ERD
09/06/2015 16:32
RELINT
NOT PRICE SENSITIVE
REL: 1632 HRS EROAD Limited
RELINT: ERD: Ongoing Disclosure Notice - Brian Michie
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: 9 June 2015
Date of last disclosure: 15 August 2014
Director(s) or senior manager(s) giving disclosure
Full name(s): Brian Michie
Name of listed issuer: EROAD Limited
Name of related body corporate: Not applicable
Position held in listed issuer: Senior Vice President
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)
For that relevant interest,--
(a) number held in class before acquisition or disposal: 2,195,466
(b) number held in class after acquisition or disposal: 2,072,966
(c) current registered holder(s): Brian Michie
(d) registered holder(s) once transfers are registered: Not known
Details of transactions giving rise to acquisition or disposal
Total number of transactions to which notice relates: 7
Details of the transactions requiring disclosure:
(a) relevant interests were disposed of during a closed period. Prior
written clearance was provided on 29 May 2015
(b) the date of the transactions was 2 to 9 June 2015
(c) the nature of the transactions were on-market disposals
(d) the names of the other parties to the transactions are not known
(e) the consideration, expressed in New Zealand dollars, received for the
disposal was market rate on date of sale, between $4.09 and $3.87.
(f) the number of ordinary shares to which the 7 transaction(s) related was
122,500 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): Brian Michie 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 over the
period 1st April 2014 to 31st March 2017, upon which the shares will vest.
For that relevant interest,--
(a) number held in class: 44,183
(b) current registered holder(s) of securities: Wayne Hudson and Anthony
Gibson as trustees of the trust which holds securities on behalf of
participants in the Long Term Incentive Plan.
Certification
I, Brian Michie 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:00265436 For:ERD Type:RELINT Time:2015-06-09 16:32:36
