Capital Change Notice – Performance Share Rights

Capital Change Notice



Section 1: Issuer information
Name of issuer NZME Limited
NZX ticker code NZM
Class of financial product Unquoted long term
performance share rights (LTI
PSRs), convertible to NZME
Limited ordinary shares
pursuant to NZME’s Total
Incentive Plan 2022 (the 2022
LTI Grant)
ISIN (If unknown, check on NZX website) Not applicable
Currency NZD
Section 2: Capital change details
Number cancelled
68,297 LTI PSRs
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 LTI PSRs
Amount paid up (if not in full) Not applicable
Percentage of total class of Financial Products cancelled
(calculated on the number of Financial Products of the Class,
excluding any Treasury Stock, in existence)
1

8.5% of the financial products
of that class

NZME has other performance
share rights on issue from
previous grants under its Total
Incentive Plan. Those other
performance share rights are
treated as a different class as
they are subject to different
vesting conditions
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 cancellation and specific authority for cancellation
(the reason for change must be identified here)
Lapse of Performance Rights
Authorised per the terms and
conditions of the 2022 LTI
Grant, 2022 LTI Grant, and
directors’ resolution

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

Certain participants in NZME’s
Total Incentive Plan will cease
to be employed by the
Company by the vesting date,
therefore, the vesting
conditions will not be met. The
LTI PSRs are hereby cancelled

The latest issue of 2022 LTI
PSRs was made on 22 April
2022 and a summary of the
terms (including performance
hurdles and applicable
measurement dates) were set
out in the NZX announcement
made on that date
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.
730,042
In the case of an acquisition of shares, whether those shares
are to be held as treasury stock
Not applicable
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
Terms or details of the issue, acquisition, or redemption (for
example: restrictions, escrow arrangements)
Not applicable
Date of cancellation
2
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




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).