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- Release Date: 01/03/12 19:22
- Summary: ALLOT: NZO: Issue of Securities - Employee Share Plan
- Price Sensitive: No
- Download Document 1.81KB
NZO
01/03/2012 17:22
ALLOT
REL: 1722 HRS New Zealand Oil and Gas Limited
ALLOT: NZO: Issue of Securities - Employee Share Plan
Announcement in terms of NZX Listing Rule 7.12.1
Please be advised of an issue of securities as follows:
(a) Class of Security: ordinary shares (partly paid and not listed).
(b) Number issued: 3,000,000 ordinary shares (partly paid and not listed).
(c) The issue price: 3,000,000 shares at $1 per share.
(d) Payment was in cash to 1 cent per share.
(e) The shares are partly paid to 1 cent per share. The balance of the issue
price is due in accordance with the terms of the issue set out in (i) below.
(f) The percentage of the total class of securities issued 32.9% (of the non
listed partly paid shares).
(g) The reason for issue: allocation of shares to an eligible employee under
the terms of the Employee Share Ownership Plan (ESOP). The price is set at a
premium over the market at the time the allocation was awarded. Issue has now
been completed following finalisation of the terms of issue.
(h) The specific authority for the issue: Pursuant to Listing Rule 7.3.6 and
shareholder resolution passed on the 20th of February 2012.
(i) The terms or details of the issue: The new shares are issued to and held
by the trustee of the ESOP. The shares remain registered in the name of the
trustee until the balance of the issue price is paid in accordance with the
ESOP rules. Full rights to the new shares attach when the balance of the
issue price is paid. The shares are held in escrow for two years and cannot
be dealt with during that period.
(j) Total number of securities in this Class after the issue: 393,212,795
listed ordinary shares and 9,120,000 partly paid shares.
(k) n/a
(l) Date of issue 1 March 2012.
Craig Jones
Company Secretary
End CA:00220259 For:NZO Type:ALLOT Time:2012-03-01 17:22:26
