Capital Change Notice

Template
Capital Change Notice
Updated as at 28 January 2019
Page 1 of 2
NOTE: This form is required by Rule 3.13.1. It must be completed by an Issuer and released through MAP no later
than one business day after:

• an issue of Quoted Financial Products (which includes issue on Conversion) or issue of Financial Products
Convertible into Quoted Equity Securities or Options to acquire Quoted Equity Securities; or
• a redemption or acquisition of Quoted Financial Products

This form must be attributed to an authorised representative of the Issuer. All cash amounts must be expressed to 6
decimal places. Cash amounts should be expressed in one of the following currencies: NZD, AUD, CAD, EUR, GBP
or USD. If an Issuer of Fund Securities is a Continuous Issuer, the Issuer may instead use this form to announce
issues, acquisitions or redemptions of Fund Securities on a consistent monthly basis (for example, by announcing the
issues on the first Business Day, or second Friday, of each month) as per 3.13.2. Issuers may delete this instructional
block when using this template to create their announcements.

1
The percentage is to be calculated immediately before the issue, acquisition, redemption or Conversion. You may delete this
footnote when you release this form to market
Section 1: issuer information
Name of issuer Accordant Group Limited
NZX ticker code AGL
Class of Financial Product Restricted G1 and G2 shares.
ISIN Not applicable as securities not quoted.
Section 2: capital change details
Number redeemed 129,200 G1 and 20,800 G2 shares
Nominal value (if any) none
Redemption/ price $1.90 and $1.85 respectively
Nature of the payment (for example,
cash or other consideration)
Cash
Amount paid up (if not in full) $Nil
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

100% restricted G1 and G2 shares
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)
Restricted G1 and G2 shares are restricted and are
unable to be traded until reclassified as ordinary
shares on the relevant "Qualification Date" (subject to
the holder remaining employed with AGL and the
repayment of any loans made by AGL to the holder in
respect of the shares). Restricted G1 and G2 Shares
rank pari passu with existing ordinary shares in
respect of rights to dividends and other distributions
and voting rights.

Reason for redemption and specific
authority for redemption (the reason for
change must be identified here.)
The 129,200 G1 and 20,800 G2 Restricted
Shares,

having qualified for reclassification as
ordinary shares, the holders elected not to repay the
company loans by 1 July 2022 and therefore those

Page 2 of 2

shares will not be re-classified. Accordingly, the
Restricted G1 and G2 Shares are being redeemed by
AGL under the rules of the Scheme and cancelled.

Total number of Financial Products of
the Class after the redemption and the
total number of Financial Products of
the Class held as Treasury Stock after
the issue/acquisition/redemption.
Nil restricted G1 and G2 Shares.
In the case of an acquisition of shares,
whether those shares are to be held as
treasury stock

Specific authority for the issue,
acquisition, or redemption, including a
reference to the rule pursuant to which
the issue, acquisition, or redemption is
made

Terms or details of the issue,
acquisition, or redemption (for example:
restrictions, escrow arrangements)

Date of issue/acquisition/redemption 4 July 2022
Section 3: authority for this announcement
Name of person authorised to make
this announcement
Patrick McCann
Contact phone number 09 526 8775
Contact email address patrick.mccann@accordant.nz
Date of release via MAP 4 July 2022