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- Release Date: 01/10/12 19:29
- Summary: ALLOT: XRO: Notification of allotment of securities
- Price Sensitive: No
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XRO
01/10/2012 16:29
ALLOT
REL: 1629 HRS Xero Limited
ALLOT: XRO: Notification of allotment of securities
1 October 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 100,000 options to acquire ordinary shares
Issue price Nil. The options have exercise price of $4.97 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, 0.09% of Xero Limited ordinary shares.
Reasons for the issue Issue of options under the 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 20 September
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 582,397
options over ordinary shares
Date of issue 1 October 2012
Ross Jenkins
Chief Financial Officer
End CA:00227990 For:XRO Type:ALLOT Time:2012-10-01 16:29:47
