Capital Change Notice

Capital Change Notice




Section 1: Issuer information
Name of issuer Mercury NZ Limited (Mercury)
NZX ticker code MCY
Class of financial product Ordinary shares in Mercury
ISIN (If unknown, check on NZX website) NZMRPE0001S2
Currency NZD
Section 2: Capital change details
Number issued/acquired/redeemed 375,302
Nominal value (if any) N/A
Issue/acquisition/redemption price per security $0
Nature of the payment (for example, cash or other
consideration)
Shares transferred from treasury
stock for a $0 exercise price in
accordance with the terms of the
Mercury 2019 Executive Long
Term Incentive Plan.
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

0.0271%
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)
Transfer of shares currently held
as treasury stock by Mercury to
participants in Mercury’s 2019
Executive Long Term Incentive
Plan following the exercise of
vested Performance Share
Rights (PSRs) issued in
accordance with that plan.

Specific authority for issue:
Directors’ resolutions dated 21
September 2020.
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.
1,387,168,182 ordinary shares
(excluding Treasury Stock)


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

12,844,335 ordinary shares held
as Treasury Stock.

Following the exercise of PSRs,
there are no PSRs of the same
Class on issue with 24,469
having lapsed, and 358,528
having been exercised.
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
Directors’ resolutions dated 21
September 2020.

Listing Rule 4.9.1(b)
Terms or details of the issue, acquisition, or redemption (for
example: restrictions, escrow arrangements)
On 7 October 2020 Mercury
issued PSRs to certain senior
executives under its 2019
Executive Long Term Incentive
Plan (2020 Grants). Following
the assessment of performance
hurdles, 358,528 of the 382,997
PSRs issued under the 2020
Grants have now been exercised
by eligible participants with
Mercury transferring shares
currently held as treasury stock
to those participants in
satisfaction of their entitlement to
shares under the 2020 Grants.
Date of issue/acquisition/redemption
2
23/08/2023
Section 3: Authority for this announcement and contact person
Name of person

authorised to make this announcement
Howard Thomas, General
Counsel & Company Secretary
Contact person for this announcement Howard Thomas
Contact phone number 09 308 8270
Contact email address Howard.Thomas@mercury.co.nz
Date of release through MAP

23/08/2023




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).