TradeWindow Issues Employee Share Options

Capital Change Notice

Updated as at 17 October 2019


Section 1: Issuer information
Name of issuer Trade Window Holdings
Limited
NZX ticker code TWL
Class of financial product Options to acquire Ordinary
Shares in Trade Window
Holdings Limited
ISIN (If unknown, check on NZX website) NZTWLE0004S0
Currency NZD
Section 2: Capital change details
Number issued/acquired/redeemed
1,237,238 options to acquire
ordinary shares in the
Company
Nominal value (if any) Nil
Issue/acquisition/redemption price per security NZ$0.74 per share
Nature of the payment (for example, cash or other
consideration)
Cash
Amount paid up (if not in full) N/A
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

TradeWindow has a total of
100,804,700 ordinary shares
on issue. The issue of Options
represents 1.227% of the total
ordinary shares on issue
(being the percentage should
all Options be exercised)
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)
Options to be issued on 12
September 2022 with an
effective date of 31 July 2022
(Effective Date) and vest on
the Vesting Date (being 01
July 2025). Options vest as
presented on the Option
Certificate, upon which date
the employees can exercise
the Options at the Exercise
Price set out above. Options
for senior managers who
receive the Options as part of
the Company’s Long Term
Incentive plan (LTI) are subject
to a hurdle rate of 17.5% per
annum growth in the share
price.

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

Reason for issue/acquisition/redemption and specific authority
for issue/acquisition/redemption/ (the reason for change must
be identified here)
Options are issued to senior
managers and eligible staff of
the Company to attract,
incentivise, reward and retain
employees and align interests
of staff with shareholders.
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.
Total ordinary shares on issue
(being the total ordinary shares
on issue as at the date of this
notice, plus the number of
ordinary shares that would be
issued if all Options are
exercised) is 102,041,938.
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
Directors’ Resolution and
Directors’ Certificate in
accordance with NZX Listing
Rule 4.6.
Terms or details of the issue, acquisition, or redemption (for
example: restrictions, escrow arrangements)
The new shares will rank
equally with all other fully paid
ordinary shares on issue.
Date of issue/acquisition/redemption
2
12 September 2022
Section 3: Authority for this announcement and contact person
Name of person

authorised to make this announcement
Dewald Janse van Rensburg,
Chief Legal Officer
Contact person for this announcement Dewald Janse van Rensburg
Contact phone number +64 21 025 01490
Contact email address dewald@tradewindow.io
Date of release through MAP

12 September

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).