Capital Change Notice

Template
Capital Change Notice

Updated as at June 2023


Please do not amend or delete individual rows. As this template relates to prescribed content, changes to content
should only be made where it is clearly indicated that this is permitted, otherwise, if an Issuer considers a particular
element does not apply, mark the row as N/A, Any other changes to this prescribed form must first be approved by
NZX as required under NZX Listing Rule 3.26.1.

Section 1: Issuer information
Name of issuer Accordant Group Limited
NZX ticker code AGL
Class of financial product Restricted Shares
ISIN (If unknown, check on NZX website) NZAWFE0001S8
Currency NZD
Section 2: Capital change details
Number issued/acquired/redeemed 59,000
Nominal value (if any) Nil
Issue/acquisition/redemption price per security 9,000 H-1 Shares at $1.90
10,000 K Shares at $1.90
20,000 L Shares at $1.90
10,000 M Shares at $1.80
10,000 N Shares at $1.80

Nature of the payment (for example, cash or other
consideration)
Redemption
Amount paid up (if not in full) $Nil
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

5.3% of H-1 Shares
2.7% of K Shares
4.8% of L Shares
4.3% of M Shares
4.3% of N Shares

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)
Restricted H-1, K, L, M and N
shares are restricted and are
unable to be traded until
reclassified as ordinary shares
on the relevant "Qualification
Date" (subject to the holder
remaining employed with AGL
and the repayment of any
loans made by AGL to the
holder in respect of the
shares). Restricted H-1, K, L,
M and N shares rank pari
passu with existing ordinary

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

shares in respect of rights to
dividends and other
distributions and voting rights.
Reason for issue/acquisition/redemption and specific authority
for issue/acquisition/redemption/ (the reason for change must
be identified here)
Under the rules of the
Restricted Share Schemes the
Restricted Shares must be
either converted or redeemed
by 1 January 2025 (H-1), 1
January 2025 (K), 1 January
2026 (L), 1 October 2026 (M)
or 1 October 2027 (N) and the
holder must be employed by
AGL. The holder has resigned
from employment at AGL.
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.
159,800 H-1 Shares at $1.90
364,000 K Shares at $1.90
396,000 L Shares at $1.90
220,000 M Shares at $1.80
220,000 N Shares at $1.80

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
Circular Resolution of Directors
dated 14 December 2023 Rule
3.13.1
Terms or details of the issue, acquisition, or redemption (for
example: restrictions, escrow arrangements)
The aggregate redemption price
is to be applied by AGL in full
repayment of the loan made by
AGL to the holder in respect of
the Restricted H-1, K, L, M and
N Shares.

Date of issue/acquisition/redemption
2
14/12/2023
Section 3: Authority for this announcement and contact person
Name of person

authorised to make this announcement Tony Staub
Contact person for this announcement Tony Staub
Contact phone number 09 526 8797
Contact email address Tony.staub@accordant.nz
Date of release through MAP

18/12/2023




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).