NZX
29/01/2016 09:15
ALLOT
NOT PRICE SENSITIVE
REL: 0915 HRS NZX Limited
ALLOT: NZX: Issue of shares on SuperLife acquisition
29 January 2016
Issue of deferred consideration shares on SuperLife acquisition
NZX advises that it has today issued 4,132,232 shares at $1.21 per share as
deferred consideration to the vendors for the acquisition of SuperLife
Limited. The acquisition was completed in January 2015 for an initial
consideration of $20 million. An additional $5 million of deferred
consideration, to be paid in NZX shares at an issue price of $1.21 per share
was payable if funds under management (FUM) exceeded $1.207 billion for a
period of 12 consecutive months following completion. This condition was
satisfied in January 2016 so these shares have now been issued. Further
details of the share issue are contained in the attached notice.
Additional deferred consideration of up to $10 million in cash may become
payable in Q1 2018 if targets are met for growth in FUM over the period to 31
December 2017.
Media contact:
Kate McLaughlin
Head of Communications
T: 09 309 3654
M: 027 533 4529
E: [email protected]
Investor contact:
Bevan Miller
Chief Financial Officer
T: 04 498 2271
M: 021 276 7359
E: [email protected]
About NZX Limited
NZX builds and operates capital, risk and commodity markets and the
infrastructure required to support them. We provide high quality information,
data and tools to support business decision making. We aim to make a
meaningful difference to wealth creation for our shareholders and the
individuals, businesses and economies in which we operate. To learn more
about NZX, please visit: www.nzxgroup.com
End CA:00276969 For:NZX Type:ALLOT Time:2016-01-29 09:15:12
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