Capital Change Notice - Performance Share Rights

Capital Change Notice



Section 1: Issuer information
Name of issuer NZME Limited
NZX ticker code NZM
Class of financial product
Unquoted long term performance
share rights (LTI PSRs), convertible
to NZME Limited ordinary shares
pursuant to NZME’s Total Incentive
Plan 2023 (the 2023 LTI Grant).
ISIN (If unknown, check on NZX website) Not applicable
Currency NZD
Section 2: Capital change details
Number cancelled 97,839 LTI PSRs
Nominal value (if any) Nil
Issue/acquisition/redemption price per security Nil
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
cancelled (calculated on the number of Financial
Products of the Class, excluding any Treasury Stock, in
existence)
1

12% of the financial products of that
class.

NZME has other performance share
rights on issue from previous grants
under its Total Incentive Plan. Those
other performance share rights are
treated as a different class as they
are subject to different vesting
conditions
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 cancellation and specific authority for
cancellation (the reason for change must be identified
here)
Lapse of PSRs authorised per the
terms and conditions of the 2023 LTI
Grant and Directors’ resolution dated
29 May 2025.
Certain participants in NZME’s

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

Total Incentive Plan will cease to be
employed by the Company by the
vesting date, therefore, the vesting
conditions will not be met. The
LTI PSRs are hereby cancelled.

The latest issue of 2023 LTI PSRs
was made on 4 July 2023 and a
summary of the terms (including
performance hurdles and applicable
measurement dates) were set out in
the NZX announcement made on that
date. NZME has other performance
share rights issued separately since
that date under its Total Incentive
Plan.
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.
716,530
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.
Directors’ resolution dated 29 May
2025
Terms or details of the issue, acquisition, or redemption
(for example: restrictions, escrow arrangements)
Not applicable
Date of cancellation 30 May 2025
Section 3: Authority for this announcement and contact person
Name of person authorised to make this announcement Genevieve O’Halloran
Contact person for this announcement Genevieve O’Halloran
Contact phone number 027 406 3467
Contact email address Genevieve.ohalloran@nzme.co.nz
Date of release through MAP 30 May 2025

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Capital Change Notice



Section 1: Issuer information
Name of issuer NZME Limited
NZX ticker code NZM
Class of financial product
Unquoted long term performance
share rights (LTI PSRs), convertible
to NZME Limited ordinary shares
pursuant to NZME’s Total Incentive
Plan 2024 (the 2024 LTI Grant).
ISIN (If unknown, check on NZX website) Not applicable
Currency NZD
Section 2: Capital change details
Number cancelled 120,360 LTI PSRs
Nominal value (if any) Nil
Issue/acquisition/redemption price per security Nil
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
cancelled (calculated on the number of Financial
Products of the Class, excluding any Treasury Stock, in
existence)
1

10.8% of the financial products of that
class.

NZME has other performance share
rights on issue from previous grants
under its Total Incentive Plan. Those
other performance share rights are
treated as a different class as they
are subject to different vesting
conditions
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 cancellation and specific authority for
cancellation (the reason for change must be identified
here)
Lapse of PSRs authorised per the
terms and conditions of the 2024 LTI
Grant and Directors’ resolution dated
29 May 2025.
Certain participants in NZME’s

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

Total Incentive Plan will cease to be
employed by the Company by the
vesting date, therefore, the vesting
conditions will not be met. The LTI
PSRs are hereby cancelled.

The latest issue of 2024 LTI PSRs
was made on 31 May 2024 and a
summary of the terms (including
performance hurdles and applicable
measurement dates) were set out in
the NZX announcement made on that
date. NZME has other performance
share rights issued separately since
that date under its Total Incentive
Plan.
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.
997,170
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.
Directors’ resolution dated 29 May
2025
Terms or details of the issue, acquisition, or redemption
(for example: restrictions, escrow arrangements)
Not applicable
Date of cancellation 30 May 2025
Section 3: Authority for this announcement and contact person
Name of person authorised to make this announcement Genevieve O’Halloran
Contact person for this announcement Genevieve O’Halloran
Contact phone number 027 406 3467
Contact email address Genevieve.ohalloran@nzme.co.nz
Date of release through MAP 30 May 2025

---

Capital Change Notice



Section 1: Issuer information
Name of issuer NZME Limited
NZX ticker code NZM
Class of financial product
Unquoted short term performance
share rights (STI PSRs), convertible
to NZME Limited ordinary shares
pursuant to NZME’s Total Incentive
Plan 2024 (the 2024 STI Grant).
ISIN (If unknown, check on NZX website) Not applicable
Currency NZD
Section 2: Capital change details
Number cancelled 54,083 STI PSRs
Nominal value (if any) Nil
Issue/acquisition/redemption price per security Nil
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
cancelled (calculated on the number of Financial
Products of the Class, excluding any Treasury Stock, in
existence)
1

9.3% of the financial products of that
class.

NZME has other performance share
rights on issue from previous grants
under its Total Incentive Plan. Those
other performance share rights are
treated as a different class as they
are subject to different vesting
conditions
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 cancellation and specific authority for
cancellation (the reason for change must be identified
here)
Lapse of PSRs authorised per the
terms and conditions of the 2024 STI
Grant and Directors’ resolution dated
29 May 2025.
Certain participants in NZME’s

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

Total Incentive Plan will cease to be
employed by the Company by the
vesting date, therefore, the vesting
conditions will not be met. The STI
PSRs are hereby cancelled.

The latest issue of 2024 STI PSRs
was made on 26 February 2025 and a
summary of the terms (including
performance hurdles and applicable
measurement dates) were set out in
the NZX announcement made on that
date. NZME has other performance
share rights issued separately since
that date under its Total Incentive
Plan.
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.
525,521
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.
Directors’ resolution dated 29 May
2025
Terms or details of the issue, acquisition, or redemption
(for example: restrictions, escrow arrangements)
Not applicable
Date of cancellation 30 May 2025
Section 3: Authority for this announcement and contact person
Name of person authorised to make this announcement Genevieve O’Halloran
Contact person for this announcement Genevieve O’Halloran
Contact phone number 027 406 3467
Contact email address Genevieve.ohalloran@nzme.co.nz
Date of release through MAP 30 May 2025