TEL telecom corporation of new zealand limited

Ann: ALLOT: TEL: Allotment of Securities

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    TEL
    01/10/2012 16:42
    ALLOT
    
    REL: 1642 HRS Telecom Corporation of New Zealand Limited
    
    ALLOT: TEL: Allotment of Securities
    
    TRISTAN GILBERTSON
    Group General Counsel & Company Secretary
    
    Client and Market Services
    NZX Limited
    PO Box 2959
    Wellington
    New Zealand
    
    1 October 2012
    
    NOTIFICATION OF ALLOTMENT OF SECURITIES
    
    For the purposes of Listing Rule 7.12.1 of the NZSX Listing Rules, Telecom
    Corporation of New Zealand Limited advises the following securities have been
    issued pursuant to its Performance Rights Scheme:
    a) Class of Security Share rights to acquire ordinary shares
    Ordinary Shares ISIN NZTELE0001S4
    
    b) Number Issued
     698,576
    c) Issue Price
     No consideration is payable for the issue of the share rights
    
    d) Payment terms
    
    N/A
    e) Amount Paid Up N/A
    f) Percentage of total class issued
     50.14% of share rights pursuant to the Telecom Performance Rights Scheme
    
    g) Reason for issue Issue of share rights pursuant to the Telecom Performance
    Rights Scheme
    
    h) Authority for issue
     Board resolution dated 23 August 2012 and shareholders resolution dated 28
    September 2012
    
    i) Terms of Issue
     Issue of share rights to acquire ordinary shares pursuant to the Telecom
    Performance Rights Scheme
    
    j) Total number of securities after issue
     2,091,852 share rights issued pursuant to the Telecom Performance Rights
    Scheme (inclusive of share rights held by Paul Reynolds and Simon Moutter)
    
    l) Date of issue
     1 October 2012
    
    Yours faithfully
    
    Tristan Gilbertson
    Group General Counsel & Company Secretary
    End CA:00227991 For:TEL    Type:ALLOT      Time:2012-10-01 16:42:21
    				
 
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