Monday, 20 August 2018

Announcement

ADMIN: AIR: Issue of Restricted Share Rights

07 Dec 2017 12:56NZX
SUBJECT ISSUE OF RESTRICTED SHARE RIGHTS

In 2016 Air New Zealand Limited (the Company) adopted a Chief Executive
Officer Restricted Share Rights Plan (Plan).
The Company advises that it has made a grant of 216,954 restricted share
rights under the plan to Christopher Luxon.  These restricted share rights
were issued on 30 November 2017.
Each restricted share right issued under the Plan gives the holder the right
to receive one fully paid ordinary share in the Company, subject to the
holder remaining employed by the Company on the vesting date.  The vesting
date for this issue of restricted share rights is 31 December 2018 for 86,782
of the rights and 31 December 2019 for the balance (130,172) of the rights.
When considering whether to issue restricted share rights under the Plan in
respect of a financial year, the Board will assess the Chief Executive
Officer''s performance against the individual objectives set for that
financial year.  Future issues of restricted share rights will be considered
on an annual basis.  The Plan is expected to continue through to the
financial year ending 30 June 2020.
End CA:00311567 For:AIR    Type:ADMIN      Time:2017-12-07 12:56:07
Views: 137
Air New Zealand Limited (NS)
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