Capital Change Notice

Capital Change Notice




Section 1: Issuer information
Name of issuer
Genesis Energy Limited (‘Genesis’ or the
‘Company’)
NZX ticker code GNE
Class of financial product
Ordinary shares to fulfil vesting obligations
under the Company’s FY22 Performance
Share Rights Plan (‘FY22 Plan’)
ISIN (If unknown, check on NZX website) NZGNEE0001S7
Currency Not applicable
Section 2: Capital change details
Number issued/acquired/redeemed 11,233 ordinary shares
Nominal value (if any) Nil
Issue/acquisition/redemption price per security n/a
Nature of the payment (for example, cash or other
consideration)
On market purchase of ordinary shares for
cash
Amount paid up (if not in full) Not applicable
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

Genesis has procured the on market
acquisition of 11,233 ordinary shares for
the benefit of and transfer to participants in
the FY22 Plan (‘Participants’).

Immediately before the acquisition of the
11,233 ordinary shares Genesis had a total
of 1,082,583,727 ordinary shares on issue.

The 11,233 shares acquired for the benefit
of the Participants represent 0.001% of the
total number of ordinary shares on issue
immediately before their acquisition.
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)
Performance Share Rights in respect of
717,672 ordinary shares were awarded
under the FY22 Plan, 706,439 of which
have lapsed.

The 11,233 shares were acquired for the
benefit of, and transferred to, Participants

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

to satisfy the Company’s obligations under
the FY22 Plan.

The acquisition was authorised by a Board
resolution dated 26 June 2024. The
Performance Share Rights to which these
ordinary shares relate were issued
pursuant to listing rule 4.6.1 and the
financial assistance in connection with the
on market acquisition of the 11,233
ordinary shares was provided pursuant to
listing rule 4.15.2(b).
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.
After procuring the acquisition of the
11,233 ordinary shares notified in this
Capital Change Notice:

- The total number of ordinary shares on
issue is 1,082,583,727; and

- The total number of ordinary shares
held by the Company as treasury stock
is nil; and

- There are no outstanding Performance
Share Rights under the FY22 Plan.
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
Board resolution dated 26 June 2024 and
listing rule 4.6.1 (in relation to the issue of
the Performance Share Rights) and listing
rule 4.15.2(b) in relation to the financial
assistance provided by the Company to
procure the acquisition of the 11,233
ordinary shares.
Terms or details of the acquisition (for example:
restrictions, escrow arrangements)
The 11,233 ordinary shares were acquired
on market for the benefit of and transferred
to Participants in order to satisfy the
Company’s obligations under the FY22
Performance Share Rights Plan
Date of issue/acquisition/redemption
2
09/09/2024
Section 3: Authority for this announcement and contact person
Name of person authorised to make this
announcement
Tim McSweeney
Contact person for this announcement Tim McSweeney
Contact phone number 027 200 5548

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).

Capital Change Notice


Contact email address Timothy.mcsweeney@genesisenergy.co.nz
Date of release through MAP 10/09/2024