TEL 0.88% $2.87 telecom corporation of new zealand limited

Ann: ALLOT: TEL: Allotment of Securities

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    TEL
    25/10/2012 15:03
    ALLOT
    
    REL: 1503 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
    
    25 October 2012
    
    NOTIFICATION OF ALLOTMENT OF SECURITIES
    
    For the purposes of Listing Rules 7.12.1 and 7.12.9 of the NZSX Listing
    Rules, Telecom Corporation of New Zealand Limited advises the following
    securities have been issued pursuant to its Share Rights Scheme:
    7.12.1
    
    a) Class of Security
    
    Ordinary Shares
    ISIN NZTELE0001S4
    
    b) Number Issued
     52,875
    c) Issue Price
     No cash issue price.  The consideration for the shares issued on exercise of
    the share rights was services provided as a group employee
    
    d) Payment terms
     N/A
    e) Amount Paid Up In full
    f) Percentage of total class issued
     0.0028%
    
    g) Reason for issue Issue of ordinary shares upon exercise of share rights
    pursuant to the Telecom Share Rights Scheme
    
    h) Authority for issue
     Board resolution in relation to the Telecom Share Rights Scheme
    
    i) Terms of Issue
     The shares rank pari passu with the existing ordinary shares
    
    j) Total number of securities after issue
     1,856,225,314
    l) Date of issue
     25 October 2012
    7.12.9
    
    a) Number of Securities converted 52,875 share rights issued pursuant to the
    Telecom Share Rights Scheme
    
    a) Number and Class of Securities
    into which have been converted 52,875 ordinary shares
    
    b) Details of any interests or dividend
    conditions attaching to Securities Converted
    and allotted upon Conversion None
    
    d) Number of Securities of the same class
    that remain to be Converted 832,050 share rights issued pursuant to the
    Telecom Share Rights Scheme and 2,091,852 share rights issued pursuant to the
    Telecom Performance Rights Scheme (inclusive of share rights held by Paul
    Reynolds and Simon Moutter)
    
    Yours faithfully
    
    Tristan Gilbertson
    Group General Counsel & Company Secretary
    End CA:00228874 For:TEL    Type:ALLOT      Time:2012-10-25 15:03:10
    				
 
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