SCL
25/07/2014 11:22
ALLOT
REL: 1122 HRS Scales Corporation Limited
ALLOT: SCL: Scales Corporation Limited - Senior Executive LTI Scheme
25 July 2014
NZX RELEASE
SCALES CORPORATION LIMITED - SENIOR EXECUTIVE LTI SCHEME
For the purposes of Listing Rule 7.12.1, Scales Corporation Limited (NZX:
SCL) advises the following securities have been issued on 24 July 2014:
a Class of security Ordinary shares
ISIN NZSCLE0002S8
b Number issued 1,437,000
c Nominal value Not applicable
Issue Price $1.60 per share
d Payment terms Payable in cash
e Amount paid up Fully paid
f Principal terms Not applicable
g Percentage of class of securities 1% of the total ordinary
shares on issue
h Reason for issue 1,437,000 new ordinary shares issued pursuant
to the Scales Corporation Senior Executive LTI Scheme concurrently with the
ordinary shares issued under the Scales Corporation initial public offering
i Authority for issue Directors' resolution dated 12 June 2014
j Terms of issue Ordinary shares issued under the Scales Corporation
Senior Executive LTI Scheme. Participants will only benefit in respect of
ordinary shares acquired under the scheme if they remain in employment with
Scales or its subsidiaries for a period of three years from the date of
allotment of the shares. During this restrictive period, participants'
scheme shares will be held in the name of a custodian appointed by Scales as
bare trustee
k Number of securities in existence after issue 139,779,006
l Treasury stock Not applicable
m Date of issue 24 July 2014
Steve Kennelly
Company Secretary
ENDS
End CA:00253102 For:SCL Type:ALLOT Time:2014-07-25 11:22:04
