NOTIFICATION OF ALLOTMENT OF SECURITIES
For the purposes of Listing Rule 7.12.1, Augusta Capital Limited advises that
the following securities have been issued on 23 November 2016:
a Class of security Performance share rights to ordinary shares pursuant to
Augusta Capital Long Term Incentive Plan
ISIN N/A
b Number issued
292,086
c Nominal value N/A
Issue Price Nil, issued pursuant to Augusta Capital Long Term
Incentive Plan
d Payment in cash No payment in cash
e Amount paid up N/A
f Principal terms of securities - Each performance share right entitles
the employee to one fully paid ordinary share in Augusta Capital Limited if
the performance share rights vest
- The number of performance share rights that vest will depend on the
performance of Augusta Capital Limited''s total shareholder returns over a
defined period against the performance of companies in the NZX 50 and NZX
Property Indices
- The defined period is 1 April 2016 to 31 March 2020
- No amount is payable on exercise of the performance share rights.
- The performance share rights lapse if the performance hurdles are not met.
- The performance share rights lapse if the employee ceases to be employed by
the Augusta group before 31 March 2020 (with a board discretion to allow a
pro rata amount to vest if employment ceases due to serious illness,
accident, permanent disability, redundancy or death).
g Percentage of class of securities 31.25%
h Reason for issue
Issue of performance share rights to selected senior management as part of a
long term incentive plan
i Specific authority for issue Directors'' resolution approved on 22
November 2016
j Terms of issue - Each performance share right entitles the employee to one
fully paid ordinary share in Augusta Capital Limited if the performance share
rights vest
- The number of performance share rights that vest will depend on the
performance of Augusta Capital Limited''s total shareholder returns over a
defined period against the performance of companies in the NZX 50 and NZX
Property Indices
- The defined period is 1 April 2016 to 31 March 2020
- No amount is payable on exercise of the performance share rights.
- The performance share rights lapse if the performance hurdles are not met.
- The performance share rights lapse if the employee ceases to be employed by
the Augusta group before 31 March 2020 (with a board discretion to allow a
pro rata amount to vest if employment ceases due to serious illness,
accident, permanent disability, redundancy or death.
k Number of securities
in existence after issue
934,766 performance share rights
l Treasury stock N/A
m Issue date 23 November 2016
Luke Fitzgibbon
Legal Counsel and Company Secretary
End CA:00293128 For:AUG Type:ALLOT Time:2016-11-23 09:54:08