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- Release Date: 16/12/13 13:37
- Summary: ALLOT: KMD: KMD - Notification of Performance Rights
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KMD
16/12/2013 11:37
ALLOT
REL: 1137 HRS Kathmandu Holdings Limited
ALLOT: KMD: KMD - Notification of Performance Rights
KMD - Notification of Performance Rights
13 December 2013
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 162,369
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: 0.08%
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 20
November 2013 and resolution of Directors on 19 November
2013.
i) Terms or details of the issue:
i. The holder has the right to be issued Ordinary Shares vesting on 31 July
2016
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 2014 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: 229,678 Performance Rights - Kathmandu Holdings
Limited
Long Term Incentive Plan
221,920 Performance Rights - Kathmandu Holdings Limited
Long Term Incentive Plan
261,009 Performance Rights - Kathmandu Holdings Limited
Long Term Incentive Plan
436,182 Performance Rights - Kathmandu Holdings Limited
Long Term Incentive Plan
Treasury Stock: Not applicable
k) Date of issue: 5 December2013
Mark Todd
Company Secretary
End CA:00245236 For:KMD Type:ALLOT Time:2013-12-16 11:37:31
