Capital Change Notice - Senior Bond (PFI030) Allotment

Capital Change Notice


Section 1: Issuer information
Name of issuer Property for Industry Limited
NZX ticker code PFI030
Class of financial product Senior, secured, fixed rate bonds
ISIN (If unknown, check on NZX website) NZPFIDT030C0
Currency NZ$
Section 2: Capital change details
Number issued 150,000,000
Nominal value (if any) $1.00
Issue price per security $1.00
Nature of the payment (for example, cash or other
consideration)
Cash
Amount paid up (if not in full) Fully paid up
Percentage of total class of Financial Products
issued (calculated on the number of Financial
Products of the Class, excluding any Treasury
Stock, in existence)
100%
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 and specific authority for issue
(the reason for change must be identified here)
The proceeds from the issue of the Senior
Bonds will be used to repay existing bank
debt facilities and for general corporate
purposes.
Issue pursuant to Board Resolutions
dated 24 February 2025.
Total number of Financial Products of the Class
after the issue (excluding Treasury Stock) and the
total number of Financial Products of the Class
held as Treasury Stock after the issue.
150,000,000
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
PFI Board Resolutions dated 24 February
2025.

Rule 1.14.1
Terms or details of the issue, acquisition, or
redemption (for example: restrictions, escrow
arrangements)
As set out in the final terms sheet dated 6
March 2025 for the offer of the Senior
Bonds.
Date of issue 13/03/2025

Section 4: Authority for this announcement and contact person
Name of person

authorised to make this
announcement
Craig Peirce, Chief Finance and Operating
Officer
Contact person for this announcement Craig Peirce
Contact phone number +64 21 248 6301
Contact email address peirce@pfi.co.nz
Date of release through MAP

13/03/2025