Chorus Limited (NS) — Director's Dealing 2018

Aug 13, 2018

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Ongoing Disclosure Notice

Disclosure of Directors and Senior Managers Relevant Interests Sections 297(2) and 298(2), Financial Markets Conduct Act 2013

Disclosure of Directors and Senior Managers Relevant InterestsSections 297(2) and 298(2), Financial Markets Conduct Act 2013
To NZX Limited; and
Name of listed issuer:		Chorus Limited
Date this disclosure made:		13-Aug-18
Date of last disclosure:		19-Apr-18
Director or senior managergiving disclosure
Full name(s):		Edward Beattie
Name of listed issuer:		Chorus Limited
Name of related body corporate (if applicable):		N/A
Position held in listed issuer:		General Manager Network and FieldManagement
Summary of acquisition or disposal of relevant interest (excluding specified derivatives)Class of affected quoted financial products:Chorus Limited ordinary sharesNature of the affected relevant interest(s):(1) Forfeiture of beneficial interest in 33,418ordinary shares pursuant to Chorus' Long TermIncentive Plan on resignation as a Chorusemployee.(2) Disposal of 320 ordinary shares pursuant toChorus' Equity Building Scheme on resignationas a Chorus employee.For that relevant interest-Number held in class before acquisition or disposal:(1) 57,086(2) 320Number held in class after acquisition or disposal:(1) 23,668(2) 0Current registered holder(s):(1) Chorus LTI Trustee Limited(2) Trustees Executors Limited
Class of affected quoted financial products:		Chorus Limited ordinary shares
Nature of the affected relevant interest(s):		(1) Forfeiture of beneficial interest in 33,418ordinary shares pursuant to Chorus' Long TermIncentive Plan on resignation as a Chorusemployee.(2) Disposal of 320 ordinary shares pursuant toChorus' Equity Building Scheme on resignationas a Chorus employee.
For that relevant interest-
Number held in class before acquisition or disposal:		(1) 57,086(2) 320
Number held in class after acquisition or disposal:		(1) 23,668(2) 0
Current registered holder(s):		(1) Chorus LTI Trustee Limited(2) Trustees Executors Limited
Registered holder(s) once transfers are registered:		(1) Chorus LTI Trustee Limited(2) Unknown
Summary of acquisition or disposal of specified derivatives relevant interest (if applicable)Type of affected derivative:N/AClass of underlying financial products:Details of affected derivative-The notional value of the derivative (if any) or the notional amount of underlying financialproducts(if any):A statement as to whether the derivative is cash settled or physically settled:
		N/A
The notional value of the derivative (if any) or the notional amount of underlying financialproducts(if any):
A statement as to whether the derivative is cash settled or physically settled:
Maturity date of the derivative (if any):
Expirydate of the derivative(if any):
Theprice specified in the terms of the derivative(if any):
Any other details needed to understand how the amount of the consideration payableunder the derivative or the value of the derivative is affected by the value of the underlyingfinancial products:
_For that derivative,- _Parties to the derivative:If the director or senior manager is not a party to the derivative, the nature of the relevantinterest in the derivative:
Parties to the derivative:
If the director or senior manager is not a party to the derivative, the nature of the relevantinterest in the derivative:
Details of transactions giving rise to acquisition or disposal
Total number of transactions to which notice relates:		2

Details of transactions requiring disclosure-Date of transaction:Nature of transaction:Name of any other party or parties to the transaction (if known):The consideration, expressed in New Zealand dollars, paid or received for the acquisitionor disposal. If the consideration was not in cash and cannot be readily by converted into acash value,describe the consideration:Number of financial products to which the transaction related:If the issuer has a financial products trading policy that prohibits directors or seniormanagers from trading during any period without written clearance (a closed period)include the following details—Whether relevant interests were acquired or disposed of during a closed period:	Details of transactions requiring disclosure-Date of transaction:Nature of transaction:Name of any other party or parties to the transaction (if known):The consideration, expressed in New Zealand dollars, paid or received for the acquisitionor disposal. If the consideration was not in cash and cannot be readily by converted into acash value,describe the consideration:Number of financial products to which the transaction related:If the issuer has a financial products trading policy that prohibits directors or seniormanagers from trading during any period without written clearance (a closed period)include the following details—Whether relevant interests were acquired or disposed of during a closed period:
Date of transaction:		13/08/2018
Nature of transaction:		(1) Off market acquisition of benficial interest inChorus Limited ordinary shares by Chorus LTITrustee Limited as trustee under Chorus' LongTerm Incentive Plan.(2) On market disposal of Chorus Limitedordinary shares by Trustee Executors Limitedas trustee under Chorus' Equity BuildingScheme.
Name of any other party or parties to the transaction (if known):		(1) Chorus LTI Trustee Limited as trusteeunder Chorus' Long Term Incentive Plan(2) Unknown
The consideration, expressed in New Zealand dollars, paid or received for the acquisitionor disposal. If the consideration was not in cash and cannot be readily by converted into acash value,describe the consideration:		(1) Nil(2) $2
Number of financial products to which the transaction related:		(1) 33,418(2) 320
If the issuer has a financial products trading policy that prohibits directors or seniormanagers from trading during any period without written clearance (a closed period)include the following details—
Whether relevant interests were acquired or disposed of during a closed period:		Yes
Whether prior written clearance was provided to allow the acquisition or disposal toproceed duringthe closedperiod:		Yes
Date of the prior written clearance (if any):		7/08/2018
Summary of other relevant interests after acquisition or disposal:Class of quoted financial products:Nature of relevant interest:For that relevant interest,-Number held in class:Current registered holder(s):For a derivative relevant interest,-Type of derivative:Details of derivative,-
		ChorusLimited ordinary shares
		Registeredholderand beneficialowner
		26,233
		EdwardBeattie
		N/A
The notional value of the derivative (if any) or the notional amount of underlying financialproducts (if any):		N/A
A statement as to whether the derivative is cash settled or physically settled:
Maturity date of the derivative (if any):
Expiry date of the derivative (if any):
The price's specified terms (if any):
Any other details needed to understand how the amount of the consideration payableunder the derivative or the value of the derivative is affected by the value of the underlyingfinancialproducts:
For that derivative relevant interest,-
Parties to the derivative:
If the director or senior manager is not a party to the derivative, the nature of the relevantinterest in the derivative:
CertificationI certify that, to the best of my knowledge and belief, the information contained in thisdisclosure is correct and that I am duly authorised to make this disclosure by all personsfor whom it is made.Signature of director or officer:Date of signature:orSignature of person authorised to sign on behalf of director or officer:Date of signature:Name and title of authorised person:
		13/08/2018
Signature of person authorised to sign on behalf of director or officer:
Date of signature:
Name and title of authorised person: