ARG Long Term Incentive Scheme allotment of shares

Capital Change Notice – Vesting of 2020 PSRs


Section 1: Issuer information
Name of issuer Argosy Property Limited
NZX ticker code ARG
Class of financial product Ordinary Shares
ISIN NZARGE0010S7
Currency NZD
Section 2: Capital change details
Number issued 444,849
Nominal value (if any) Not applicable
Issue/acquisition/redemption price per security The sum of $1 payable by
each senior executive in
respect of all of the shares
issued to them.
Nature of the payment (for example, cash or other
consideration)
Cash

Amount paid up (if not in full) Fully paid ordinary shares
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

0.0525%
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)
Not applicable
Reason for issue/acquisition/redemption and specific authority
for issue/acquisition/redemption/ (the reason for change must
be identified here)
Vesting of performance share
rights granted under Long
Term Incentive Scheme.
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.
847,168,744 Ordinary Shares

In the case of an acquisition of shares, whether those shares
are to be held as treasury stock
Not applicable
Specific authority for the issue, acquisition, or redemption,
including a reference to the rule pursuant to which the issue,
acquisition, or redemption is made

Directors’ resolution dated 30
June 2020 and Listing Rule
4.8.1.
Terms or details of the issue, acquisition, or redemption (for
example: restrictions, escrow arrangements)
The shares issued are quoted
ordinary shares ranking

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

equally with the existing
ordinary shares on issue of
Argosy Property Limited
Date of issue/acquisition/redemption
2
19 May 2023
Section 3: Authority for this announcement and contact person
Name of person

authorised to make this announcement David Snelling
Contact person for this announcement David Snelling
Contact phone number 09 304 3400
Contact email address service@argosy.co.nz
Date of release through MAP

19 May 2023


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).