AI assistant
Comvita Limited — Share Issue/Capital Change 2022
Oct 13, 2022
66182_rns_2022-10-14_cc1ca583-1e6d-47e6-bfef-16628e1ec4ec.pdf
Share Issue/Capital Change
Open in viewerOpens in your device viewer
Capital Change Notice
==> picture [96 x 48] intentionally omitted <==
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.
| 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 | New Zealand Dollars |
| Section 2: Capital change details | |
| Number issued/acquired/redeemed | 1,508 ordinary shares |
| Nominal value (if any) | Not applicable |
| Issue/acquisition/redemption price per security | Not applicable |
| Nature of the payment (for example, cash or otherconsideration) | Not applicable |
| Amount paid up (if not in full) | Not applicable |
| Percentage of total class of Financial Productsissued/acquired/redeemed/ (calculated on the number ofFinancial Products of the Class, excluding any TreasuryStock, in existence)1 | 0.0022% of all Ordinary Shares |
| For an issue of Convertible Financial Products or Options,the principal terms of Conversion (for example theConversion price and Conversion date and the ranking ofthe Financial Product in relation to other Classes ofFinancial Product) or the Option (for example, the exerciseprice and exercise date) | Not applicable |
| Reason for issue/acquisition/redemption and specificauthority for issue/acquisition/redemption/ (the reason forchange must be identified here) | Issue of Ordinary Shares arisingfrom conversion of PSR’s issued toCompany Executives under theScheme to incentivise executives.This issue represents one-third ofeach participant’s entitlement underthe Scheme for the financial yearsended 30 June 2021 followingvestingconditions beingmet |
1 The percentage is to be calculated immediately before the issue, acquisition, redemption or Conversion.
==> picture [453 x 447] intentionally omitted <==
----- Start of picture text ----- Total number of Financial Products of the Class after the 880,246 total PSR’sissue/acquisition/redemption/Conversion (excluding 69,885,439 ordinary sharesTreasury Stock) and the total number of Financial Products 499,522 treasury stockof the Class held as Treasury Stock after theissue/acquisition/redemption.In the case of an acquisition of shares, whether those Not applicableshares are to be held as treasury stockSpecific authority for the issue, acquisition, or redemption, Directors Resolution Listingincluding a reference to the rule pursuant to which the Rule 4.6.1issue, acquisition, or redemption is madeTerms or details of the issue, acquisition, or redemption (for In accordance with the terms of theexample: restrictions, escrow arrangements) Comvita Limited PerformanceShare Rights SchemeDate of issue/acquisition/redemption [2] 13 October 2022Section 3: Authority for this announcement and contact personName of person authorised to make this announcement Nigel GreenwoodContact person for this announcement Nigel GreenwoodContact phone number 027 238 9522Contact email address [email protected]Date of release through MAP 14 October 2022----- End of picture text -----