Sunday, 18 February 2018

Announcement

GENERAL: KMD: KMD Notification of Performance Rights

21 Dec 2017 12:35NZX
21 December 2017
Market Information Services Section
New Zealand Exchange Limited
Wellington

NOTIFICATION OF PERFORMANCE RIGHTS

For the purposes of Listing Rule 7.12.1 of the NZSX Listing Rules, Kathmandu
Holdings Limited advises the following performance rights have been issued:

a) Class of securities:

ISIN: Performance rights to ordinary shares pursuant to
Kathmandu Holdings Limited Long Term Incentive Plan
ISIN NZKMDE0001SE
b) Number of securities issued, acquired or redeemed:: Performance
rights in respect of 591,932 ordinary shares
c) The Nominal value and the issue, acquisition or redemption price:
Not applicable
Nil, pursuant to Kathmandu Holdings Limited Long Term Incentive Plan
d) Payment in cash? No. The performance right to be allocated
ordinary shares in Kathmandu Holdings Limited is subject to satisfaction of
certain performance conditions with regards to Total Shareholder Returns.
e) Amount paid up: Nil
f) The principal term of the Securities: o Each Performance
Right granted under the Plan entitles the holder to acquire one fully paid
ordinary share in Kathmandu Holdings Limited.
o The number of performance rights that vest will depend on Kathmandu
Holdings Limited''s performance over a 12 month performance period to 31 July
2018 assessed against financial performance conditions (EBIT).
o Performance rights will lapse where the performance conditions are
not met.
o Performance rights will lapse where the holders ceases to be employed
by the Kathmandu Group as at 31 July 2019.
o There is no amount payable by holders either on grant or exercise of
the Performance Rights.
g) Percentage of total class issued: 0.29%
h) Reason for issue: Issue of performance rights to selected
Senior Management employees to be allocated ordinary shares in the company
upon the satisfaction of certain conditions.
i) Specific authority for the issue: Resolution at Annual General
Meeting of shareholders dated 18 November 2016 (approving Long Term Incentive
Plan for employees) and resolution of Directors on 24 November 2017
(approving issue of performance rights to selected Senior Management).
j) Terms or details of the issue: i. The holder has the right to
be issued Ordinary Shares vesting on 31 July 2019 provided the employee
remains in employment with the company to that date.
ii. The number of performance rights that vest will depend on Kathmandu
Holdings Limited''s performance over the 12 months ending 31 July 2018
assessed against financial performance targets (EBIT).
iii. Performance rights will lapse where the performance conditions are
not met.
k) Total number of securities of the class after issue: 591,932 -
Performance Rights - Kathmandu Holdings Limited Long Term Incentive Plan
l) Treasury Stock: Not applicable
m) Date of issue: 11 Dec 2017

Reuben Casey
Company Secretary
End CA:00312336 For:KMD    Type:GENERAL    Time:2017-12-21 12:35:34
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Kathmandu Holdings Limited
 2.310 Change:
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Open:2.310 
High:2.310 
Low:2.310 
Volume:0 
Last Traded:07/02/18 00:20:50 
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Ask:2.350 
52-Wk High:2.620 
52-Wk Low:1.870