Capital Change Notice

Capital Change Notice
Updated as at 17 October 2019

This notice is given under NZX Listing Rule 3.13.1 and relates to the issue of options pursuant to
an employee share option plan under which fully paid ordinary shares in Trade Window Holdings
Limited are issued on the exercise of those vested options.

Section 1: Issuer information
Name of issuer Trade Window Holdings
Limited
NZX ticker code TWL
Class of financial product Options to acquire Ordinary
Shares in Trade Window
Holdings Limited
ISIN (If unknown, check on NZX website) NZTWLE0004S0
Currency NZD
Section 2: Capital change details
Number issued/acquired/redeemed
100,423 Options to acquire
ordinary shares to staff
Nominal value (if any) Nil
Issue/acquisition/redemption price per security Nil
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)
1

TradeWindow has a total of
113,060,264 ordinary shares
on issue and the total share
options issued are 1,661,050.

The issue of Options
represents 0.0875% of the
114,721,314 (being the total
ordinary shares plus total
share options on issue) should
all Options be exercised)
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)
All the Options will fully vest on
29 June 2023.
Reason for issue/acquisition/redemption and specific authority
for issue/acquisition/redemption/ (the reason for change must
be identified here)
Options are issued to Senior
Leadership in exchange for a
salary reduction due to the
restructuring implemented as a
cost-saving measure for the
Company.



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.
Total ordinary shares on issue
are 113,060,264
Total Share Options issued are
1,761,473.
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
Director’s Resolution passed
on 29 June 2023.
Terms or details of the issue, acquisition, or redemption (for
example: restrictions, escrow arrangements)
The new shares will rank
equally with all other fully paid
ordinary shares on issue, but
will not carry voting rights and
do not participate in dividends.
Date of issue/acquisition/redemption
2
29 June 2023
Section 3: Authority for this announcement and contact person
Name of person authorised to make this announcement
Andrew Balgarnie Chief
Strategy Officer
Contact person for this announcement Andrew Balgarnie
Contact phone number +6427 559 4133
Contact email address andrew@tradewindow.io
Date of release through MAP 29 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).