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- Release Date: 31/01/12 12:46
- Summary: ALLOT: XRO: Notice of issue of options pursuant to 7.12.1
- Price Sensitive: No
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XRO
31/01/2012 10:46
ALLOT
REL: 1046 HRS Xero Limited
ALLOT: XRO: Notice of issue of options pursuant to 7.12.1
31 January 2012
Market Information Services Section
New Zealand Exchange Limited
Wellington
NOTIFICATION OF ALLOTMENT OF SECURITIES
For the purposes of Listing Rule 7.12.1 of the NZSX Listing Rules, Xero
Limited advises the following options have been issued:
Class of securities issued Options over Ordinary Shares
ISIN NZXROE0001S2
Number of securities issued 200,000 options to acquire ordinary shares
Issue price Nil. The options have an exercise of $2.75 per share.
Payment in cash? N/A
Any amount paid up (if not in full) N/A
Percentage of total class issued if exercised 100% of options to acquire
ordinary shares. If exercised and converted into shares, 0.22% of Xero
Limited ordinary shares.
Reasons for the issue Issue of options for the purposes of a Xero Limited US
Employee Option Scheme as part of the remuneration package of an employee
Specific authority for the issue Resolution of directors dated 24 January
2012
Terms or details of the issue Issue of 200,000 options over Ordinary Shares,
40,000 options are exercisable from each of the five anniversaries of the
grant date subject to continued employment and meeting the exercise price
(other than in exceptional circumstances). Lapse dates exist.
Total number of securities of the class in existence after the issue if
exercised 200,000 options over ordinary shares
Date of issue 25 January 2012
Linda Cox
Company Secretary
End CA:00219016 For:XRO Type:ALLOT Time:2012-01-31 10:46:35
