TEL telecom corporation of new zealand limited

Ann: ALLOT: TEL: Allotment of Securities

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    TEL
    10/10/2012 11:01
    ALLOT
    
    REL: 1101 HRS Telecom Corporation of New Zealand Limited
    
    ALLOT: TEL: Allotment of Securities
    
    TRISTAN GILBERTSON
    Group General Counsel & Company Secretary
    
    Client and Market Services
    NZX Limited
    PO Box 2959
    Wellington
    New Zealand
    
    10 October 2012
    
    NOTIFICATION OF ALLOTMENT OF SECURITIES
    
    For the purposes of Listing Rules 7.12.1 and 7.12.9 of the NZSX Listing
    Rules, Telecom Corporation of New Zealand Limited advises the following
    securities have been issued pursuant to its Share Rights Scheme:
    7.12.1
    
    a) Class of Security
    
    Ordinary Shares
    ISIN NZTELE0001S4
    
    b) Number Issued
     271,389
    c) Issue Price
     No cash issue price.  The consideration for the shares issued on exercise of
    the share rights was services provided as a group employee
    
    d) Payment terms
     N/A
    e) Amount Paid Up In full
    f) Percentage of total class issued
     0.0146%
    
    g) Reason for issue Issue of ordinary shares upon exercise of share rights
    pursuant to the Telecom Share Rights Scheme
    
    h) Authority for issue
     Board resolution in relation to the Telecom Share Rights Scheme
    
    i) Terms of Issue
     The shares rank pari passu with the existing ordinary shares
    
    j) Total number of securities after issue
     1,860,598,014
    l) Date of issue
     10 October 2012
    7.12.9
    
    a) Number of Securities converted 271,389 share rights issued pursuant to the
    Telecom Share Rights Scheme
    
    a) Number and Class of Securities
    into which have been converted 271,389 ordinary shares
    
    b) Details of any interests or dividend
    conditions attaching to Securities Converted
    and allotted upon Conversion None
    
    d) Number of Securities of the same class
    that remain to be Converted 1,224,936 share rights issued pursuant to the
    Telecom Share Rights Scheme and 2,091,852 share rights issued pursuant to the
    Telecom Performance Rights Scheme (inclusive of share rights held by Paul
    Reynolds and Simon Moutter)
    
    Yours faithfully
    
    Tristan Gilbertson
    Group General Counsel & Company Secretary
    End CA:00228296 For:TEL    Type:ALLOT      Time:2012-10-10 11:01:17
    				
 
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