Ann: GENERAL: SNK: Issue of securities by Snakk Media Limited

• Release Date: 04/09/15 16:08
• Summary: GENERAL: SNK: Issue of securities by Snakk Media Limited
• Price Sensitive: No
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					SNK
04/09/2015 16:08
GENERAL
NOT PRICE SENSITIVE
REL: 1608 HRS Snakk Media Limited

GENERAL: SNK: Issue of securities by Snakk Media Limited

SNAKK MEDIA LIMITED

4 September 2015

NZX Limited
 Wellington

ISSUE OF SECURITIES BY SNAKK MEDIA LIMITED

Snakk Media Limited ("SNK") advises that it has issued 1,000,000 options to
acquire ordinary shares as follows:

Class of Security: Options to acquire Ordinary Shares in the Company
("Options")

ISIN: Not applicable - securities are not listed

Number issued: 1,000,000

Payment: No moneys are payed on the issue of the Options. 6.3 cents is
payable upon the exercise of each Option

Percentage of total Class
of Securities issued: Assuming that the options were exercised and new shares
issued, those new shares issued would represent 0.376% of the total number of
ordinary shares on issue in SNK post that issue.

Reason for the issue: The Options were issued to a Director of the Company.

Authority of issue: Director's Resolution and NZAX Listing Rules 7.3.6.

Terms of issue: The terms of issue of the Options are as per the attached
Schedule.

The new shares issued upon the exercise of the Options will be credited as
fully paid, and rank in all respects equally with the shares already on
issue.

Total number of securities
of the Class in existence
after the issue:  1,000,000 new Options

Date of issue: 24 August 2015

SNAKK MEDIA LIMITED

Director

SCHEDULE

The following summary describes the principal terms of issue of the Options
("Options"):

(a) each Option entitles the holder to acquire one ordinary share in the
Company;
(b) the exercise price payable in respect of each Option, so as to acquire
one ordinary share in the Company, is NZ 6.3 cents;
(c) The Options shall vest in the holder as follows:
 (i) one third of the Options shall vest on 12 June 2016;
(ii) one third of the Options shall vest on 12 June 2017;
(iii) one third of the Options shall vest on 12 June 2018;
Each tranche of Options may only be exercised in the period commencing on the
date on which the respective tranche of Options vest in the respective holder
of the Options, and ending on that date being 24 calendar months after the
date of the vesting of that respective tranche of Options (Exercise Period).

(e) Should the services of the holder of an Option cease to be retained by
the Company or a subsidiary of the Company prior to a tranche of Options
vesting in the holder, then those Options that have not vested at that time
shall terminate;
(f) any Options which are not exercised during the Exercise Period shall
lapse;
(g) shares issued upon exercise of an Option shall be credited as fully paid
and rank equally in all respects with shares on issue at the relevant
exercise date (except for any dividend or other entitlement where the
entitlement date occurs prior to the exercise date);
(h) the Options are not transferable without the prior approval of the
Company in writing;
(i) the Options shall confer on the holder the right to participate in rights
issues undertaken by the Company;
(j) the holders of the Options will not be entitled to vote at any meeting of
the shareholders of the Company;
(k) on any consolidation, subdivision or other reconstruction of shares the
number of shares over which each Option is exercisable will be adjusted in
proportion to the reconstruction, and the exercise price will remain
unchanged;
(l) if, during the Exercise Period, the Company undertakes a bonus issue to
the shareholders of the Company, the number of shares over which each Option
is exercisable will be increased (or, at the election of the holder,
additional shares may be reserved for issue on the exercise of the option) by
the number of shares which the holder would have received if the option had
been exercised before the record date for the bonus issue.  The total
exercise price shall remain unchanged however;
and otherwise on the terms set out in the Option Allocation Deed entered into
between the Company and the holders of the Options.
End CA:00269689 For:SNK    Type:GENERAL    Time:2015-09-04 16:08:32