Capital Change Notice – Issue of Performance Share Rights

Capital Change Notice





Notice of issue of Performance Share Rights

This notice is given under the NZX Listing Rule 3.13.1 and relates to the issue of Performance
Share Rights (“PSRs”) under Green Cross Health Limited’s (“GXH”) Performance Share Rights
Scheme (“Scheme”).

Section 1: Issuer information
Name of issuer Green Cross Health Limited
NZX ticker code GXH
Class of financial product Performance Share Rights
ISIN (If unknown, check on NZX website) Not applicable – the PSRs will not
be quoted
Currency NZD
Section 2: Capital change details
Number issued/acquired/redeemed 148,677 PSRs
Nominal value (if any) Not applicable
Issue/acquisition/redemption price per security PSRs issued to employees under
the Scheme for nil consideration.
Nature of the payment (for example, cash or other
consideration)
Not applicable
Amount paid up (if not in full) Not applicable
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

43.6% of the total number of PSRs
on issue at the date of this notice.
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)
Each PSR is issued pursuant to the
Scheme. The employees will receive
one share for each PSR that vests
(rounded to the nearest share if the
number of shares to be received is
not a whole number).
PSRs will vest if GXH meets certain
performance hurdles relating to the
growth of GXH’s earnings per share
over a period of three years (the
“PSR Period”), and the employee
remains employed by GXH for the
duration of the PSR Period.
Reason for issue/acquisition/redemption and specific
authority for issue/acquisition/redemption/ (the reason for
change must be identified here)
Board resolutions approving the
grant of PSRs as part of the ongoing
incentive arrangements for
employees.

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

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.
489,481 PSRs. There is no Treasury
Stock.
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
Board resolutions and Listing Rule
4.6.1
Terms or details of the issue, acquisition, or redemption
(for example: restrictions, escrow arrangements)
Any ordinary shares issued on
vesting of PSRs will rank equally
with existing ordinary shares.
Date of issue/acquisition/redemption
2
23 June 2023
Section 3: Authority for this announcement and contact person
Name of person

authorised to make this announcement
Ben Doshi, Group Chief Financial
Officer
Contact person for this announcement Ben Doshi
Contact phone number +64 (9) 571 9080
Contact email address ben.doshi@gxh.co.nz
Date of release through MAP

26 June 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).