NZX Notice Pursuant to Listing Rule 3.13.1

Private Bag 3016
Hamilton 3240
New Zealand

0800 651 156
www.lic.co.nz
LIC is the trading name of Livestock Improvement Corporation Limited

NZX Market - Notice pursuant to Listing Rule 3.13.1

Note: This notice is a payment notice for nil paid shares and is being made in reliance upon the waiver decision
granted by NZX Regulation Limited on 29 August 2023, a copy of which is available [here]. Further details
about the nil paid shares and the historical share reclassification to which it relates is set out in that waiver
decision.
Section 1: issuer information
Name of issuer
Livestock Improvement Corporation Limited
NZX ticker code
LIC
Class of Financial Product
Ordinary Share
ISIN
NZLICE0001S1
Currency
NZD
Section 2: capital change details
Number issued/acquired/redeemed/
63 Relevant Shares.
Nominal value (if any)
LIC Ordinary Shares issued under the share simplification
in July 2018 were issued at $1.00 per share but with that
amount unpaid. The issue price of $1.00 per share has now
been paid up for the Relevant Shares.
Issue/acquisition/redemption/ price
$1.00
Nature of the payment (for example,
cash or other consideration)
Cash
Amount paid up (if not in full)
$1.00
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)
0.0000%
Note – we have calculated this based on the number of fully
paid ordinary shares following the paying up of the Relevant
Shares

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)
N/A
Reason for issue/acquisition/redemption
and specific authority for
issue/acquisition/redemption/ (the
The unpaid amount on the Relevant Shares has now been
paid, resulting in the Relevant Shares becoming quoted
Ordinary Shares.

Page 2 of 2

Marise Winthrop
General Counsel
marise.winthrop@lic.co.nz












reason for change must be identified
here)
Total number of Financial Products of
the Class after the
issue/acquisition/redemption/Conversio
n (excluding Treasury Stock) and the
total number of Financial Products of
the Class held as Treasury Stock after
the issue/acquisition/redemption.
141,937,778 quoted Ordinary Shares
407,058 nil paid shares
5,337,584 Ordinary Shares are also held as treasury stock
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
The Relevant Shares were paid up in accordance with their
terms and the constitution of the company. The Relevant
Shares were issued pursuant to a board resolution dated
18 July 2018.

Terms or details of the issue, acquisition,
or redemption (for example: restrictions,
escrow arrangements)
The terms or details of the issue are described in the Notice
of Meeting dated February 2018 available on the Disclose
Register OFR 11202.
Date of issue/acquisition/redemption
63 on 30/01/2026
Section 3: authority for this announcement
Name of person authorised to make this
announcement / Contact person for the
announcement
Marise Winthrop
Contact phone number
07 856 0700
Contact email address
Marise.winthrop@lic.co.nz
Date of release via MAP
02/02/2026