Capital Change Notice – issue of shares under LTI Plan

Capital Change Notice




1 July 2022


Notice of issue of ordinary shares under Precinct Properties’ Long Term Incentive Plan

This notice is given under NZX Listing Rules 3.13.1 and 3.15.2 and relates to the vesting of
Restricted Share Rights under Precinct Properties' Long Term Incentive Plan (LTI Plan) under
which fully paid ordinary shares in Precinct Properties New Zealand Limited are issued on vesting
of those Restricted Share Rights.

Section 1: Issuer information
Name of issuer Precinct Properties New
Zealand Limited
NZX ticker code PCT
Class of financial product Ordinary Shares
ISIN (If unknown, check on NZX website) NZAPTE0001S3
Currency New Zealand Dollars
Section 2: NZX Listing Rule 3.13.1 - Capital change details
Number issued 403,846
Nominal value (if any) N/A
Issue price per security Upon the vesting of Restricted
Share Rights under the LTI
Plan (see details above), the
holder is entitled to one
ordinary share in PCT for no
cash payment.
Nature of the payment (for example, cash or other
consideration)
N/A
Amount paid up (if not in full) Fully paid
Percentage of total class of Financial Products issued
(calculated on the number of Financial Products of the Class,
excluding any Treasury Stock, in existence)
0.0255% (as a percentage of
PCT ordinary shares in
existence immediately prior to
this issue, to four decimal
places)
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 and specific authority for issue (the reason
for change must be identified here)
Vesting of 403,846 Restricted
Share Rights under the LTI
Plan (see details above).
Authorised by a board
resolution dated 11 June 2021.

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.
1,585,783,968 ordinary shares

There is no treasury stock.
In the case of an acquisition of shares, whether those shares
are to be held as treasury stock
No.
Specific authority for the issue, acquisition, or redemption,
including a reference to the rule pursuant to which the issue,
acquisition, or redemption is made
Board resolution dated 11
June 2021
NZX Listing Rule 4.6.1
Terms or details of the issue, acquisition, or redemption (for
example: restrictions, escrow arrangements)
Listed ordinary shares ranking
equally with the existing
ordinary shares on issue in
Precinct Properties New
Zealand Limited
Date of issue 01/07/2022
Section 3: NZ Listing Rule 3.15.2 – Additional Details for Conversion of Financial Products
into Quoted Financial Products
Number of Financial Products converted and the number and
class of Quoted Financial Products into which they have been
converted
403,846 Restricted Share
Rights have been converted
into 403,846 ordinary shares
Interest or dividend conditions attaching to the Financial
Products into which they have been converted
None
Number of Financial Products of the same class remaining to
be converted
477,106 Restricted Share
Rights
Section 4: Authority for this announcement and contact person
Name of person

authorised to make this announcement
Louise Rooney
General Counsel & Company
Secretary
Contact person for this announcement Louise Rooney
Contact phone number (09) 222 0070
Contact email address louise.rooney@precinct.co.nz
Date of release through MAP

01/07/2022