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- Release Date: 28/02/14 13:55
- Summary: ALLOT: XRO: Notification of Allotment of Securities
- Price Sensitive: No
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XRO
28/02/2014 11:55
ALLOT
REL: 1155 HRS Xero Limited
ALLOT: XRO: Notification of Allotment of Securities
28 February 2014
XERO LIMITED (XRO)
NOTIFICATION OF ALLOTMENT OF SECURITIES
For the purpose of Listing Rule 7.12.1 and 7.12.9 of the NZSX Listing Rules,
Xero Limited advises the following securities have been issued:
Class of Securities Ordinary Shares
ISIN NZXROE0001S2
Number of securities issued 19,527 Ordinary Shares
Issue price
Shares issued upon exercise of options; the exercise price for the exercise
of the options was as follows:
5,698 options at NZ$5.31 per option
13,829 options at NZ$3.82 per option
Payment in cash The exercise price (as set out above) for each option
exercised was paid in cash
Any amount paid up (if not in full) Fully paid
Percentage of total class issued (excluding treasury stock) 0.015% (as a
percentage of Ordinary Shares on issue after this issue, to 3 d.p.)
Reasons for the issue
Issue of Ordinary Shares upon exercise of vested options under the Xero
Limited (USA) Equity Incentive Scheme as part of the remuneration package of
US based employees
Specific authority for the issue Resolution of directors upon granting of
options
Terms or details of the issue Issue of Ordinary Shares upon exercise of
vested employee share options
Total number of securities of the class in existence after the issue
(excluding treasury stock) 127,569,519 Ordinary Shares on issue;
978,677 unlisted options to subscribe for Ordinary Shares in the Company on a
1:1 basis; and
20,537 "RSUs" (conditional contractual right to be issued up to 20,537
Ordinary Shares in the Company)
Date of issue 27 February 2014
Number of Securities Converted 19,527 options granted pursuant to the Xero
Limited (USA) Equity Incentive Scheme
Number and Class of Securities into which they have been Converted 19,527
Ordinary Shares
Details of any interest or dividend conditions attaching to Securities
Converted, and allotted upon Conversion None
Number of Securities of the same class that remain to be Converted 978,677
options (granted pursuant to the Xero Limited (USA) Equity Incentive Scheme)
Matt Vaughan
Company Secretary
Email: [email protected]
End CA:00247643 For:XRO Type:ALLOT Time:2014-02-28 11:55:16
