Savor Minimum Holdings Notice

100612567/3444-1602-2064.4

NZX Release
Savor – Less than Minimum Holdings
30 September 2024
Savor Limited (NZX: SVR) (“Savor”) advises that it intends to exercise the power of sale of shares held
by persons with less than a “Minimum Holding” of $1,000 Savor shares.
Under SVR’s constitution and the NZX Listing Rules, SVR is permitted to exercise a power of sale of
shares held by any person with less than a Minimum Holding of $1,000 of Savor shares. The Board
has therefore determined that Savor will exercise its power of shares held by any person with less
than 4,500 shares (being $1,000 of shares calculated at a price per share of $0.22 being not less than
the “Average Market Price” of SVR’s shares prior to 30 September 2024).
In accordance with clause 14 of SVR’s constitution, and NZX Main Board Listing Rule 4.9(c), the Board
gives notice to shareholders that, at the expiration of three months after this notice, being
30 December 2024 (“Expiry Date”), the Board will, unless shareholders increase their shareholding to
more than 4,500 shares, exercise the power of sale of individual holdings in the manner described
below.
Savor will acquire the shares and cancel them. The price paid per share will be equal to the volume
weighted average price of a share trading on or through the NZX Main Board in the 20 business day
period prior the day the shares are acquired by Savor. Savor will deduct its reasonable expenses from
those proceeds, and then account to affected shareholders with the net proceeds in accordance with
its constitution.
Shareholders with fewer than 4,500 shares have three months to make a decision in respect of their
small shareholdings by choosing one of the following options:
Option 1: Do nothing and Savor will acquire your shares.
After the Expiry Date, Savor will acquire and cancel your shares through an off-market share buyback
under section 61(7) of the Companies Act 1993. The price paid per share will be equal to the volume
weighted average price of a share on or through the NZX Main Board over the 20 business day period
prior to the day the shares are acquired by Savor.
Savor will then deduct its reasonable expenses from your proceeds, and account to you with your net
proceeds in accordance with its constitution. The proceeds will be deposited into the bank account
that MUFG Corporate Markets (formerly Link Market Services) has on record for you. You should
therefore ensure these details are up to date. Bank account details can be updated online by visiting
the Link Investor Centre at www.linkmarketservices.co.nz.

If you require further information about your shareholding, please contact MUFG Corporate Markets
(formerly Link Market Services):
MUFG Corporate Markets
PO Box 91976

2
100612567/3444-1602-2064.4
2
Auckland 1142
Phone: 09 375 5998 or +64 9 375 5998 (International)
Email: enquiries@linkmarketservices.co.nz

Any tax consequences from the sale of your shares will be your responsibility.
Option 2: Increase or transfer your shareholding
Acquire additional shares to increase your holding to $1,000 of shares or more (calculated at a price
per share of $0.20). You may have to pay brokerage fees if you choose to increase your shareholding
by purchasing shares on-market. Shares purchased must be registered in the same holding as your
existing shares. The purchase of additional shares must be settled prior to the Expiry Date. If your
shareholding meets the $1,000 threshold by 5pm on the Expiry Date, your shares will not be sold.
Alternatively, you could choose to transfer your less than Minimum Holding to another holder which
holds more than a Minimum Holding as a result, or into a custodian service such as Sharesies.
Shares can be transferred to the Sharesies platform in accordance with the included annexure.
For more information please contact:
Tim Peat
Group CFO
+64 21 049 7442
tim@savor.co.nz

About Savor
Savor, established in 2011, is one of New Zealand’s largest hospitality businesses with 20 iconic
venues in Auckland, including Amano, Azabu Ponsonby, Azabu Mission Bay, Ebisu and Non Solo Pizza,
each with its own unique concept, culture and offering.
In 2022, Savor opened Bivacco in Auckland’s Viaduct Harbour and brought iconic Melbourne concept
MoVida to Britomart’s Seafarers Building. Savor has a reputation for originality, the quality of its
products and the high standard of service that is consistent across the company portfolio.

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PRIVATE AND CONFIDENTIAL
Sharesies makes
investing easy
and accessible

PRIVATE AND CONFIDENTIAL
Step 1:
➔Sign up to Sharesies (if you haven’t already)

You will need:
➔Driver licence or passport; and
➔Proof of address
Transferring shares

PRIVATE AND CONFIDENTIAL
Step 2:
➔Transfer your shares

You will need:
➔Common Shareholder Number (CSN) or
Holder Number (HN)
➔Authentication Code or Faster
Identification Number (FIN); and
➔Shares to transfer
Transferring shares

PRIVATE AND CONFIDENTIAL
That’s it! There is no cost to opening an account and we make
the sign up process quick and easy. For more information on the
sign up process, click here
There is no cost to transferring your shares to your Sharesies
account and Sharesies can accommodate shares with joint
ownership too. For further information, click here
Now that you have a Sharesies account and your shares have
been transferred, you’ll be able to easily buy up or sell down on
your shares at our competitive brokerage rates.