Capital change notices – share rights plan

Kiwi Property Group Limited
Capital Change Notice



Section 1: Issuer information
Name of issuer Kiwi Property Group Limited
NZX ticker code KPG
Class of financial product Unlisted Restricted Share
Rights
ISIN NZKPGE001S9
Currency New Zealand Dollars
Section 2: Capital change details
Number issued/acquired/redeemed 139,118 issued
Nominal value (if any) Not applicable
Issue/acquisition/redemption price per security No cash consideration is
payable
Nature of the payment (for example, cash or other
consideration)
Not applicable
Amount paid up (if not in full) Not applicable
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

110.51% of all existing
Restricted Share Rights

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)
See terms of the issue below
Reason for issue/acquisition/redemption and specific authority
for issue/acquisition/redemption/ (the reason for change must
be identified here)
Restricted Share Rights issued
pursuant to the Kiwi Property
Group Limited Share Rights
Plan.
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.
265,010 unlisted Restricted
Share Rights.
265,010 Ordinary Shares if all
Restricted Share Rights vest or
are exercised.
There is no treasury stock.
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
Authorised by board
resolutions dated 15 February
2022 and 11 July 2022 and
listing rule 4.6.1

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

Terms or details of the issue, acquisition, or redemption (for
example: restrictions, escrow arrangements)
The Restricted Share Rights
are subject to a three year
vesting period from 1 April
2022 (“Vesting Period”). The
number of Restricted Share
Rights are determined for each
participant by dividing the
initial value of the grant by the
volume weighted average
price of Kiwi Property’s shares
traded on the NZX Main Board
over the 10 trading days
immediately preceding the
Vesting Period. Vesting is
subject to the participant
continuing their employment
with Kiwi Property or a related
company of Kiwi Property for
the duration of the Vesting
Period. Upon vesting, each
Restricted Share Right can be
converted into one Ordinary
Share in Kiwi Property on
exercise for no cash payment.
The Restricted Share Rights
cannot be transferred.
Date of issue/acquisition/redemption
2
4 August 2022
Section 3: Authority for this announcement and contact person
Name of person

authorised to make this announcement Gavin Parker
Contact person for this announcement Gavin Parker
Contact phone number +64 9 359 4012
Contact email address gavin.parker@kp.co.nz
Date of release through MAP

5 August 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).

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Kiwi Property Group Limited
Capital Change Notice



Section 1: Issuer information
Name of issuer Kiwi Property Group Limited
NZX ticker code KPG
Class of financial product Unlisted Performance Share
Rights
ISIN NZKPGE001S9
Currency New Zealand Dollars
Section 2: Capital change details
Number issued/acquired/redeemed 3,074,314 issued
Nominal value (if any) Not applicable
Issue/acquisition/redemption price per security No cash consideration is
payable
Nature of the payment (for example, cash or other
consideration)
Not applicable
Amount paid up (if not in full) Not applicable
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

301.21% of all existing
Performance Share Rights
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)
See terms of the issue below.
Reason for issue/acquisition/redemption and specific authority
for issue/acquisition/redemption/ (the reason for change must
be identified here)
Performance Share Rights
issued pursuant to the Kiwi
Property Group Limited Share
Rights Plan.
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.
4,094,981 unlisted
Performance Share Rights.
4,094,981 Ordinary Shares if
all Performance Share Rights
vest or are exercised.
There is no treasury stock.
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
Authorised by board
resolutions dated 8 April 2022
and 11 July 2022 and listing
rule 4.6.1

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

Terms or details of the issue, acquisition, or redemption (for
example: restrictions, escrow arrangements)
The Performance Share Rights
(PSRs) comprise tranche A
and tranche B.
50% of tranche A have a one-
year vesting period of 1 April
2022 to 31 March 2023 and
the balance have a two-year
vesting period 1 April 2022 to
31 March 2024.
Tranche B have a three-year
vesting period of 1 April 2022
to 31 March 2025.
Vesting of each tranche of
PSRs is subject to the
satisfaction of hurdles.
Upon vesting, each PSR can
be converted into one Ordinary
Share in Kiwi Property on
exercise for no cash payment.
The PSRs cannot be
transferred.
Date of issue/acquisition/redemption
2
4 August 2022
Section 3: Authority for this announcement and contact person
Name of person

authorised to make this announcement Gavin Parker
Contact person for this announcement Gavin Parker
Contact phone number +64 9 359 4012
Contact email address gavin.parker@kp.co.nz
Date of release through MAP

5 August 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).