KIP
08/12/2014 12:41
HALT
NOT PRICE SENSITIVE
REL: 1241 HRS Kiwi Income Property Trust
HALT: KIPGC: MEMO: KIP Mandatory Convertible Notes ("KIPGC") Conversion
MEMORANDUM
To: Market Participants
From: NZX Client and Market Services
Date: 8 December 2014
Subject: Kiwi Income Property Trust Mandatory Convertible Notes ("KIPGC")
Conversion
Message:
NZX Regulation ("NZXR") refers to the announcement made by Kiwi Income
Property Trust ("KIP") on Monday, 1 December 2014, relating to the conversion
of the KIP Mandatory Convertible Notes ("KIPGC") to ordinary units in KIP on
Saturday, 20 December 2014, in accordance with the terms of the prospectus
dated 10 November 2009.
Following the conversion on Saturday, 20 December 2014, KIP will be
corporatised to become Kiwi Property Group Limited ("KPG") and the ordinary
units will be exchanged for ordinary shares*.
Conversion
The record date for the conversion is 5.00pm, Thursday, 18 December 2014. The
conversion ratio will be 0.8550 ordinary units : 1 KIPGC as per the
conversion formula detailed in the prospectus dated 10 November 2009.
Interest Payment
The final interest payment on KIPGC will be paid in cash on Monday, 22
December 2014. The record date is 5.00pm, Thursday, 18 December 2014.
A timetable of events is as per attached.
*NZXR advises that the Corporatisation is yet to be approved by KIP
unitholders at the meeting to be held on 15 December 2014 and therefore
conditional on unitholder approval.
Please contact Client and Market Services on +64 4 496 2853 or [email protected]
with any queries.
ENDS
End CA:00258624 For:KIP Type:HALT Time:2014-12-08 12:41:49
