convertible Financial
Products or Options, the principal terms
of Conversion or the Option
N/A
Reason for issue and specific authority
for issue
NZX Limited Ordinary Shares issued on exercise of
performance rights issued on 15 March 2019,
pursuant to NZX’s Long Term Incentive Plan.
Total number of Financial Products of
the Class after the issue and the total
number of Financial Products of the
Class held as Treasury Stock after the
issue.
312,537,336 NZX Limited Ordinary Shares. (includes
the issue of 34,010 NZX Limited Ordinary Shares to
every permanent employee of NZX (fulltime and part-
time) as at 1 February 2022 who has joined or
become a permanent employee of NZX since NZX’s
previous issue of $1,000 worth of ordinary shares to
employees as at 1 February 2021).

Page 2 of 2

Listing Rule 3.15.2 – Options issued on 31 March 2022

The following details are provided for the purposes of NZX Listing Rule 3.15.2:

(a) Number of Financial Products converted and the number and class of Quoted Financial
Products into which they have been converted: 616,421 performance rights converted into
627,491 NZX Limited Ordinary Shares (on a 1:1.07 ratio) (the performance rights give the
holder Options to acquire NZX Limited Ordinary Shares, which may be exercised if the
performance rights vest).

(b) Interest or dividend conditions attaching to the Financial Products into which they have
been converted: None.

(c) Number of Financial Products of the same class remaining to be converted: 5,639,829
performance rights.
In the case of an acquisition of shares,
whether those shares are to be held as
treasury stock
No
Specific authority for the issue
Resolution of directors dated 14 February 2019
Terms or details of the issue
All NZX Limited Ordinary Shares issued rank equally
with the existing NZX Limited Ordinary Shares
Date of issue 31 March 2022
Section 3: authority for this announcement
Name of person authorised to make this
announcement
Sara Wheeler
General Counsel
Contact phone number +64 9 309 3647
Contact email address sara.wheeler@nzx.com
Date of release via MAP 31/03/2022