Comvita Limited — Share Issue/Capital Change 2021

Sep 27, 2021

Capital Change Notice

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Notice of issue of Performance Share Rights under the Comvita Limited (“ CVT ” or “ Company ”) Performance Share Rights Scheme (“ Scheme ”). This notice is given under the NZX Listing Rules 3.13.1 and 3.15.2 and relates to the conversion of performance share rights (“ PSR’s ” into fully paid ordinary shares in CVT upon certain vesting conditions being met under the Scheme.

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Section 1: Issuer information
Name of issuer Comvita Limited
NZX ticker code CVT
Class of financial product Ordinary Shares
ISIN (If unknown, check on NZX website) NZCVTE0001S7
Currency NZD
Section 2: Capital change details
Number issued/acquired/redeemed 36,008 Ordinary Shares
Nominal value (if any) Not applicable
Issue/acquisition/redemption price per security Not applicable
Nature of the payment (for example, cash or other Not applicable
consideration)
Amount paid up (if not in full) Not applicable
Percentage of total class of Financial Products 0.0513% of all Ordinary Shares
issued/acquired/redeemed/ (calculated on the number of
Financial Products of the Class, excluding any Treasury
Stock, in existence) [1]
For an issue of Convertible Financial Products or Options, the Not applicable
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)
Reason for issue/acquisition/redemption and specific authority Issue of Ordinary Shares
for issue/acquisition/redemption/ (the reason for change must arising from conversion of
be identified here) PSR’s issued to Company
Executives under the Scheme
to incentivise executives. This
issue represents one-third of
each participant’s entitlement
under the Scheme for the
financial year ended 30 June
2020, following vesting
conditions being met (with the
remaining two-thirds to vest in
future years subject to vesting
conditions being met).
Total number of Financial Products of the Class after the 62,756 PSR’s issued on 25
issue/acquisition/redemption/Conversion (excluding Treasury September 2020
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1 The percentage is to be calculated immediately before the issue, acquisition, redemption or Conversion.

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Stock) and the total number of Financial Products of the Class 24,922 PSR’s issued on 4
held as Treasury Stock after the issue/acquisition/redemption. December 2020
166,320 PSR’s issued on 31
August 2021 in relation to the
financial year ended 30 June
2021
218,373 PSR’s issued on 31
August 2021 in relation to the
financial year ended 30 June
2022
472,371 Total PSR’s
70,264,033 ordinary shares
120,928 treasury stock
In the case of an acquisition of shares, whether those shares Not applicable
are to be held as treasury stock
Specific authority for the issue, acquisition, or redemption, Directors Resolution
including a reference to the rule pursuant to which the issue,
Listing Rule 4.6.1
acquisition, or redemption is made
Terms or details of the issue, acquisition, or redemption (for In accordance with the terms of
example: restrictions, escrow arrangements) the Scheme
Date of issue/acquisition/redemption [2] 28 September 2021
Section 3: Authority for this announcement and contact person
Name of person authorised to make this announcement Nigel Greenwood
Contact person for this announcement Nigel Greenwood
Contact phone number 027 238 9522
Contact email address nigel.greenwood@comvita.com
Date of release through MAP 28 September 2021
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