Briscoe Group Limited — Share Issue/Capital Change 2019

Oct 30, 2019

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Capital Change Notice

Updated as at 8 May 2019

Section 1: Issuer information
Name of issuer	Briscoe Group Limited
NZX ticker code	BGP
Class of financial product	Ordinary Shares
ISIN (If unknown, check on NZX website)	NZBGRE0001S4
Currency	New Zealand Dollars
Section 2: Capital change details
Number issued	10,000
Nominal value (if any)	Not applicable
Issue/acquisition/redemption price per security	$2.75
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)1	0.0045%
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 shares were issued pursuant to the Executive Share Option Scheme 2015
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/acquisition/redemption.	222,148,500
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 including a reference to the rule pursuant to which the issue is made	Board resolution 27 October 2015 Issue pursuant to previous listing rule 7.3.6 (equivalent to listing rule 4.6)

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

Terms or details of the issue	Issue of Ordinary Shares under the Briscoe Group Executive Share Option Scheme. New Ordinary Shares rank pari passu with the existing fully paid Ordinary Shares on issue. Employees holding the shares may only trade in accordance with the Briscoe Group Share Trading Policy.
Date of issue/acquisition/redemption2	30/10/2019
Section 3: Authority for this announcement and contact person
Name of person authorised to make this announcement	Geoff Scowcroft
Contact person for this announcement	Geoff Scowcroft
Contact phone number	+64 9 8155678
Contact email address	geoff@briscoes.co.nz
Date of release through MAP	30/10/2019

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).