Capital Change Notice – Vesting of Management Share Rights

Capital Change Notice


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 2,661,773
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)
0.71%
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) to
the former CEO, Naomi James,
upon vesting of her share rights
under Channel Infrastructure NZ
Limited’s (CHI) Share Rights Plan,
authorised pursuant to a resolution
of the Board on the basis that the
outcomes contemplated by the
vesting conditions have been
delivered under Ms James’
leadership.
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.
378,696,969
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 6 March 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 7 March 2023