- Release Date: 17/11/15 13:24
- Summary: RELINT: ERD: Ongoing Disclosure Notice - Peter Batcheler
- Price Sensitive: No
- Download Document 3.02KB
ERD 17/11/2015 13:24 RELINT NOT PRICE SENSITIVE REL: 1324 HRS EROAD Limited RELINT: ERD: Ongoing Disclosure Notice - Peter Batcheler Disclosure of acquisition or disposal of relevant interest by director or senior manager Sections 297(2) and 298(2), Financial Markets Conduct Act 2013 To NZX Limited and To EROAD Limited Date this disclosure made: 17 November 2015 Date of last disclosure: 22 October 2015 Director(s) or senior manager(s) giving disclosure Full name(s): Peter Batcheler Name of listed issuer: EROAD Limited Name of related body corporate (if applicable): Not applicable Position held in listed issuer: Former Executive Vice President - Global Sales Summary of acquisition or disposal of relevant interest (excluding specified derivatives) Class of affected quoted financial products: Ordinary shares in EROAD Limited (NZX code: ERD) Nature of the affected relevant interest(s): Peter Batcheler is the beneficial owner of shares pursuant to a Long Term Incentive Plan, under which the shares are held on trust subject to certain performance targets being met. For that relevant interest,-- (a) number held in class before acquisition or disposal: 68,776 (b) number held in class after acquisition or disposal: 0 (c) current registered holder(s): EROAD LTI Trustee Limited (d) registered holder(s) once transfers are registered: N/A Details of transactions giving rise to acquisition or disposal Total number of transactions to which notice relates: 1 Details of the transaction requiring disclosure: (a) the relevant interests were disposed of during a closed period. Prior written clearance was provided on 17 November 2015 (b) the date of the transaction was 17 November 2015 (c) following Peter Batcheler's resignation on 10 November 2015 all shares held by EROAD LTI Trustee Limited on Peter Batcheler's behalf became forfeited shares and EROAD LTI Trustee Limited exercised its call option to require Peter Batcheler to transfer to it all of his beneficial interest in the forfeited shares on 17 November 2015 (d) EROAD LTI Trustee Limited is the other party to the transaction (e) the consideration, expressed in New Zealand dollars, was $221,680.75 (f) the number of ordinary shares to which the transaction related was 68,776 ordinary shares Summary of other relevant interests after acquisition or disposal Class of quoted financial products: Ordinary shares in EROAD Limited (NZX code: ERD) Nature of relevant interest(s): Peter Batcheler has the power to control dealings and voting of shares held by SW Trust Services (Twelve) Limited. SW Trust Services (Twelve) Limited is the registered holder of securities. For that relevant interest,-- (a) number held in class: 2,141,865 (b) current registered holder(s) of securities: SW Trust Services (Twelve) Limited Certification I, Peter Batcheler, certify that, to the best of my knowledge and belief, the information contained in this disclosure is correct and that I am duly authorised to make this disclosure by all persons for whom it is made. End CA:00273581 For:ERD Type:RELINT Time:2015-11-17 13:24:28
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