PACIFIC EDGE LIMITED — Director's Dealing 2024

Jul 11, 2024

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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

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To NZX Limited; and
Name of listed issuer: Pacific Edge Limited
Date this disclosure made: 11-Jul-24
Date of last disclosure: 25-Oct-23
Director or senior manager giving disclosure
Full name(s): Grant Gibson
Name of listed issuer: Pacific Edge Limited
Name of related body corporate (if applicable): NA
Position held in listed issuer: Chief Financial Officer
Summary of acquisition or disposal of relevant interest (excluding specified derivatives)
Class of affected quoted financial products: Options to acquire shares
Nature of the affected relevant interest(s): Legal and beneficial owner
For that relevant interest-
Current interest in 1,349,092
Number held in class before acquisition or disposal: ordinary shares, made up of 88,457
ordinary shares and 1,260,635
options to acquire ordinary shares
Current interest in 1,815,016
Number held in class after acquisition or disposal: ordinary shares, made up of 88,457
ordinary shares and 1,726,559
options to acquire ordinary shares
Current registered holder(s): Grant Gibson
Registered holder(s) once transfers are registered: N/A
Summary of acquisition or disposal of specified derivatives relevant interest (if applicable)
Type of affected derivative: N/A
Class of underlying financial products: N/A
Details of affected derivative-
The notional value of the derivative (if any) or the notional amount of underlying
financial products (if any): N/A
A statement as to whether the derivative is cash settled or physically settled: N/A
Maturity date of the derivative (if any): N/A
Expiry date of the derivative(if any): N/A
The price specified in the terms of the derivative (if any): N/A
Any other details needed to understand how the amount of the consideration payable
under the derivative or the value of the derivative is affected by the value of the
underlying financial products: N/A
For that derivative,-
Parties to the derivative: N/A
If the director or senior manager is not a party to the derivative, the nature of the
relevant interest in the derivative: N/A
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Details of transactions giving rise to acquisition or disposal

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Total number of transactions to which notice relates: 1
Details of transactions requiring disclosure-
Date of transaction: 11-Jul-24
Issue of options to acquire ordinary
shares pursuant to an option
agreement between Grant Gibson
and the Company dated on or about
the date of this disclosure notice.
Subject to the continuous
employment of the option holder
(other than as a result of death or
disability), the options will vest in
three equal tranches, being 1 Years
after issue, 2 Years after issue and
the last tranche 3 Years after issue.
• Year 1 - 155,308 options
• Year 2 - 155,308 options
• Year 3 - 155,308 options
Options must be exercised within 4
years of the relevant vesting date,
unless the option holder ceases to
be an employee of the Company (or
a subsidiary) other than as a result of
permanent retirement, death or
disability in which case all options
that have vested must be exercised
within two months of the date on
Nature of transaction: which the option holder ceases to be
Name of any other party or parties to the transaction (if known): N/A
Options are issued for nil
consideration.
To exercise any of the Options, cash
consideration of:
oNZD$0.101 per share for the Year
1 Options;
oNZD$0.114 per share for the Year
2 Options; and
oNZD$0.128 per share for the Year
3 Options,
is payable on the exercise of the
Options.
The option holder will have the
option to elect a cashless
settlement in which case the
Company will issue to the option
holder a lesser number of shares
calculated as:
(i) the number of shares specified in
the relevant option notice; less
(ii) an amount equal to the total
exercise price for the relevant
options divided by the 5 day VWAP
of the Company's shares on
the NZX Main Board on the trading
day before the option holder's
exercise of the Options (such
amount represented as a number of
The consideration, expressed in New Zealand dollars, paid or received for the shares rather than a dollar value,
acquisition or disposal. If the consideration was not in cash and cannot be readily by and rounded down to the
converted into a cash value, describe the consideration: nearest share).
Number of financial products to which the transaction related: Options to acquire 465,924 Shares
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If the issuer has a financial products trading policy that prohibits directors or senior
managers 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: N/A
Whether prior written clearance was provided to allow the acquisition or disposal to
proceed during the closed period: N/A
Date of the prior written clearance (if any): N/A
Summary of other relevant interests after acquisition or disposal:
Class of quoted financial products: N/A
Nature of relevant interest: N/A
For that relevant interest,-
Number held in class: N/A
Current registered holder(s): N/A
For a derivative relevant interest,- N/A
Type of derivative: N/A
Details of derivative,-
The notional value of the derivative (if any) or the notional amount of underlying
financial products (if any): N/A
A statement as to whether the derivative is cash settled or physically settled: N/A
Maturity date of the derivative (if any): N/A
Expiry date of the derivative (if any): N/A
The price's specified terms (if any): N/A
Any other details needed to understand how the amount of the consideration payable
under the derivative or the value of the derivative is affected by the value of the
underlying financial products: N/A
For that derivative relevant interest,- N/A
Parties to the derivative:
N/A
If the director or senior manager is not a party to the derivative, the nature of the
relevant interest in the derivative: N/A
Certification
I, certify that, to the best of my knowledge and belief, the information contained in this
disclosure is correct and that I am duly authorised to make this disclosure by all
persons for whom it is made.
Signature of director or officer:
Date of signature: 11-Jul-2024
or
Signature of person authorised to sign on behalf of director or officer:
Date of signature:
Name and title of authorised person:
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