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- Release Date: 20/08/12 11:10
- Summary: ALLOT: XRO: Notification of allotment of securities
- Price Sensitive: No
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XRO
20/08/2012 09:10
ALLOT
REL: 0910 HRS Xero Limited
ALLOT: XRO: Notification of allotment of securities
15 August 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 282,397 options to acquire ordinary shares
Issue price Nil. The options have exercise prices of $3.82 to $5.31 per share
Payment in cash? n/a
Any amount paid up (if not in full) n/a
Percentage of total class issued if 100% of options are exercised If
exercised and converted into shares, 0.26% 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 US based
employees
Specific authority for the issue Resolution of directors dated 21 June 2012
Terms or details of the issue Options are exercisable from each of the three
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 482,397
options over ordinary shares
Date of issue 31 July 2012
Linda Cox
Company Secretary
End CA:00226163 For:XRO Type:ALLOT Time:2012-08-20 09:10:03
