Ann: ALLOT: XRO: Notification of Allotment of Securities

• Release Date: 10/03/16 16:05
• Summary: ALLOT: XRO: Notification of Allotment of Securities
• Price Sensitive: No
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					XRO
10/03/2016 16:05
ALLOT
NOT PRICE SENSITIVE
REL: 1605 HRS Xero Limited

ALLOT: XRO: Notification of Allotment of Securities

10 March 2016

XERO LIMITED (XRO)

NOTIFICATION OF ALLOTMENT OF SECURITIES

For the purpose of Listing Rule 7.12.1 and 7.12.9 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

55,000 Ordinary Shares
Issue price

Ordinary Shares issued upon exercise of options; the exercise price for the
exercise of the options was NZ$2.75 per option

Payment in cash

Yes (payment of exercise price, as set out above)

Any amount paid up (if not in full)

Fully paid
Percentage of total class issued (excluding treasury stock)

0.04% (as a percentage of Ordinary Shares on issue after this issue, to 2
d.p.)

Reasons for the issue

Issue of Ordinary Shares upon exercise of vested options under the Xero
Limited (USA) Equity Incentive Scheme as part of the remuneration of a US
based employee

Specific authority for the issue

Resolution of directors upon granting of options

Terms or details of the issue

Issue of Ordinary Shares upon exercise of vested share options

Total number of securities of the class in existence after the issue
(excluding treasury stock)

136,753,577 Ordinary Shares on issue

820,546 unlisted options (taking into account the exercise of 55,000 options
as set out in this notice)

Note that there are also 766,954 "Restricted Stock Units" (conditional
contractual right to be issued up to 766,954 Ordinary Shares) outstanding
(taking into account all forfeited RSUs to date)
Date of issue

10 March 2016
Number of Securities Converted

55,000 options granted pursuant to the Xero Limited (USA) Equity Incentive
Scheme

Number and Class of Securities into which they have been Converted

55,000 Ordinary Shares
Details of any interest or dividend conditions attaching to Securities
Converted, and allotted upon Conversion

None
Number of Securities of the same class that remain to be Converted

820,546 unlisted options granted pursuant to the Xero Limited (USA) Equity
Incentive Scheme

Matt Vaughan
Company Secretary
Email: [email protected]
End CA:00279094 For:XRO    Type:ALLOT      Time:2016-03-10 16:05:10