Capital Change Notice - Issue of Performance Share Rights

Capital Change Notice




Notice of issue of Ordinary Shares

This notice is given under the NZX Listing Rules 3.13.1 and relates to the issue of Performance
Share Rights (“PSRs”) under Green Cross Health Limited’s (“GXH”) Performance Share Rights
Scheme (“Scheme”).


Section 1: Issuer information
Name of issuer Green Cross Health Limited
NZX ticker code GXH
Class of financial product Performance Share Rights
ISIN (If unknown, check on NZX website) Not applicable – the PSRs will
not be quoted
Currency NZD
Section 2: Capital change details
Number issued/acquired/redeemed 213,912 PSRs
Nominal value (if any) Not applicable
Issue/acquisition/redemption price per security PSRs issued to employees
under the Scheme for $nil
consideration
Nature of the payment (for example, cash or other
consideration)
Not applicable
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

94.8% of the total number of
PSRs on issue at the date of
this notice
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)
Each PSR is issued pursuant
to the Scheme. The employees
will receive one share for each
PSR that vests (rounded to the
nearest share if the number of
shares to be received is not a
whole number). PSRs will vest
if GXH meets certain
performance hurdles relating to
the growth of GXH’s earnings
per share and return on capital
employed over a period of
three years (the “PSR
Period”), and the employee
remains employed by GXH for
the duration of the PSR
Period.

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

Reason for issue/acquisition/redemption and specific authority
for issue/acquisition/redemption/ (the reason for change must
be identified here)
Board resolutions approving
the grant of PSRs as part of
the ongoing incentive
arrangements for employees.
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.
439,514 PSR’s. There is no
Treasury Stock
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
Board resolutions and Listing
Rule 4.6.1
Terms or details of the issue, acquisition, or redemption (for
example: restrictions, escrow arrangements)
Any ordinary shares issued on
vesting of PSRs will rank
equally with existing ordinary
shares
Date of issue/acquisition/redemption
2
27/11/2024
Section 3: Authority for this announcement and contact person
Name of person

authorised to make this announcement Kalpana Goundar, CFO
Contact person for this announcement Kalpana Goundar
Contact phone number 09 571 9080
Contact email address kalpana.goundar@gxh.co.nz
Date of release through MAP

28/11/2024



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).