Ongoing Disclosure Notice
Disclosure of Directors and Senior Managers Relevant Interests
Sections 297(2) and 298(2), Financial Markets Conduct Act 2013
To NZX Limited
Name of listed issuer: Freightways Limited
Date this disclosure made: 13 September 2017
Date of last disclosure: 12 September 2016
Director or senior manager giving disclosure
Full name(s): Dean John Bracewell
Name of listed issuer: Freightways Limited
Name of related body corporate (if applicable): n/a
Position held in listed issuer: Managing Director
Summary of acquisition or disposal of relevant interest (excluding specified
derivatives)
Class of affected quoted financial products: Fully
paid ordinary shares
Nature of the affected relevant interest(s): Non-beneficial
relevant interest
For that relevant interest-
Number held in class before acquisition or disposal:
(a) 1,402,896 fully paid ordinary shares
(b) 1,101,152 fully paid ordinary shares
Number held in class after acquisition or disposal:
(a) 1,402,896 fully paid ordinary shares
(b) 1,143,346 fully paid ordinary shares
Current registered holder(s):
(a) Lucerne Road Investments Ltd
(b) D Bracewell, P Bracewell and Bracewell Corporate Trustee
Company Ltd as Trustees for the Bracewell Family Trust
Registered holder(s) once transfers are registered: As for
current holders above.
Summary of acquisition or disposal of specified derivatives relevant interest
(if applicable)
Type of affected derivative: n/a
Class of underlying financial products: n/a
Details of affected derivative-
The notional value of the derivative (if any) or the notional amount of
underlying financial products (if any): n/a
A statement as to whether the derivative is cash settled or physically
settled: n/a
Maturity date of the derivative (if any): n/a
Expiry date of the derivative(if any): n/a
The price specified in the terms of the derivative (if any): n/a
Any other details needed to understand how the amount of the consideration
payable under the derivative or the value of the derivative is affected by
the value of the underlying financial products: n/a
For that derivative,-
Parties to the derivative: n/a
If the director or senior manager is not a party to the derivative, the
nature of the relevant interest in the derivative: n/a
Details of transactions giving rise to acquisition or disposal- Total
number of transactions to which notice relates: Three (3)
Details of transactions requiring disclosure-
Date of transaction: 13 September 2017
Nature of transaction:
(i) 42,194 partly-paid ordinary shares fully paid-up in accordance with the
terms of the Freightways Senior Executive Performance Share Plan. These
shares have now been fully paid-up to their respective issue price (38,833 at
$5.11, 3,231 at $4.12 and 130 at $3.97).
(ii) Allocation of 33,932 partly-paid ordinary shares from
the Freightways Senior Executive Performance Share Plan. These shares have
been paid-up to one cent only. The balance of the $7.83 issue price may only
be fully paid-up once performance hurdles and vesting periods have been met
in accordance with the Plan rules.
(iii) Redemption of 41 partly-paid ordinary shares by
Freightways Limited in accordance with the PSP Rules. As the shares had not
become eligible to be fully paid-up within 5 years from the date of issue,
Freightways Limited was required by the PSP Rules to redeem them. These
shares were paid-up to one cent only at the date of issue. The consideration
payable by Freightways Limited upon redemption was the paid-up amount. The
partly-paid ordinary shares were cancelled upon redemption.
Name of any other party or parties to the transaction (if known):
Freightways Limited
The consideration, expressed in New Zealand dollars, paid or received for the
acquisition or disposal. If the consideration was not in cash and cannot be
readily by converted into a cash value, describe the consideration:
(i) $211,842.51
(ii) $339.32
(iii) $0.41
Number of financial products to which the transaction related:
(i) 42,194 fully paid ordinary shares
(ii) 33,932 partly-paid ordinary shares
(iii) 41 partly-paid ordinary shares
If the issuer has a financial products trading policy that prohibits
directors or senior managers from trading during any period without written
clearance (a closed period) include the following details--
Whether relevant interests were acquired or disposed of during a closed
period: No
Whether prior written clearance was provided to allow the acquisition or
disposal to proceed during the closed period: n/a
Date of the prior written clearance (if any): n/a
Summary of other relevant interests after acquisition or disposal:
Class of quoted financial products: Partly-paid
ordinary shares
Nature of relevant interest: Beneficial relevant interest
For that relevant interest,-
Number held in class: 120,136 partly-paid ordinary shares
Current registered holder(s): Dean Bracewell
For a derivative relevant interest,-
Type of derivative: n/a
Details of derivative-
The notional value of the derivative (if any) or the notional amount of
underlying financial products (if any): n/a
A statement as to whether the derivative is cash settled or physically
settled: n/a
Maturity date of the derivative (if any): n/a
Expiry date of the derivative (if any): n/a
The price''s specified terms (if any): n/a
Any other details needed to understand how the amount of the consideration
payable under the derivative or the value of the derivative is affected by
the value of the underlying financial products: n/a
For that derivative relevant interest,-
Parties to the derivative: n/a
If the director or senior manager is not a party to the derivative, the
nature of the relevant interest in the derivative: n/a
Certification
I certify that, to the best of my knowledge and belief, the information
contained in this disclosure is correct and that I am duly authorised to make
this disclosure by all persons for whom it is made.
Signature of person authorised to sign on behalf of director or officer:
Date of signature: 13 September 2017
Name and title of authorised person: Mark G Royle
Chief Financial Officer
Ongoing Disclosure Notice
Disclosure of Directors and Senior Managers Relevant Interests
Sections 297(2) and 298(2), Financial Markets Conduct Act 2013
To NZX Limited
Name of listed issuer: Freightways Limited
Date this disclosure made: 13 September 2017
Date of last disclosure: 12 September 2016
Director or senior manager giving disclosure
Full name(s): Mark Gordon Royle
Name of listed issuer: Freightways Limited
Name of related body corporate (if applicable): n/a
Position held in listed issuer: Chief Financial Officer
Summary of acquisition or disposal of relevant interest (excluding specified
derivatives)
Class of affected quoted financial products: Fully
paid ordinary shares
Nature of the affected relevant interest(s): Non-beneficial
relevant interest
For that relevant interest-
Number held in class before acquisition or disposal: 164,092 fully
paid ordinary shares
Number held in class after acquisition or disposal: 173,617 fully
paid ordinary shares
Current registered holder(s): Royle Family Holdings Pty Ltd, as
trustee for the Royle Family Trust, of which Mark Royle is a beneficiary.
Registered holder(s) once transfers are registered: As for
current holder above.
Summary of acquisition or disposal of specified derivatives relevant interest
(if applicable)
Type of affected derivative: n/a
Class of underlying financial products: n/a
Details of affected derivative-
The notional value of the derivative (if any) or the notional amount of
underlying financial products (if any): n/a
A statement as to whether the derivative is cash settled or physically
settled: n/a
Maturity date of the derivative (if any): n/a
Expiry date of the derivative(if any): n/a
The price specified in the terms of the derivative (if any): n/a
Any other details needed to understand how the amount of the consideration
payable under the derivative or the value of the derivative is affected by
the value of the underlying financial products: n/a
For that derivative,-
Parties to the derivative: n/a
If the director or senior manager is not a party to the derivative, the
nature of the relevant interest in the derivative: n/a
Details of transactions giving rise to acquisition or disposal- Total
number of transactions to which notice relates: Three (3)
Details of transactions requiring disclosure-
Date of transaction: 13 September 2017
Nature of transaction:
(i) 9,525 partly-paid ordinary shares fully paid-up in accordance with the
terms of the Freightways Senior Executive Performance Share Plan. These
shares have now been fully paid-up to their respective issue price (8,706 at
$5.11, 784 at $4.12 and 35 at $3.97).
(ii) Allocation of 7,328 partly-paid ordinary shares from
the Freightways Senior Executive Performance Share Plan. These shares have
been paid up to one cent only. The balance of the $7.83 issue price may only
be fully paid up once performance hurdles and vesting periods have been met
in accordance with the Plan rules.
(iii) Redemption of 11 partly-paid ordinary shares by
Freightways Limited in accordance with the PSP Rules. As the shares had not
become eligible to be fully paid up within 5 years from the date of issue,
Freightways Limited was required by the PSP Rules to redeem them. These
shares were paid up to one cent only at the date of issue. The consideration
payable by Freightways Limited upon redemption was the paid up amount. The
partly-paid ordinary shares were cancelled upon redemption.
Name of any other party or parties to the transaction (if known):
Freightways Limited
The consideration, expressed in New Zealand dollars, paid or received for the
acquisition or disposal. If the consideration was not in cash and cannot be
readily by converted into a cash value, describe the consideration:
(i) $47,761.44
(ii) $73.28
(iii) $0.11
Number of financial products to which the transaction related:
(i) 9,525 fully paid ordinary shares
(ii) 7,328 partly-paid ordinary shares
(iii) 11 partly-paid ordinary shares
If the issuer has a financial products trading policy that prohibits
directors or senior managers from trading during any period without written
clearance (a closed period) include the following details--
Whether relevant interests were acquired or disposed of during a closed
period: No
Whether prior written clearance was provided to allow the acquisition or
disposal to proceed during the closed period: n/a
Date of the prior written clearance (if any): n/a
Summary of other relevant interests after acquisition or disposal:
Class of quoted financial products: Partly-paid
ordinary shares
Nature of relevant interest: Beneficial relevant interest
For that relevant interest,-
Number held in class: 25,791 partly-paid ordinary shares
Current registered holder(s): Mark Royle
For a derivative relevant interest,-
Type of derivative: n/a
Details of derivative-
The notional value of the derivative (if any) or the notional amount of
underlying financial products (if any): n/a
A statement as to whether the derivative is cash settled or physically
settled: n/a
Maturity date of the derivative (if any): n/a
Expiry date of the derivative (if any): n/a
The price''s specified terms (if any): n/a
Any other details needed to understand how the amount of the consideration
payable under the derivative or the value of the derivative is affected by
the value of the underlying financial products: n/a
For that derivative relevant interest,-
Parties to the derivative: n/a
If the director or senior manager is not a party to the derivative, the
nature of the relevant interest in the derivative: n/a
Certification
I certify that, to the best of my knowledge and belief, the information
contained in this disclosure is correct and that I am duly authorised to make
this disclosure by all persons for whom it is made.
Signature of person authorised to sign on behalf of director or officer:
Date of signature: 13 September 2017
Name and title of authorised person: Mark G Royle
Chief Financial Officer
Ongoing Disclosure Notice
Disclosure of Directors and Senior Managers Relevant Interests
Sections 297(2) and 298(2), Financial Markets Conduct Act 2013
To NZX Limited
Name of listed issuer: Freightways Limited
Date this disclosure made: 13 September 2017
Date of last disclosure: 12 September 2016
Director or senior manager giving disclosure
Full name(s): Matthew Cocker
Name of listed issuer: Freightways Limited
Name of related body corporate (if applicable): n/a
Position held in listed issuer: Chief Information Officer
Summary of acquisition or disposal of relevant interest (excluding specified
derivatives)
Class of affected quoted financial products: Fully
paid ordinary shares
Nature of the affected relevant interest(s): Beneficial relevant
interest
For that relevant interest-
Number held in class before acquisition or disposal:
(a) Nil fully paid ordinary shares
(b) Nil fully paid ordinary shares
Number held in class after acquisition or disposal:
(a) 1,272 fully paid ordinary shares
(b) 331 fully paid ordinary shares
Current registered holder(s):
(a) Matthew Cocker (beneficial)
(b) Freightways Trustee Company Limited (non-beneficial)
Registered holder(s) once transfers are registered: As for
current holders above.
Summary of acquisition or disposal of specified derivatives relevant interest
(if applicable)
Type of affected derivative: n/a
Class of underlying financial products: n/a
Details of affected derivative-
The notional value of the derivative (if any) or the notional amount of
underlying financial products (if any): n/a
A statement as to whether the derivative is cash settled or physically
settled: n/a
Maturity date of the derivative (if any): n/a
Expiry date of the derivative(if any): n/a
The price specified in the terms of the derivative (if any): n/a
Any other details needed to understand how the amount of the consideration
payable under the derivative or the value of the derivative is affected by
the value of the underlying financial products: n/a
For that derivative,-
Parties to the derivative: n/a
If the director or senior manager is not a party to the derivative, the
nature of the relevant interest in the derivative: n/a
Details of transactions giving rise to acquisition or disposal- Total
number of transactions to which notice relates: Three (3)
Details of transactions requiring disclosure-
Date of transaction: 13 September 2017
Nature of transaction:
(i) 1,272 partly-paid ordinary shares fully paid-up in accordance with the
terms of the Freightways Senior Executive Performance Share Plan. These
shares have now been fully paid-up to their issue price of $6.82.
(ii) Allocation of 4,060 partly-paid ordinary shares from
the Freightways Senior Executive Performance Share Plan. These shares have
been paid up to one cent only. The balance of the $7.83 issue price may only
be fully paid up once performance hurdles and vesting periods have been met
in accordance with the Plan rules.
(iii) Allocation of 331 fully paid ordinary shares from the
Freightways Employee Share Plan. These shares will be held in trust for 3
years by Freightways Trustee Company Limited in accordance with the Plan
rules.
Name of any other party or parties to the transaction (if known):
Freightways Limited
The consideration, expressed in New Zealand dollars, paid or received for the
acquisition or disposal. If the consideration was not in cash and cannot be
readily by converted into a cash value, describe the consideration:
(i) $8,662.32
(ii) $40.60
(iii) $2,333.55
Number of financial products to which the transaction related:
(i) 1,272 fully paid ordinary shares
(ii) 4,060 partly-paid ordinary shares
(iii) 331 fully paid ordinary shares
If the issuer has a financial products trading policy that prohibits
directors or senior managers from trading during any period without written
clearance (a closed period) include the following details--
Whether relevant interests were acquired or disposed of during a closed
period: No
Whether prior written clearance was provided to allow the acquisition or
disposal to proceed during the closed period: n/a
Date of the prior written clearance (if any): n/a
Summary of other relevant interests after acquisition or disposal:
Class of quoted financial products: Partly-paid
ordinary shares
Nature of relevant interest: Beneficial relevant interest
For that relevant interest,-
Number held in class: 7,122 partly-paid ordinary shares
Current registered holder(s): Matthew Cocker
For a derivative relevant interest,-
Type of derivative: n/a
Details of derivative-
The notional value of the derivative (if any) or the notional amount of
underlying financial products (if any): n/a
A statement as to whether the derivative is cash settled or physically
settled: n/a
Maturity date of the derivative (if any): n/a
Expiry date of the derivative (if any): n/a
The price''s specified terms (if any): n/a
Any other details needed to understand how the amount of the consideration
payable under the derivative or the value of the derivative is affected by
the value of the underlying financial products: n/a
For that derivative relevant interest,-
Parties to the derivative: n/a
If the director or senior manager is not a party to the derivative, the
nature of the relevant interest in the derivative: n/a
Certification
I certify that, to the best of my knowledge and belief, the information
contained in this disclosure is correct and that I am duly authorised to make
this disclosure by all persons for whom it is made.
Signature of person authorised to sign on behalf of director or officer:
Date of signature: 13 September 2017
Name and title of authorised person: Mark G Royle
Chief Financial Officer
Ongoing Disclosure Notice
Disclosure of Directors and Senior Managers Relevant Interests
Sections 297(2) and 298(2), Financial Markets Conduct Act 2013
To NZX Limited
Name of listed issuer: Freightways Limited
Date this disclosure made: 13 September 2017
Date of last disclosure: 12 September 2016
Director or senior manager giving disclosure
Full name(s): Mark Troughear
Name of listed issuer: Freightways Limited
Name of related body corporate (if applicable): n/a
Position held in listed issuer: General Manager
Summary of acquisition or disposal of relevant interest (excluding specified
derivatives)
Class of affected quoted financial products: Fully
paid ordinary shares
Nature of the affected relevant interest(s): Beneficial relevant
interest
For that relevant interest-
Number held in class before acquisition or disposal:
(a) 393,981 fully paid ordinary shares
(b) 2,155 fully paid ordinary shares
Number held in class after acquisition or disposal:
(a) 399,167 fully paid ordinary shares
(b) 2,486 fully paid ordinary shares
Current registered holder(s):
(a) Mark Troughear (beneficial)
(b) Freightways Trustee Company Limited (non-beneficial)
Registered holder(s) once transfers are registered: As for
current holders above.
Summary of acquisition or disposal of specified derivatives relevant interest
(if applicable)
Type of affected derivative: n/a
Class of underlying financial products: n/a
Details of affected derivative-
The notional value of the derivative (if any) or the notional amount of
underlying financial products (if any): n/a
A statement as to whether the derivative is cash settled or physically
settled: n/a
Maturity date of the derivative (if any): n/a
Expiry date of the derivative(if any): n/a
The price specified in the terms of the derivative (if any): n/a
Any other details needed to understand how the amount of the consideration
payable under the derivative or the value of the derivative is affected by
the value of the underlying financial products: n/a
For that derivative,-
Parties to the derivative: n/a
If the director or senior manager is not a party to the derivative, the
nature of the relevant interest in the derivative: n/a
Details of transactions giving rise to acquisition or disposal- Total
number of transactions to which notice relates: Four (4)
Details of transactions requiring disclosure-
Date of transaction: 13 September 2017
Nature of transaction:
(i) 5,186 partly-paid ordinary shares fully paid-up in accordance with the
terms of the Freightways Senior Executive Performance Share Plan. These
shares have now been fully paid-up to their respective issue price (4,752 at
$5.11, 417 at $4.12 and 17 at $3.97).
(ii) Allocation of 4,060 partly-paid ordinary shares from
the Freightways Senior Executive Performance Share Plan. These shares have
been paid up to one cent only. The balance of the $7.83 issue price may only
be fully paid up once performance hurdles and vesting periods have been met
in accordance with the Plan rules.
(iii) Allocation of 331 fully paid ordinary shares from the
Freightways Employee Share Plan. These shares will be held in trust for 3
years by Freightways Trustee Company Limited in accordance with the Plan
rules.
(iv) Redemption of 6 partly-paid ordinary shares by
Freightways Limited in accordance with the PSP Rules. As the shares had not
become eligible to be fully paid up within 5 years from the date of issue,
Freightways Limited was required by the PSP Rules to redeem them. These
shares were paid up to one cent only at the date of issue. The consideration
payable by Freightways Limited upon redemption was the paid up amount. The
partly-paid ordinary shares were cancelled upon redemption.
Name of any other party or parties to the transaction (if known):
Freightways Limited
The consideration, expressed in New Zealand dollars, paid or recieved for the
acquisition or disposal. If the consideration was not in cash and cannot be
readily by converted into a cash value, describe the consideration:
(i) $26,016.39
(ii) $40.60
(iii) $2,333.55
(iv) $0.06
Number of financial products to which the transaction related:
(i) 5,186 fully paid ordinary shares
(ii) 4,060 partly-paid ordinary shares
(iii) 331 fully paid ordinary shares
(iv) 6 partly-paid ordinary shares
If the issuer has a financial products trading policy that prohibits
directors or senior managers from trading during any period without written
clearance (a closed period) include the following details--
Whether relevant interests were acquired or disposed of during a closed
period: No
Whether prior written clearance was provided to allow the acquisition or
disposal to proceed during the closed period: n/a
Date of the prior written clearance (if any): n/a
Summary of other relevant interests after acquisition or disposal:
Class of quoted financial products: Partly-paid
ordinary shares
Nature of relevant interest: Beneficial relevant interest
For that relevant interest,-
Number held in class: 10,498 partly-paid ordinary shares
Current registered holder(s): Mark Troughear
For a derivative relevant interest,-
Type of derivative: n/a
Details of derivative-
The notional value of the derivative (if any) or the notional amount of
underlying financial products (if any): n/a
A statement as to whether the derivative is cash settled or physically
settled: n/a
Maturity date of the derivative (if any): n/a
Expiry date of the derivative (if any): n/a
The price''s specified terms (if any): n/a
Any other details needed to understand how the amount of the consideration
payable under the derivative or the value of the derivative is affected by
the value of the underlying financial products: n/a
For that derivative relevant interest,-
Parties to the derivative: n/a
If the director or senior manager is not a party to the derivative, the
nature of the relevant interest in the derivative: n/a
Certification
I certify that, to the best of my knowledge and belief, the information
contained in this disclosure is correct and that I am duly authorised to make
this disclosure by all persons for whom it is made.
Signature of person authorised to sign on behalf of director or officer:
Date of signature: 13 September 2017
Name and title of authorised person: Mark G Royle
Chief Financial Officer
Ongoing Disclosure Notice
Disclosure of Directors and Senior Managers Relevant Interests
Sections 297(2) and 298(2), Financial Markets Conduct Act 2013
To NZX Limited
Name of listed issuer: Freightways Limited
Date this disclosure made: 13 September 2017
Date of last disclosure: 12 September 2016
Director or senior manager giving disclosure
Full name(s): Steve Wells
Name of listed issuer: Freightways Limited
Name of related body corporate (if applicable): New Zealand Couriers
Limited
Position held in listed issuer: General Manager
Summary of acquisition or disposal of relevant interest (excluding specified
derivatives)
Class of affected quoted financial products: Fully
paid ordinary shares
Nature of the affected relevant interest(s): Beneficial relevant
interest
For that relevant interest-
Number held in class before acquisition or disposal:
(a) 610,430 fully paid ordinary shares
(b) 2,035 fully paid ordinary shares
Number held in class after acquisition or disposal:
(a) 615,616 fully paid ordinary shares
(b) 2,035 fully paid ordinary shares
Current registered holder(s):
(a) Steve Wells (beneficial)
(b) Freightways Trustee Company Limited (non-beneficial)
Registered holder(s) once transfers are registered: As for
current holders above.
Summary of acquisition or disposal of specified derivatives relevant interest
(if applicable)
Type of affected derivative: n/a
Class of underlying financial products: n/a
Details of affected derivative-
The notional value of the derivative (if any) or the notional amount of
underlying financial products (if any): n/a
A statement as to whether the derivative is cash settled or physically
settled: n/a
Maturity date of the derivative (if any): n/a
Expiry date of the derivative(if any): n/a
The price specified in the terms of the derivative (if any): n/a
Any other details needed to understand how the amount of the consideration
payable under the derivative or the value of the derivative is affected by
the value of the underlying financial products: n/a
For that derivative,-
Parties to the derivative: n/a
If the director or senior manager is not a party to the derivative, the
nature of the relevant interest in the derivative: n/a
Details of transactions giving rise to acquisition or disposal- Total
number of transactions to which notice relates: Three (3)
Details of transactions requiring disclosure-
Date of transaction: 13 September 2017
Nature of transaction:
(i) 5,186 partly-paid ordinary shares fully paid-up in accordance with the
terms of the Freightways Senior Executive Performance Share Plan. These
shares have now been fully paid-up to their respective issue price (4,752 at
$5.11, 417 at $4.12 and 17 at $3.97).
(ii) Allocation of 4,060 partly-paid ordinary shares from
the Freightways Senior Executive Performance Share Plan. These shares have
been paid up to one cent only. The balance of the $7.83 issue price may only
be fully paid up once performance hurdles and vesting periods have been met
in accordance with the Plan rules.
(iii) Redemption of 6 partly-paid ordinary shares by
Freightways Limited in accordance with the PSP Rules. As the shares had not
become eligible to be fully paid up within 5 years from the date of issue,
Freightways Limited was required by the PSP Rules to redeem them. These
shares were paid up to one cent only at the date of issue. The consideration
payable by Freightways Limited upon redemption was the paid up amount. The
partly-paid ordinary shares were cancelled upon redemption.
Name of any other party or parties to the transaction (if known):
Freightways Limited
The consideration, expressed in New Zealand dollars, paid or received for the
acquisition or disposal. If the consideration was not in cash and cannot be
readily by converted into a cash value, describe the consideration:
(i) $26,016.39
(ii) $40.60
(iii) $0.06
Number of financial products to which the transaction related:
(i) 5,186 fully paid ordinary shares
(ii) 4,060 partly-paid ordinary shares
(iii) 6 partly-paid ordinary shares
If the issuer has a financial products trading policy that prohibits
directors or senior managers from trading during any period without written
clearance (a closed period) include the following details--
Whether relevant interests were acquired or disposed of during a closed
period: No
Whether prior written clearance was provided to allow the acquisition or
disposal to proceed during the closed period: n/a
Date of the prior written clearance (if any): n/a
Summary of other relevant interests after acquisition or disposal:
Class of quoted financial products: Partly-paid
ordinary shares
Nature of relevant interest: Beneficial relevant interest
For that relevant interest,-
Number held in class: 15,690 partly-paid ordinary shares
Current registered holder(s): Steve Wells
For a derivative relevant interest,-
Type of derivative: n/a
Details of derivative-
The notional value of the derivative (if any) or the notional amount of
underlying financial products (if any): n/a
A statement as to whether the derivative is cash settled or physically
settled: n/a
Maturity date of the derivative (if any): n/a
Expiry date of the derivative (if any): n/a
The price''s specified terms (if any): n/a
Any other details needed to understand how the amount of the consideration
payable under the derivative or the value of the derivative is affected by
the value of the underlying financial products: n/a
For that derivative relevant interest,-
Parties to the derivative: n/a
If the director or senior manager is not a party to the derivative, the
nature of the relevant interest in the derivative: n/a
Certification
I certify that, to the best of my knowledge and belief, the information
contained in this disclosure is correct and that I am duly authorised to make
this disclosure by all persons for whom it is made.
Signature of person authorised to sign on behalf of director or officer:
Date of signature: 13 September 2017
Name and title of authorised person: Mark G Royle
Chief Financial Officer
Ongoing Disclosure Notice
Disclosure of Directors and Senior Managers Relevant Interests
Sections 297(2) and 298(2), Financial Markets Conduct Act 2013
To NZX Limited
Name of listed issuer: Freightways Limited
Date this disclosure made: 13 September 2017
Date of last disclosure: 12 September 2016
Director or senior manager giving disclosure
Full name(s): Neil Wilson
Name of listed issuer: Freightways Limited
Name of related body corporate (if applicable): Post Haste Limited
Position held in listed issuer: General Manager
Summary of acquisition or disposal of relevant interest (excluding specified
derivatives)
Class of affected quoted financial products: Fully
paid ordinary shares
Nature of the affected relevant interest(s): Beneficial relevant
interest
For that relevant interest-
Number held in class before acquisition or disposal:
(a) 44,442 fully paid ordinary shares
(b) 3,067 fully paid ordinary shares
Number held in class after acquisition or disposal:
(a) 49,628 fully paid ordinary shares
(b) 3,398 fully paid ordinary shares
Current registered holder(s):
(a) Neil Wilson (beneficial)
(b) Freightways Trustee Company Limited (non-beneficial)
Registered holder(s) once transfers are registered: As for
current holders above.
Summary of acquisition or disposal of specified derivatives relevant interest
(if applicable)
Type of affected derivative: n/a
Class of underlying financial products: n/a
Details of affected derivative-
The notional value of the derivative (if any) or the notional amount of
underlying financial products (if any): n/a
A statement as to whether the derivative is cash settled or physically
settled: n/a
Maturity date of the derivative (if any): n/a
Expiry date of the derivative(if any): n/a
The price specified in the terms of the derivative (if any): n/a
Any other details needed to understand how the amount of the consideration
payable under the derivative or the value of the derivative is affected by
the value of the underlying financial products: n/a
For that derivative,-
Parties to the derivative: n/a
If the director or senior manager is not a party to the derivative, the
nature of the relevant interest in the derivative: n/a
Details of transactions giving rise to acquisition or disposal- Total
number of transactions to which notice relates: Four (4)
Details of transactions requiring disclosure-
Date of transaction: 13 September 2017
Nature of transaction:
(i) 5,186 partly-paid ordinary shares fully paid-up in accordance with the
terms of the Freightways Senior Executive Performance Share Plan. These
shares have now been fully paid-up to their respective issue price (4,752 at
$5.11, 417 at $4.12 and 17 at $3.97).
(ii) Allocation of 4,060 partly-paid ordinary shares from
the Freightways Senior Executive Performance Share Plan. These shares have
been paid up to one cent only. The balance of the $7.83 issue price may only
be fully paid up once performance hurdles and vesting periods have been met
in accordance with the Plan rules.
(iii) Allocation of 331 fully paid ordinary shares from the
Freightways Employee Share Plan. These shares will be held in trust for 3
years by Freightways Trustee Company Limited in accordance with the Plan
rules.
(iv) Redemption of 6 partly-paid ordinary shares by
Freightways Limited in accordance with the PSP Rules. As the shares had not
become eligible to be fully paid up within 5 years from the date of issue,
Freightways Limited was required by the PSP Rules to redeem them. These
shares were paid up to one cent only at the date of issue. The consideration
payable by Freightways Limited upon redemption was the paid up amount. The
partly-paid ordinary shares were cancelled upon redemption.
Name of any other party or parties to the transaction (if known):
Freightways Limited
The consideration, expressed in New Zealand dollars, paid or received for the
acquisition or disposal. If the consideration was not in cash and cannot be
readily by converted into a cash value, describe the consideration:
(i) $26,016.39
(ii) $40.60
(iii) $2,333.55
(iv) $0.06
Number of financial products to which the transaction related:
(i) 5,186 fully paid ordinary shares
(ii) 4,060 partly-paid ordinary shares
(iii) 331 fully paid ordinary shares
(iv) 6 partly-paid ordinary shares
If the issuer has a financial products trading policy that prohibits
directors or senior managers from trading during any period without written
clearance (a closed period) include the following details--
Whether relevant interests were acquired or disposed of during a closed
period: No
Whether prior written clearance was provided to allow the acquisition or
disposal to proceed during the closed period: n/a
Date of the prior written clearance (if any): n/a
Summary of other relevant interests after acquisition or disposal:
Class of quoted financial products: Partly-paid
ordinary shares
Nature of relevant interest: Beneficial relevant interest
For that relevant interest,-
Number held in class: 10,498 partly-paid ordinary shares
Current registered holder(s): Neil Wilson
For a derivative relevant interest,-
Type of derivative: n/a
Details of derivative-
The notional value of the derivative (if any) or the notional amount of
underlying financial products (if any): n/a
A statement as to whether the derivative is cash settled or physically
settled: n/a
Maturity date of the derivative (if any): n/a
Expiry date of the derivative (if any): n/a
The price''s specified terms (if any): n/a
Any other details needed to understand how the amount of the consideration
payable under the derivative or the value of the derivative is affected by
the value of the underlying financial products: n/a
For that derivative relevant interest,-
Parties to the derivative: n/a
If the director or senior manager is not a party to the derivative, the
nature of the relevant interest in the derivative: n/a
Certification
I certify that, to the best of my knowledge and belief, the information
contained in this disclosure is correct and that I am duly authorised to make
this disclosure by all persons for whom it is made.
Signature of person authorised to sign on behalf of director or officer:
Date of signature: 13 September 2017
Name and title of authorised person: Mark G Royle
Chief Financial Officer
End CA:00307162 For:FRE Type:SHINTR Time:2017-09-13 16:52:28