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- Release Date: 06/12/12 18:26
- Summary: ALLOT: KMD: KMD - Notification of Performance Rights
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KMD
06/12/2012 16:26
ALLOT
REL: 1626 HRS Kathmandu Holdings Limited
ALLOT: KMD: KMD - Notification of Performance Rights
KMD - Notification of Performance Rights
6 December 2012
Market Information Services Section
New Zealand Exchange Limited
Wellington
NOTIFICATION OF PERFORMANCE RIGHTS
For the purposes of Listing Rule 7.12.1 of the NZSX Listing Rules, Kathmandu
Holdings Limited advises the following performance rights have been issued:
a) Class of securities: Performance rights to ordinary shares pursuant to
Kathmandu Holdings Limited Long Term Incentive Plan
ISIN: ISIN NZKMDE0001SE
b) Number of securities issued: Performance rights in respect of 259,133
ordinary shares
c) Nominal value: Not applicable
Issue price: Nil, pursuant to Kathmandu Holdings Limited Long Term
Incentive Plan
d) Payment in cash? No. The performance right to be allocated ordinary
shares
in Kathmandu Holdings Limited is subject to satisfaction of certain
performance conditions with regards to Earnings Per Share and Total
Shareholder Returns.
e) Amount paid up: Nil
f) Percentage of total class issued: 0.01%
g) Reason for issue: Issue of performance rights to selected Senior
Management
employees to be allocated ordinary shares in the company upon the
satisfaction of certain conditions
h) Specific authority for the issue: Resolution at Annual General Meeting of
shareholders dated 24
November 2010 and resolution of Directors on 15 November 2012.
i) Terms or details of the issue:
i. The holder has the right to be issued Ordinary Shares vesting on 31 July
2014 provided the employee remains in employment with the company to that
date.
ii. The number of performance rights that vest will depend on Kathmandu
Holdings Limited's performance over the 12 months ending 31 July 2013
assessed against financial performance targets (EBITDA).
iii. Performance rights will lapse where the performance conditions are not
met.
j) Total number of securities of
the class after issue: 259,133 Performance Rights - Kathmandu Holdings
Limited Long Term Incentive Plan
221,920 Performance Rights - Kathmandu Holdings Limited
Long Term Incentive Plan
344,517 Performance Rights - Kathmandu Holdings Limited
Long Term Incentive Plan
k) Treasury Stock: Not applicable
l) Date of issue: 5 December2012
Mark Todd
Company Secretary
End CA:00230794 For:KMD Type:ALLOT Time:2012-12-06 16:26:08
