- Release Date: 06/11/14 10:00
- Summary: ALLOT: XRO: Notification of Allotment of Securities
- Price Sensitive: No
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XRO 06/11/2014 10:00 ALLOT REL: 1000 HRS Xero Limited ALLOT: XRO: Notification of Allotment of Securities 6 November 2014 XERO LIMITED (XRO) NOTIFICATION OF ALLOTMENT OF SECURITIES For the purpose of Listing Rule 7.12.1 of the NZSX Listing Rules, Xero Limited advises the following securities have been issued: Class of Securities Ordinary Shares ISIN NZXROE0001S2 Number of securities issued 238,490 Ordinary Shares Issue price Each Ordinary Share issued at an agreed issue price per Ordinary Share of NZ$20.00 Payment in cash No. Issued as part consideration for the acquisition of all of the issued and outstanding shares in Monchilla Inc. from Jack Couch and Nanjuan Shi (the Sellers), pursuant to the terms of the share purchase agreement entered into between the Sellers and Xero Limited on 6 November 2014 NZT (the SPA) Any amount paid up (if not in full) Fully paid Percentage of total class issued (excluding treasury stock) 0.186% (as a percentage of Ordinary Shares on issue after this issue, to 3 d.p.) Reasons for the issue Issue of Ordinary Shares as part consideration for the acquisition of all of the issued and outstanding shares in Monchilla Inc. from the Sellers Specific authority for the issue Issued pursuant to NZX Listing Rule 7.3.5 and approved by resolution of directors dated 5 November 2014 (NZT) Terms or details of the issue Issue of Ordinary Shares as part consideration for the acquisition of all of the issued and outstanding shares in Monchilla Inc. from the Sellers (Share Consideration). Pursuant to the terms of the SPA, one half of each Seller's Share Consideration is subject to certain trading restrictions (the Restricted Shares), which will lapse on the second anniversary of the date of closing under the SPA (being 6 November 2016 NZT), unless, in the case of each Seller, the Seller does not remain employed by Xero, or a Xero affiliate, continuously until such date (except where such Seller has otherwise left Xero, or a Xero affiliate, for good reason or due to death or disability, or is fired without cause), or there exists a relevant indemnification claim against such Seller in accordance with the SPA; in either such case the Restricted Shares may be cancelled in whole or in part, and in all respects as set out in the SPA Total number of securities of the class in existence after the issue (excluding treasury stock) 128,095,367 Ordinary Shares on issue 685,211 unlisted options (convertible into Ordinary Shares on a 1:1 basis) 57,652 "Restricted Stock Units" (conditional contractual right to be issued up to 57,652 Ordinary Shares) Date of issue 6 November 2014 Matt Vaughan Company Secretary Email: [email protected] End CA:00257310 For:XRO Type:ALLOT Time:2014-11-06 10:00:38
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Ann: ALLOT: XRO: Notification of Allotment of Securities
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