- Release Date: 11/07/13 16:58
- Summary: ALLOT: XRO: Notification of allotment of securities
- Price Sensitive: No
- Download Document 2.33KB
XRO 11/07/2013 14:58 ALLOT REL: 1458 HRS Xero Limited ALLOT: XRO: Notification of allotment of securities 11 July 2013 XERO LIMITED (XRO) NOTICE TO NZX LIMITED - LISTING RULE 7.12.1 This notice relates to the granting of options to acquire ordinary shares in Xero Limited, on 10 July 2013, to certain employees within the Xero Limited Group as part of the Xero Limited Employee (USA) Share Option Scheme. The details of such grant are as follows: (a) Class of Security and ISIN Options over Ordinary Shares ISIN: NZXROE0001S2 (b) Number of securities issued 170,789 Options have been granted (with each option having the right to acquire one ordinary share in Xero Limited subject to the terms of the Xero Limited Employee (USA) Share Option Scheme) (c) Issue price Nil. The Options have an exercise price of $17.40 per Option. (d) Payment in cash? N/A. Options were granted as part of the Xero Limited Employee (USA) Share Option Scheme. (e) Any amount paid up (if not in full) N/A (f) Percentage of total class issued (excluding treasury stock) If 100% of the Options were to be exercised and converted to ordinary shares of Xero Limited at the date of grant: 0.145% of issued Ordinary Shares (g) Reasons for the issue Granting of Options under the Xero Limited Employee (USA) Share Option Scheme as part of the remuneration package of US based employees (h) Specific authority for the issue Resolution of directors passed on 19 June 2013 (i) Terms or details of the issue Options are exercisable in specified percentages from each of the three anniversaries of the grant date of the Options subject to the terms of the Xero Limited Employee (USA) Share Option Scheme (including continued employment within the Xero Limited Group). (j) Total number of securities of the class in existence after the issue (excluding treasury stock) 754,953 Options over ordinary shares (taking into account the granting of 170,789 Options, and the exercise or forfeiture of 8,226 Options). (k) In the case of an acquisition of shares by the Issuer, whether those shares are to be held as Treasury Stock (l) Date of issue Not applicable 10 July 2013 (grant date) Please contact the Company Secretary, Ross Jenkins, by email at [email protected] or by phone on +64 21 963 909 if you require any further information. End CA:00238496 For:XRO Type:ALLOT Time:2013-07-11 14:58:58
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