Capital Change Notice

Capital Change Notice

Updated as at 17 October 2019



Notice of issue of ordinary shares under Spark New Zealand’s Long-Term Incentive Scheme

This notice is given under NZX Listing Rule 3.13.1 and 3.15.2 and relates to the exercise and
conversion of options into ordinary shares under SPK's Long Term Incentive Scheme ("LTI
Scheme").

Section 1: Issuer information
Name of issuer Spark New Zealand Limited
NZX ticker code SPK
Class of financial product Ordinary shares
ISIN (If unknown, check on NZX website) NZTELE0001S4
Currency NZD
Section 2: Capital change details
Number issued/acquired/redeemed 34,141 ordinary shares issued
pursuant to the LTI Scheme
Nominal value (if any) N/A
Issue/acquisition/redemption price per security No consideration payable
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)
1

0.002% of the ordinary shares
in Spark NZ (based on the
number of ordinary shares
currently on issue)
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
following the conversion of
options under the SPK LTI
Scheme, approved by the
Spark Board on 25 August
2020 and 17 August 2021.

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.
2,963,714 options
1,873,198,156 ordinary shares

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

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
SPK LTI Scheme and board
resolutions dated 25 August
2020, 17 August 2021 and 21
February 2023, for the
purposes of NZX Listing Rule
4.9.1(b)(i).
Terms or details of the issue, acquisition, or redemption (for
example: restrictions, escrow arrangements)
Terms and details of the issue
are set out in the LTI Scheme
Rules. The ordinary shares
issued on vesting and exercise
of options will rank pari passu
with existing ordinary shares.
Date of issue/acquisition/redemption
2
27/02/2023
Section 3: Authority for this announcement and contact person
Name of person

authorised to make this announcement
Paige Howard-Smith,
Company Secretary
Contact person for this announcement Paige Howard-Smith
Contact phone number +64 9 306 4697
Contact email address
paige.howard-
smith@spark.co.nz
Date of release through MAP

27/02/2023




Listing Rule 3.15.2


a) Number of Financial Products converted and
the number and class of Quoted Financial
Products into which they have been
converted.



b) Details of any interest or dividend
conditions attaching to the Financial Products
into which they have been converted.

c) Number of Financial Products of the same
class that remain to be converted.







34,141 options converted into 34,141 ordinary
shares pursuant to the terms of the SPK LTI
Scheme.


None – to rank pari passu with the ordinary shares
in SPK on issue.


2,963,714 options pursuant to the SPK LTI
Scheme.


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).