Wellington Drive Technologies – Minimum Shareholdings

®
is a registered Trade Mark of Wellington Drive Technologies WT 9670

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



1 July 2022

For immediate release
Wellington Drive Technologies – Completion of Minimum Shareholdings
sale

On 30 March 2022 Wellington Drive Technologies Limited (
WDT
) gave notice that at the expiration of three
months after that notice, being
30 June 2022
, the Board would exercise the power of sale of individual holdings
on WDT’s share register of less than the Minimum Holding (as defined in the NZX Listing Rules). A Minimum
Holding of WDT shares is a holding under the value of NZ$1,000 on 5:00pm 29 March 2022 (record date)
which was determined to be 5,870 shares.

Shareholders with less than Minimum Holding could choose to:
•
Do nothing and WDT would acquire the shares on 1 July 2022
•
Increase the holding above the Minimum Holding
•
Dispose of the shareholding
•
Notify Computershare that the shareholder wished to retain the shareholding.

Accordingly, today WDT purchased 1,635,810 ordinary shares held by 1,330 shareholders at $
0.139189
per
share, being the price calculated under the NZX Listing Rules. Payment for the shares will be made on Friday
8 July 2022. The acquired shares have been cancelled.

The Capital Change Notice is attached to this announcement.


About Wellington Drive Technologies:
Wellington is a leading provider of IoT solutions, cloud-based fleet management platforms, proximity
marketing solutions, 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 solutions for global food and beverage brands as well as Smart City projects in
the Australian market. Wellington’s products and services 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

WT 9670

2

Contact:

Howard Milliner
Chief Financial Officer
Phone +64 27 587-0455

---

Template
Capital Change Notice

Updated as at 17 October 2019



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 NZ$
Section 2: Capital change details
Number issued/acquired/redeemed 1,635,810
Nominal value (if any) N/A
Issue/acquisition/redemption price per security $0.139189
Nature of the payment (for example, cash or other
consideration)
Cash
Amount paid up (if not in full) $227,687
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

0.38%
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)
Compulsory sale and buyback
of Minimum Holdings
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.
431,853,006 Ordinary Shares

In the case of an acquisition of shares, whether those shares
are to be held as treasury stock
No – the shares are to be
cancelled
Specific authority for the issue, acquisition, or redemption,
including a reference to the rule pursuant to which the issue,
acquisition, or redemption is made
Clauses 4.4 and 5.1 of
Wellington’s constitution and
NZX Listing Rule 8.1.6(c)
Terms or details of the issue, acquisition, or redemption (for
example: restrictions, escrow arrangements)
N/A

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

Date of issue/acquisition/redemption
2
01/07/2022
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 027-5870455
Contact email address Howard.milliner@wdtl.com
Date of release through MAP

01/07/2022




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).