25 October 2017
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
2014 under the Executive Long-term Incentive Scheme
ISIN
Number of securities reclassified 88,796 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)
0.022386%
Reasons for the reclassification Vesting of a proportion of Restricted
Shares, issued to Trustee at 1 October 2014, after testing of performance
hurdles at 30 September 2017.
30.55% of the total shares still on issue to eligible holders in the LTI 3
round were approved for vesting 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'' approval obtained 11 October 2017.
Terms or details of the issue Reclassification of some Restricted Shares to
Ordinary Shares after 3 years.
(The remaining Restricted Shares in the LTI 3 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) 396,980,822 Ordinary Shares
Date of reclassification 20 October 2017
Sarah Hard
Company Secretary
End CA:00309171 For:TME Type:SECISSUE Time:2017-10-25 10:03:04