Capital Change Notice – Vesting of Management Share Rights

Template
Capital Change Notice

Updated as at 17 October 2019


Section 1: Issuer information
Name of issuer Channel Infrastructure NZ
Limited
NZX ticker code CHI
Class of financial product Ordinary shares in Channel
Infrastructure NZ Limited
ISIN (If unknown, check on NZX website) NZNZRE0001S9
Currency NZD
Section 2: Capital change details
Number issued/acquired/redeemed 1,931,890
Nominal value (if any) N/A
Issue/acquisition/redemption price per security Nil cash consideration
Nature of the payment (for example, cash or other
consideration)
N/A
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)
0.52%
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)
Issue of ordinary shares
(Shares) under Channel
Infrastructure NZ Limited’s
(CHI) Share Rights Plan as a
consequence of the vesting of
share rights previously issued
on 1 April 2021 to retain and
incentivise key members of
Management through the
implementation of Strategic
Review, and as authorised
pursuant to a resolution of the
Board.
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.
374,657,807
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
Resolution of the Board and
Listing Rules 4.6.1 and
4.9.1(b).
Terms or details of the issue, acquisition, or redemption (for
example: restrictions, escrow arrangements)
The Shares are issued as fully
paid ordinary shares on the
same terms as all other
ordinary shares (including as
to dividends), for nil cash
consideration further to CHI’s
Share Rights Plan.
Date of issue/acquisition/redemption 4 January 2023
Section 3: Authority for this announcement and contact person
Name of person

authorised to make this announcement Chris Bougen
Contact person for this announcement Chris Bougen
Contact phone number +64 27 444 3220
Contact email address chris.bougen@channelnz.com
Date of release through MAP

5 January 2023