Notification of Allotment of Securities
Auckland, New Zealand
Redmond, Washington, USA - 29 December 2017
For the purpose of NZX Main Board Listing Rules 7.12.1 and 7.12.9, Pushpay
Holdings Limited (Pushpay or Company) advises the following securities have
been issued:
Class of security:
Pushpay ordinary shares (Ordinary Shares)
ISIN:
NZPAYE0003S9
Number of securities issued:
520,506 Ordinary Shares
Issue price:
520,506 Ordinary Shares were issued upon vesting of 689,349 Restricted Share
Units (being a conditional contractual right to be issued Ordinary Shares)
(RSUs) granted under the Pushpay Holdings Limited 2016 Share Incentive Plan
(RSU Plan) as part of the remuneration package of US based employees of the
Pushpay Group. No cash consideration was required to be paid for these RSUs
to vest.
168,843 RSUs granted under the RSU Plan were cancelled in connection with
income tax withholding for US based employees of the Pushpay Group upon
vesting of those RSUs
Payment in cash:
No cash consideration was required to be paid for these RSUs to vest
Amount paid up:
Fully paid
Principal terms of securities:
Ordinary Shares
Percentage of total class issued:
0.1900% (as a percentage of Ordinary Shares on issue after this issue)
Reason for issue:
520,506 Ordinary Shares were issued upon vesting of 689,349 RSUs granted
under the RSU Plan as part of the remuneration package of US based employees
of the Pushpay Group
Specific Authority for issue:
Resolutions of directors upon granting of RSUs
Terms or details of issue:
The ordinary shares in Pushpay that have been issued as set out in this
Notification of Allotment rank in all respects equally with existing Ordinary
Shares.
520,506 Ordinary Shares were issued upon vesting of 689,349 RSUs granted
under the RSU Plan as part of the remuneration package of US based employees
of the Pushpay Group. The RSUs vested subject to the terms of the RSU Plan,
which requires continued employment of the relevant employee with the Pushpay
Group on the relevant vesting date
Number of securities in existence after issue:
274,531,276 Ordinary Shares
1,895,359 RSUs
Treasury Stock:
Not applicable
Date of issue:
29 December 2017
Number of securities converted:
689,349 RSUs granted to US based employees of the Pushpay Group under the RSU
Plan
Number and Class of Securities into which they have been Converted:
520,506 Ordinary Shares (168,843 RSUs granted under the RSU Plan were
cancelled in connection with income tax withholding for US based employees of
the Pushpay Group upon vesting of RSUs)
Details of any interest or dividend conditions attaching to Securities
Converted, and allotted upon Conversion:
None
Number of Securities of the same class that remain to be Converted:
1,895,359 RSUs (taking into account the RSUs that have vested as set out in
this notification of allotment)
Contact
Sarah Elder
Investor Relations
Pushpay Holdings Limited
P: +64 21 637 449
E: investors@pushpay.com
www.pushpay.com
About Pushpay
Pushpay provides engagement solutions that enable meaningful connections and
mobile commerce tools that facilitate fast, secure and easy non point of sale
payments. Pushpay provides convenient, personalised and intuitive engagement
and payment solutions to the faith sector, not-for-profit organisations and
education providers.
Pushpay receives funding from Callaghan Innovation to help cover the
commercialisation of innovation.
Pushpay is an award-winning company, team and product. For more information
visit www.pushpay.com/investors/awards.
To download the Pushpay App, visit the iTunes App Store or Google Play and
search for "Pushpay".
ENDS
End CA:00312580 For:PPH Type:SECISSUE Time:2017-12-29 09:30:10