XRO
10/02/2016 15:57
ALLOT
NOT PRICE SENSITIVE
REL: 1557 HRS Xero Limited
ALLOT: XRO: Notification of Allotment of Securities
10 February 2016
XERO LIMITED (XRO)
NOTIFICATION OF ALLOTMENT OF SECURITIES
For the purpose of Listing Rule 7.12.1 of the NZX Listing Rules, Xero Limited
advises the following securities have been issued:
Class of Securities
Ordinary Shares
ISIN
NZXROE0001S2
Number of securities issued
2,109 Ordinary Shares
Issue price
NZ$16.59 per Ordinary Share, being the 20 day volume weighted average market
price of Xero Limited's Ordinary Shares on the NZX Main Board through to 9
February 2016
Payment in cash
2,109 Ordinary Shares were issued to Lee Hatton, in lieu of cash, as
remuneration for her role as a director of Xero Limited for the preceding
six-month period, to a value of NZ$35,000 (Lee Hatton's current total annual
remuneration for her role as a director of Xero Limited is NZ$70,000)
Any amount paid up (if not in full)
Fully paid
Percentage of total class issued (excluding treasury stock)
0.0015% (as a percentage of Ordinary Shares on issue after this issue to 4
d.p.)
Reasons for the issue
2,109 Ordinary Shares were issued to Lee Hatton, in lieu of cash, as
remuneration for her role as a director of Xero Limited for the preceding
six-month period, to a value of NZ$35,000 (Lee Hatton's current total annual
remuneration for her role as a director of Xero Limited is NZ$70,000)
Specific authority for the issue
Resolution of shareholders passed at Xero Limited's Annual Meeting held on 22
July 2015, and resolution of directors passed on 28 January 2016
Terms or details of the issue
2,109 fully paid Ordinary Shares were issued to Lee Hatton at an issue price
equal to NZ$16.59, being the 20 day volume weighted average market price of
Xero Limited's Ordinary Shares on the NZX Main Board through to 9 February
2016
Total number of securities of the class in existence after the issue
(excluding treasury stock)
136,691,457 Ordinary Shares
There are also (a) 769,611 RSUs (conditional contractual right to be issued
up to 769,611 Ordinary Shares) outstanding; and (b) 816,688 unlisted Options
(convertible into Ordinary Shares on a 1:1 basis) outstanding
Date of issue
10 February 2016
Matt Vaughan
Company Secretary
Email: [email protected]
End CA:00277470 For:XRO Type:ALLOT Time:2016-02-10 15:57:31
