Capital Change Notice – Employee Share Scheme

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 59,072
Nominal value (if any) N/A
Issue/acquisition/redemption price per security $1.527
Nature of the payment (for example, cash or other
consideration)
Cash
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)
0.0156%
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 under
Channel Infrastructure NZ
Limited’s (CHI) Employee Share
Purchase Scheme, 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.
378,756,041
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 Rule 4.6.1.

Terms or details of the issue, acquisition, or redemption (for
example: restrictions, escrow arrangements)
Each participating employee is
invited to acquire $1,271 worth of
ordinary shares, contributing $1
themselves with the remaining
$1,270 funded by CHI. These
funds are provided to CRS
Nominees Limited (Trustee), as
trustee of the Scheme, to pay the
subscription price in cash for the
issue of the shares as fully paid
ordinary shares. The shares are
held by the Trustee (or its
nominee) for the participants until
they are able to be accessed by
the participants following a
restricted period of 3 years from
the acquisition date, unless
released earlier in certain limited
circumstances (e.g. death,
sickness etc). The participants
may vote the shares and receive
dividends, if paid.
Date of issue/acquisition/redemption 14 April 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

17 April 2023