Capital Change Notice

Capital Change Notice




Section 1: Issuer information
Name of issuer Mercury NZ Limited (Mercury)
NZX ticker code MCY
Class of financial product Ordinary shares in Mercury
ISIN (If unknown, check on NZX website) NZMRPE0001S2
Currency NZD
Section 2: Capital change details
Number issued/acquired/redeemed 66,793
Nominal value (if any) N/A
Issue/acquisition/redemption price per security $0
Nature of the payment (for example, cash or other
consideration)
Shares transferred from treasury
stock for a $0 exercise price in
accordance with the terms of the
Mercury 2019 Executive Long
Term Incentive Plan.
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)
0.0048%
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)
N/A
Reason for issue/acquisition/redemption and specific
authority for issue/acquisition/redemption/ (the reason for
change must be identified here)
Transfer of shares currently held
as treasury stock by Mercury to
participants in Mercury’s 2019
Executive Long Term Incentive
Plan following the exercise of
vested Performance Share
Rights (PSRs) issued in
accordance with that plan.

Specific authority for issue:
Directors’ resolutions dated 16
August 2021.
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.
1,394,122,525 ordinary shares
(excluding Treasury Stock)

5,889,992 ordinary shares held
as Treasury Stock.

Following the exercise of PSRs,
there are no PSRs of the same
Class on issue with 171,684
having lapsed, and 84,468
having been exercised.
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’ resolutions dated 16
August 2021.

Listing Rule 4.9.1(b)
Terms or details of the issue, acquisition, or redemption (for
example: restrictions, escrow arrangements)
On 9 September 2021 Mercury
issued PSRs to certain senior
executives under its 2019
Executive Long Term Incentive
Plan (2021 Grants). Following
the assessment of performance
hurdles, 84,468 of the 256,152
PSRs issued under the 2021
Grants have now been exercised
by eligible participants with
Mercury transferring shares
currently held as treasury stock
to those participants in
satisfaction of their entitlement to
shares under the 2021 Grants.
Date of issue/acquisition/redemption 22/08/2024
Section 3: Authority for this announcement and contact person
Name of person

authorised to make this announcement
Howard Thomas, General
Counsel & Company Secretary
Contact person for this announcement Howard Thomas
Contact phone number 09 308 8270
Contact email address Howard.Thomas@mercury.co.nz
Date of release through MAP

22/08/2024