Capital Change Notice

Capital Change Notice

Updated as at June 2023





This notice is given under NZX Listing Rule 3.13.1 and relates to the issue of options to acquire
ordinary shares under SPK's Long Term Incentive Scheme ("LTI Scheme").
Section 1: Issuer information
Name of issuer Spark New Zealand Limited
NZX ticker code SPK
Class of financial product Options to acquire ordinary
shares
ISIN (If unknown, check on NZX website) NZTELE0001S4
Currency NZD
Section 2: Capital change details
Number issued/acquired/redeemed 1,313,428 (convertible into
ordinary shares on a 1:1 ratio)
Nominal value (if any) N/A
Issue/acquisition/redemption price per security N/A
Nature of the payment (for example, cash or other
consideration)
N/A
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

If, on vesting, all options are
exercised, 0.071% of the
ordinary shares in Spark NZ
(based on the number of
ordinary shares currently on
issue)
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)
The holder’s options will vest
on the achievement of certain
performance conditions as
determined by the Board. On
vest, each option entitles the
holder to subscribe for one
ordinary share in Spark NZ at
nil cash consideration.
Options are otherwise on the
terms of the LTI Scheme
Reason for issue/acquisition/redemption and specific authority
for issue/acquisition/redemption/ (the reason for change must
be identified here)
Issue of options under the LTI
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.
4,194,312 options
1,844,814,300 ordinary shares

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

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
Board resolution dated 17
August 2023 and NZX Listing
Rule 4.6.1
Terms or details of the issue, acquisition, or redemption (for
example: restrictions, escrow arrangements)
Terms and details of the issue
are set out in the LTI Scheme
Rules. Options cannot be
exercised within a 3 year
period. Options may not be
transferred, assigned or
otherwise disposed of. The
ordinary shares issued on
vesting and exercise of options
will rank pari passu with
existing ordinary shares.
Date of issue/acquisition/redemption
2
18/09/2023
Section 3: Authority for this announcement and contact person
Name of person

authorised to make this announcement
Paige Howard-Smith,
Company Secretary
Contact person for this announcement Paige Howard-Smith
Contact phone number +64 9 306 4697
Contact email address
paige.howard-
smith@spark.co.nz
Date of release through MAP

18/09/2023




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).