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
