Capital Change Notice – issue of unquoted PSRs and DSRs

Capital Change Notice




Section 1: Issuer information
Name of issuer Contact Energy Limited
NZX ticker code CEN
Class of financial product Unquoted Performance Share Rights
(PSRs) and Deferred Share Rights
(DSRs), which may be convertible to
ordinary shares pursuant to Contact’s
Employee Equity Scheme
ISIN (If unknown, check on NZX website) NZCENE0001S6
Currency NZD
Section 2: Capital change details
Number issued/acquired/redeemed 406,919 PSRs
314,049 DSRs
Nominal value (if any) Nil
Issue/acquisition/redemption price per security Nil
Nature of the payment (for example, cash or other
consideration)
No consideration is payable for the issue
of the PSRs or DSRs
The PSRs and DSRs have a set
exercise price of $0
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)
If all of the PSRs and DSRs are
exercised and converted into ordinary
shares, 0.09% (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)
PSRs and DSRs can be exercised
subject to the attainment of exercise
hurdles and, other than in exceptional
circumstances, continued employment of
the participating employee at the
relevant test date(s).
On vesting, each PSRs and DSR entitles
the holder to one fully paid ordinary CEN
share, ranking equally with all other CEN
ordinary shares.
Where the relevant exercise hurdles are
not met, PSRs and DSRs will lapse.
Reason for issue/acquisition/redemption and specific
authority for issue/acquisition/redemption/ (the
reason for change must be identified here)
Issue of PSRs and DSRs pursuant to
Contact’s Employee Equity Scheme,
approved by the Contact Board on 15
December 2023.
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.
1,648,002 share rights.

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 dated 15 December
2023
Listing Rule 4.6.1
Terms or details of the issue, acquisition, or
redemption (for example: restrictions, escrow
arrangements)
See “Principal terms of Conversion”
above
Date of issue/acquisition/redemption 19/12/2023
Section 3: Authority for this announcement and contact person
Name of person

authorised to make this
announcement
Kirsten Clayton, General Counsel &
Company Secretary
Contact person for this announcement Kirsten Clayton
Contact phone number 021 228 3539
Contact email address companysecretary@contactenergy.co.nz
Date of release through MAP

19/12/2023