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- Release Date: 13/04/12 11:40
- Summary: ALLOT: WHS: Notice of Issue of Conditional Rights
- Price Sensitive: No
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WHS
13/04/2012 09:40
ALLOT
REL: 0940 HRS The Warehouse Group Limited
ALLOT: WHS: Notice of Issue of Conditional Rights
13 April 2012
THE WAREHOUSE GROUP LIMITED
NZSX Listing Rule 7.12.1 - Notice of Issue of Conditional Rights
The Warehouse Group Limited ("the company") hereby advises that it issued
conditional rights, as set out below, to various executives of the company on
13 April 2012.
Class of Security Conditional Rights to ordinary shares in the company
pursuant to The Warehouse Group Limited Executive Share Scheme
ISIN NZ WHSE 000 156
Number of securities issued Conditional rights in respect of 806,398 ordinary
shares (classified in the prospectus as "Performance Shares")
Conditional rights in respect of 1,128,953 ordinary shares (classified in the
prospectus as "Award Shares")
Issue price Nil
Whether Payment in cash No. The conditional rights to be allocated and
transferred ordinary shares in The Warehouse Group Limited is subject to the
satisfaction of certain performance conditions which have been advised on an
individual basis to the selected executive employees ("Executive Employees")
participating in The Warehouse Group Limited Executive Share Scheme.
Any amount paid up (if not in full) Nil
Percentage of total class issued 100%
Reasons for the issue Issue of conditional rights to selected Executive
Employees to be allocated and transferred ordinary shares in the company upon
the satisfaction of certain conditions
Specific authority of the issue Resolution of shareholders dated 23 March
2007 and Resolution of directors dated 8 March 2012.
Terms or details of the issue Performance Shares
Performance Target - Total Shareholder Return of $0.75
Performance Period - 23 April 2012 to 17 October 2014
Expected Vesting - 31 October 2014
Award Shares
Expected vesting will commence on 31 October 2014
Total number of securities of the class in existence after the issue
1,935,351 conditional rights pursuant to Executive Share Scheme April 2012
Offer
536,380 conditional rights pursuant to Executive Share Scheme October 2010
Offer
343,519 conditional rights pursuant to Executive Share Scheme October 2009
Offer
Date of issue 13 April 2012
End CA:00221799 For:WHS Type:ALLOT Time:2012-04-13 09:40:55
