Notice of issue of shares under NZME’s Total Incentive Plan

Notice of issue of ordinary shares under NZME’s total incentive plan
This notice is given under the NZX Listing Rules 3.13.1 and 3.15.2 and relates to the exercise of performance
rights under the 2020 tranche of NZME’s total incentive plan (2020 TIP) pursuant to which participants were
issued performance rights which entitle them to receive fully paid ordinary shares in NZME should certain
criteria be met.
After the exercise of the performance rights detailed in this notice, there will be no further remaining
performance rights of that same class.
Section 1: Issuer information
Name of issuer NZME Limited
NZX ticker code NZM
Class of financial product Ordinary Shares
ISIN (If unknown, check on NZX website) NZNZME0001S0
Currency NZD
Section 2: Capital change details
Number issued/acquired/redeemed 2,512,716
Nominal value (if any) Not applicable
Issue/acquisition/redemption price per security Nil
Nature of the payment (for example, cash or other consideration) Upon the vesting of each
performance right under the
2020 TIP on 31 December
2021, and the end of the 2
year deferral period, on 31
December 2023 the holder is
entitled to one ordinary share
in NZME Limited (NZME) for
no cash payment, together
with, in certain cases, an
additional allocation of shares
equal to the dividends paid
on vested rights over the
vesting period and the
deferral period. Participants
have elected to receive 61%
of the shares to which they
would otherwise be entitled to
reflect the tax treatment of
the 2020 TIP. Further details
of the 2020 TIP are included
within NZME’s annual report.
Amount paid up (if not in full)

Fully paid ordinary shares

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)
1.4%
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)
Not applicable
Reason for issue/acquisition/redemption and specific authority for
issue/acquisition/redemption/ (the reason for change must be identified
here)
Exercise of 2,512,716
performance rights under the
2020 TIP (see details above)
authorised by Directors’
resolution dated 20
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.
186,426,330

No Treasury Stock held
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’ resolution dated 23
December 2023 pursuant to
NZX Listing Rule 4.6.1 and
4.9.1(b).
Terms or details of the issue, acquisition, or redemption (for example:
restrictions, escrow arrangements)
The shares issued are
quoted ordinary shares
ranking equally with the
existing ordinary shares on
issue of NZME
Date of issue/acquisition/redemption 3 January 2024
Section 3: Authority for this announcement and contact person
Name of person authorised to make this announcement David Mackrell
Contact person for this announcement David Mackrell
Contact phone number 021 311 911
Contact email address David.mackrell@nzme.co.nz
Date of release through MAP 3 January 2024