Capital Change Notice – Precinct Green bonds (PCT040)

Capital Change Notice




Section 1: Issuer information
Name of issuer Precinct Properties New
Zealand Limited (”Precinct”)
NZX ticker code PCT040
Class of financial product Secured, fixed rate green
bonds (“Bonds”)
ISIN NZPCTDT004C5
Currency New Zealand Dollars ($)
Section 2: Capital change details
Number issued 175,000,000
Nominal value (if any) $1.00
Issue price per security $1.00
Nature of the payment (for example, cash or other
consideration)
Cash
Amount paid up (if not in full) Fully paid up
Percentage of total class of Financial Products issued
(calculated on the number of Financial Products of the Class,
excluding any Treasury Stock, in existence)
100%
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 and specific authority for issue (the reason
for change must be identified here)
The net proceeds of this offer
are intended to be earmarked
in accordance with Precinct’s
Sustainable Debt Framework
dated 2020 to finance or
refinance energy efficient
buildings.
Specific authority for issue:
written resolutions of the Board
of Directors on 22 April 2022
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.
175,000,000
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
Specific authority for issue:
written resolutions of the Board
of Directors on 22 April 2022
Rule 3.13.1

Terms or details of the issue, acquisition, or redemption (for
example: restrictions, escrow arrangements)
As set out in the terms sheet
dated 29 April 2022 for the
offer of the Bonds
Date of issue 9 May 2022
Section 3: Authority for this announcement and contact person
Name of person

authorised to make this announcement
Richard Hilder, Chief Financial
Officer
Contact person for this announcement Richard Hilder
Contact phone number +64 29 969 4770
Contact email address richard.hilder@precinct.co.nz
Date of release through MAP

9 May 2022