Rights Issue Shortfall Placement Update

Capital Change Notice

Updated as at 17 October 2019

15261165_1


Section 1: Issuer information
Name of issuer New Zealand Rural Land
Company Limited
NZX ticker code NZL
Class of financial product Ordinary shares
ISIN (If unknown, check on NZX website) NZNZLE0001S2
Currency NZD
Section 2: Capital change details
Number issued 452,929
Nominal value (if any) N/A
Issue price per security $1.05
Nature of the payment (for example, cash or other
consideration)
Cash
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)
1

0.402%
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)
To fund acquisitions and
working capital as outlined in
the investor presentation
released to market on 8 June
2022.
Total number of Financial Products of the Class after the issue
(excluding Treasury Stock) and the total number of Financial
Products of the Class held as Treasury Stock after the
issue/acquisition/redemption.
113,101,823
In the case of an acquisition of shares, whether those shares
are to be held as treasury stock
N/A
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 and Listing
Rule 4.4.1(a).
Terms or details of the issue, acquisition, or redemption (for
example: restrictions, escrow arrangements)
The ordinary shares rank
equally in all respects with all
other ordinary shares on issue.

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

Date of issue 8 August 2022
Section 3: Authority for this announcement and contact person
Name of person

authorised to make this announcement Christopher Swasbrook
Contact person for this announcement Christopher Swasbrook
Contact phone number 021 928 262
Contact email address chris@nzrlc.co.nz
Date of release through MAP

9 August 2022

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The Blade, Level 4, 12 St Marks Road, Remuera, Auckland, 1050, New Zealand | +64 9 379 6493
www.nzrlc.co.nz
NEW ZEALAND Rural Land Co
WWW.NZRLC.CO.NZ
9 August 2022
Rights Issue Shortfall Placement Update
New Zealand Rural Land Company (NZL.NZX) placed 452,929 shares at $1.05 per share, taking total shares on issue to
113,101,823.
These shares were placed to an existing shareholder who did not take up their rights during the recent rights offering. NZL will not
place any further rights issue shortfall shares from today (9 August 2022) as the Directors would like to remove any perception of
an overhang on NZL shares at this time.
NZL expects to report its full year result for the period ending 30 June 2022 on (or before) 29 August 2022.
Richard Milsom
Mobile: 021 274 2476
Email: richard@nzrlm.co.nz
Christopher Swasbrook
Mobile: 021 928 262
Email: chris@nzrlc.co.nz
or