Capital change notice – Restricted Share Units

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Capital Change Notice

Updated as at 17 October 2019


Section 1: Issuer information
Name of issuer MOVE Logistics Group Limited
NZX ticker code MOV
Class of financial product Unlisted Restricted Share Units
(RSUs) to subscribe for ordinary
shares in MOV under the MOVE
Logistics Group Limited 2023
Long Term Incentive Plan Rules
(Long-Term Incentive Plan
Rules)
ISIN (If unknown, check on NZX website) N/A
Currency NZD
Section 2: Capital change details
Number issued/acquired/redeemed 1,000,000 RSUs
Nominal value (if any) N/A
Issue/acquisition/redemption price per security RSUs were granted at a value of
NZ$0.99 each (20 trading
day VWAP of MOV’s Ordinary
Shares on the NZX Main Board
up to and including 31 January
2023). No cash consideration is
required to be paid for the RSUs
to vest (i.e. for an equivalent
number of Ordinary Shares in
MOV to be issued).
Nature of the payment (for example, cash or other consideration) Non-cash consideration is
provided in the form of services
rendered and to be rendered by
the CEO of MOV.
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)
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)
Exercise: Upon the exercise of
the RSUs, MOV will issue one
Ordinary Share in MOV for every
one RSU that vests.

Exercise Price: The exercise
price for a RSU is nil.

Ranking: Any Ordinary Shares in
MOV issued on the exercise of
the RSUs will rank equally in all

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respects with all other Ordinary
Shares on issue in MOV.

Vesting Date: 1 February 2026.

Lapse Date: The date in which
the CEO ceases to be employed
by MOV (or any subsidiary of
MOV).
Reason for issue/acquisition/redemption and specific authority for
issue/acquisition/redemption/ (the reason for change must be
identified here)
Authorised by the Board of MOV
pursuant to the Long Term
Incentive Plan Rules.

The RSUs are issued to
incentivise the new CEO in a
manner aligned with the interests
of MOV 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.
1,000,000 RSUs
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
4.6.1
Terms or details of the issue, acquisition, or redemption (for
example: restrictions, escrow arrangements)
The RSUs issued in accordance
with the terms set out in the Long-
Term Incentive Plan Rules. Other
terms are detailed above.
Date of issue/acquisition/redemption 01/02/23
Section 3: Authority for this announcement and contact person
Name of person

authorised to make this announcement
Lee Banks
Contact person for this announcement
Lee Banks
Contact phone number
027 525 2876
Contact email address
Lee.banks@movelogistics.co.nz
Date of release through MAP

01/02/2023