- Release Date: 19/06/14 17:26
- Summary: ALLOT: CVT: 270,250 Redeemable Shares Converted to Ordinary Shares
- Price Sensitive: No
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CVT 19/06/2014 17:26 ALLOT REL: 1726 HRS Comvita Limited ALLOT: CVT: 270,250 Redeemable Shares Converted to Ordinary Shares 19 June 2014 Announcement to NZX For immediate release 270,250 redeemable shares converted to ordinary shares and issued to Executives as per the rules of the Scheme. We hereby advise the NZX in accordance with NZSX Listing Rule 7.12.1 that Comvita Limited ("CVT") has issued securities, the details of which are as follows: (a) Class of Security and ISIN: Partly Paid Redeemable Ordinary Shares NZCVTE000157 (b) the number issued or acquired: 270,250; (c) the nominal value (if any) and issue or acquisition price: 231,500 shares at $2.65 per share and 38,750 shares at $1.53 per share; (d) whether payment was in cash: Yes; (e) any amount paid up (if not in full): fully paid up; (f) the percentage of the total Class of Securities issued or acquired: 0.8521% of issued Ordinary Shares before this share issue; (g) the reason for the issue or acquisition: Convert entitlements to Ordinary Shares for Company Executives under the Comvita Limited Partly Paid Share Scheme; (h) the specific authority for the issue or acquisition (if any): Refer to terms of the Comvita Limited Partly Paid Share Scheme and Directors Resolution; (i) any terms or details of the issue or acquisition (such as an escrow provision): The key terms are set out in the initial disclosure of the offer; (j) the total number of Securities of the Class in existence after the issue or acquisition: 1,001,500 Partly Paid Redeemable Shares which are not quoted. Quoted Ordinary Shares increased to 31,984,983; (k) in the case of an acquisition of shares by an Issuer which is a company registered under the Companies Act 1993, whether those shares are to be held as Treasury Stock: N/A; (l) the dates of issue or acquisition: 19 June 2014. End CA:00251803 For:CVT Type:ALLOT Time:2014-06-19 17:26:40
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