Capital Change Notice – Issue of NPH010 Bonds

Capital Change Notice


Section 1: Issuer information
Name of issuer Napier Port Holdings Limited
(“Napier Port”)
NZX ticker code NPH010
Class of financial product Unsecured, unsubordinated
fixed rate bonds (“Bonds”)
ISIN (If unknown, check on NZX website) NZNPHD0010L9
Currency NZD
Section 2: Capital change details
Number issued/acquired/redeemed $100,000,000
Nominal value (if any) $100,000,000
Issue price per security $1.00
Nature of the payment (for example, cash or other
consideration)
Cash
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)
100%
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)
Not Applicable
Reason for issue/acquisition/redemption and specific authority
for issue/acquisition/redemption/ (the reason for change must
be identified here)
The net proceeds of the offer
will be used to repay a portion
of Napier Port’s existing debt
and for general corporate
purposes.

The Bonds will provide Napier
Port with additional diversity of
funding and tenor.
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.
$100,000,000

None held as 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
Written Resolutions of the
Board of Directors dated 31
August 2022
Terms or details of the issue, acquisition, or redemption (for
example: restrictions, escrow arrangements)
As set out in the Product
Disclosure Statement dated 1
September 2022 for the offer
of the Bonds and the Final
Terms Sheet dated 16
September 2022
Date of issue/acquisition/redemption 23 September 2022
Section 3: Authority for this announcement and contact person
Name of person

authorised to make this announcement
Kristen Lie, Chief Financial
Officer
Contact person for this announcement Kristen Lie
Contact phone number +64 6 833 4400
Contact email address kristenl@napierport.co.nz
Date of release through MAP

23 September 2022