Capital Change Notice

Template
Capital Change Notice

Updated as at 17 October 2019



Section 1: Issuer information
Name of issuer Accordant Group Limited
NZX ticker code AGL
Class of financial product Restricted Shares
ISIN (If unknown, check on NZX website) NZAWFE0001S8
Currency NZD
Section 2: Capital change details
Number issued/acquired/redeemed 20000 Restricted H1 Shares
10000 Restricted K Shares
Nominal value (if any) NIL
Issue/acquisition/redemption price per security 20000 H1 Shares at $1.90
10000 K Shares also at $1.90
Nature of the payment (for example, cash or other
consideration)
Redemption
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

9.58% of remaining restricted
H1 shares
2.33% of remaining restricted
K 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 H1 and K 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 H1 and K
shares rank pari passu with
existing ordinary shares in
respect of rights to dividends
and other distributions and
voting rights.
Reason for issue/acquisition/redemption and specific authority
for issue/acquisition/redemption/ (the reason for change must
be identified here)
Under the rules of the
Restricted Share Schemes the
Restricted Shares must be
either converted or redeemed
by 1 January 2025 and the
holder must be employed by

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

AGL. The holder is no longer
employed by AGL.
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.
188,800 Restricted H1 Shares
419,000 Restricted K 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
Board Resolution of 29
September 2021 Rule 3.13.1
Terms or details of the issue, acquisition, or redemption (for
example: restrictions, escrow arrangements)
The aggregate redemption price
is to be applied by AGL in full
repayment of the loan made by
AGL to the holder in respect of
the Restricted H1 and K Shares.

Date of issue/acquisition/redemption
2
27/07/2022
Section 3: Authority for this announcement and contact person
Name of person

authorised to make this announcement Patrick McCann
Contact person for this announcement Patrick McCann
Contact phone number 09 526 8775
Contact email address patrick.mccann@accordant.nz
Date of release through MAP

27/07/2022




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).