- Release Date: 01/04/16 15:57
- Summary: ALLOT: XRO: Notification of Allotment of Securities
- Price Sensitive: No
- Download Document 3.54KB
XRO 01/04/2016 15:57 ALLOT NOT PRICE SENSITIVE REL: 1557 HRS Xero Limited ALLOT: XRO: Notification of Allotment of Securities 1 April 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 60,716 Ordinary Shares Issue price 34,944 Ordinary Shares were issued upon vesting of 34,944 Restricted Stock Units (RSUs) granted under the Xero Limited Restricted Stock Unit Plan (AU) (AU Plan) as part of the remuneration package of two key employees based in Australia. 25,772 Ordinary Shares were issued upon vesting of 25,772 RSUs granted under the Xero Limited Restricted Stock Unit Plan (NZ) (NZ Plan) as part of the remuneration package of a key employee based in New Zealand. No cash consideration was required to be paid for these RSUs to vest Payment in cash No cash consideration was required to be paid for these RSUs to vest 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 34,944 Ordinary Shares were issued upon vesting of 34,944 RSUs granted under the AU Plan as part of the remuneration package of two key employees based in Australia. 25,772 Ordinary Shares were issued upon vesting of 25,772 RSUs granted under the NZ Plan as part of the remuneration package of a key employee based in New Zealand Specific authority for the issue Resolution of directors upon granting of RSUs Terms or details of the issue 34,944 Ordinary Shares were issued upon vesting of 34,944 RSUs granted under the AU Plan as part of the remuneration package of two key employees based in Australia. The RSUs vested subject to the terms of the AU Plan, which require continued employment of the relevant employee with the Xero Limited Group on the relevant vesting date. 25,772 Ordinary Shares were issued upon vesting of 25,772 RSUs granted under the NZ Plan as part of the remuneration package of a key employee based in New Zealand. The RSUs vested subject to the terms of the NZ Plan, which require continued employment of the relevant employee with the Xero Limited Group on the relevant vesting date Total number of securities of the class in existence after the issue (excluding treasury stock) 136,814,293 Ordinary Shares on issue 705,405 "Restricted Stock Units" (conditional contractual right to be issued up to 705,405 Ordinary Shares) outstanding (taking into account all forfeited RSUs to date, and the 60,716 RSUs that have vested as set out in this notice) Note that there are also 820,546 unlisted options outstanding (convertible into Ordinary Shares on a 1:1 basis) Date of issue 31 March 2016 Number of Securities Converted 34,944 RSUs granted to two key employees based in Australia under the AU Plan; and 25,772 RSUs granted to a key employee based in New Zealand under the NZ Plan Number and Class of Securities into which they have been Converted 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 705,405 RSUs (taking into account all forfeited RSUs to date, and the RSUs that have vested as set out in this notice) Matt Vaughan Company Secretary Email: [email protected] End CA:00280226 For:XRO Type:ALLOT Time:2016-04-01 15:57:03
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