Capital Change Notice

®
is a registered Trade Mark of Wellington Drive Technologies WT 9655

Wellington Drive Technologies Ltd
P: +64 9 477 4500 E: info@wdtl.com
21 Arrenway Drive, Rosedale, Auckland 0632
PO Box 302-533 North Harbour, Auckland 0751, New Zealand
www.wdtl.com



19 April 2022


Capital Change Notice


For immediate release
Notification of Allotment of Securities by Wellington Drive Technologies Limited

Section 1: Issuer information

Name of issuer Wellington Drive Technologies Limited
NZX ticker code WDT
Class of financial product Ordinary Shares
ISIN (If unknown, check on NZX website) NZWDTE0002S1
Currency NZD
Section 2: Capital change details
Number issued 1,574,196
Nominal value (if any) n/a
Issue/acquisition/redemption price per security n/a
Nature of the payment
(for example, cash or other consideration)
No cash consideration payable as the issue of
shares is in part settlement of the deferred
purchase price under the Sale and Purchase
Agreement for all the shares in iProximity Pty
Limited announced to the market on 28
February 2018.
Amount paid up (if not in full) Credited as fully paid
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

0.36%

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

WT 9655

2
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)
The issue of shares is in part settlement of the
deferred purchase price under the Sale and
Purchase Agreement for all the shares in
iProximity Pty Limited announced to the
market on 28 February 2018.
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.

433,488,816
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
Directors’ resolution dated 23 March 2022 and
Listing Rule 4.5.1.
Terms or details of the issue, acquisition, or redemption
(for example: restrictions, escrow arrangements)
The shares are credited as fully paid, and rank
in all respects equally with the fully paid
Ordinary Shares already on issue.
Date of issue/acquisition/redemption
2
19 April 2022
Section 3: Authority for this announcement and contact person
Name of person

authorised to make this announcement Howard Milliner
Contact person for this announcement Howard Milliner
Contact phone number +64 27 5870455
Contact email address Howard.milliner@wdtl.com
Date of release through MAP

19 April 2022


For further information visit www.wdtl.com.



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).

---

®
is a registered Trade Mark of Wellington Drive Technologies WT 9654

Wellington Drive Technologies Ltd
P: +64 9 477 4500 E: info@wdtl.com
21 Arrenway Drive, Rosedale, Auckland 0632
PO Box 302-533 North Harbour, Auckland 0751, New Zealand
www.wdtl.com
19 April 2022

Market Announcement
For immediate release

Issues of shares for iProximity acquisition

Wellington Drive Technologies (Wellington) has today issued 1,574,196 ordinary shares to the vendors of
iProximity Pty Limited (iPX) pursuant to the 2018 Sale and Purchase agreement, as amended in 2021.

The acquisition price included Wellington shares, subject to Wellington achieving specified SCS Connect
annual product volumes. This issue of ordinary shares is required due to SCS Connect unit sales
performance in 2021 reaching the specified hurdle.

No further consideration is payable in respect of this acquisition.


About Wellington Drive Technologies:


Wellington is a leading provider of IoT solutions, cloud-based fleet management platforms, energy-efficient
electronic motors and connected refrigeration control solutions. It serves some of the world’s leading food
and beverage brands and refrigerator manufacturers and offers proximity-based marketing for Smart Cities
to the Australian market. Wellington’s services and products improve sales, decrease costs and reduce
energy consumption. Headquartered in Auckland with a global reach, Wellington is listed on the New
Zealand stock exchange under the ticker symbol NZ:WDT. For further information visit
www.wdtl.com




Contact:
Greg Balla Howard Milliner
Chief Executive Officer Chief Financial Officer
Phone +64 21938601 +64 275870455