Ann: ALLOT: AUG: Notification of allotment of securities - LTI Plan

• Release Date: 03/03/16 17:04
• Summary: ALLOT: AUG: Notification of allotment of securities - LTI Plan
• Price Sensitive: No
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					AUG
03/03/2016 17:04
ALLOT
NOT PRICE SENSITIVE
REL: 1704 HRS Augusta Capital Limited

ALLOT: AUG: Notification of allotment of securities - LTI Plan

For the purposes of Listing Rule 7.12.1, Augusta Capital Limited advises that
the following securities have been issued on 3 March 2016:

a  Class of security

     ISIN Performance share rights to ordinary shares pursuant
to Augusta Capital Long Term Incentive Plan

N/A
b  Number issued
 641,660
c  Nominal value
  Issue Price N/A

Nil, issued pursuant to Augusta Capital Long Term Incentive Plan
d  Payment in cash  No payment in cash
e  Amount paid up   N/A
f     Principal terms of securities - Each performance share right
entitles the employee to one fully paid ordinary share in Augusta Capital
Limited if the performance share rights vest
- The number of performance share rights that vest will depend on the
performance of Augusta Capital Limited's total shareholder returns over a
defined period against the performance of companies in the NZX 50 and NZX
Property Indices
- The defined period is 1 April 2015 to 31 March 2019
- No amount is payable on exercise of the performance share rights.
- The performance share rights lapse if the performance hurdles are not met.
- The performance share rights lapse if the employee ceases to be employed by
the Augusta group before 31 March 2019 (with a board discretion to allow a
pro rata amount to vest if employment ceases due to serious illness,
accident, permanent disability, redundancy or death.
g  Percentage of class of securities   100%
h  Reason for issue
 Issue of performance share rights to selected senior management as part of a
long term incentive plan
i  Specific authority for issue   Directors' resolution approved on 24
February 2016
j  Terms of issue - Each performance share right entitles the employee to one
fully paid ordinary share in Augusta Capital Limited if the performance share
rights vest
- The number of performance share rights that vest will depend on the
performance of Augusta Capital Limited's total shareholder returns over a
defined period against the performance of companies in the NZX 50 and NZX
Property Indices
- The defined period is 1 April 2015 to 31 March 2019
- No amount is payable on exercise of the performance share rights.
- The performance share rights lapse if the performance hurdles are not met.
- The performance share rights lapse if the employee ceases to be employed by
the Augusta group before 31 March 2019 (with a board discretion to allow a
pro rata amount to vest if employment ceases due to serious illness,
accident, permanent disability, redundancy or death.
k  Number of securities
in existence after issue
 641,660 performance share rights
l  Treasury stock   N/A
m Issue date 3 March 2016

Luke Fitzgibbon
Legal Counsel and Company Secretary
End CA:00278760 For:AUG    Type:ALLOT      Time:2016-03-03 17:04:53