TradeWindow Issues Share Options to Independent Directors

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
300,000 Options to acquire
ordinary shares in the
Company
Nominal value (if any) Nil
Issue/acquisition/redemption price per security The VWAP of TradeWindow
Shares over the 20 Business
Day period prior to 14
September 2022 (Effective
Date), subject to a floor price
of NZ$0.70 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 and the total share
options issued are 1,237,238.

The issue of Options
represents 0.2939% 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)
Each Option will, upon vesting
and exercise of the Option,
entitle the holder to one
ordinary share in the Company
which will rank equally with all
other fully paid ordinary shares
on issue in the Company.
Options vest in the following
tranches:
• 2/3 of options vest on 30
September 2023;

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

• 1/3 of options vest on 30
September 2024.
The issue price for the Options
is the VWAP of TradeWindow
Shares over the 20 Business
Day period prior to the
Effective Date, subject to a
floor price of NZ$0.70 per
share.
Reason for issue/acquisition/redemption and specific authority
for issue/acquisition/redemption/ (the reason for change must
be identified here)
Options are issued to
Independent Directors to assist
in aligning incentives with
those of shareholders and
encouraging those directors to
pursue long term value
creation for the Company.
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
are 100,804,700.
Total Share Options issued are
1,537,238.

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
Shareholder’s Resolution
passed at the Annual General
Meeting on 14 September
2022.
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
15 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 15 September 2022




2
Continuous issuers using this f orm in reliance on Rule 3.13.2, please indicate the period during which the relevant
issue/acquisition/redemptions were made (f or example, 1 January 2019 to 31 January 2019).