19 October 2016
Market Information Services Section
New Zealand Exchange Limited
Wellington
RECLASSIFICATION OF RESTRICTED SHARES, AS ORDINARY SHARES
For the purposes of Listing Rule 7.12.1 of the NZSX Listing Rules, Trade Me
Group Limited advises the following restricted securities have been
reclassified as Ordinary Shares:
Class of securities reclassified Restricted Shares issued 1 October 2013
under the Executive Long-term Incentive Scheme
ISIN
Number of securities reclassified 39,315 Ordinary Shares
Issue price n/a
Payment in cash? Yes
Any amount paid up (if not in full) Fully paid
Percentage of total class reclassified (excluding treasury stock) 0.009905%
Reasons for the reclassification Vesting of a proportion of Restricted
Shares, issued to Trustee at 1 October 2013, after testing of performance
hurdles at 30 September 2016. One quarter of the total shares issued in the
LTI 2 round were approved for vesting, by the Board, and now transfer from
the Trustee TMG Trustee Limited to the beneficial holders.
Specific authority for the reclassification Long-term Incentive Scheme Rules,
and directors'' resolution dated 22 September 2016.
Terms or details of the issue Reclassification of some Restricted Shares to
Ordinary Shares after 3 years.
(The remaining three-quarters of the Restricted Shares in the LTI 2 round did
not meet the criteria required for reclassification as Ordinary Shares and
those shares will be redeemed and cancelled by the company subject to the
procedure set out in s. 69(1)(b) Companies Act 1993. Separate notice will be
given to all shareholders in relation to the redemption).
Total number of securities of the class in existence after the issue
(excluding treasury stock) 396,907,466 Ordinary Shares
Date of reclassification 18 October 2016
Sarah Hard
Company Secretary
End CA:00291110 For:TME Type:ALLOT Time:2016-10-19 12:46:35