IFT
23/12/2014 16:11
GENERAL
NOT PRICE SENSITIVE
REL: 1611 HRS Infratil Limited
GENERAL: IFT: Infratil Executive Share Scheme
Pursuant to Infratil Limited's Executive Share Scheme, the Company has on 23
December 2014 issued 512,500 executive redeemable shares. The following
information is provided in accordance with NZX Listing Rules 7.12
Class of security: Executive Redeemable Shares
ISIN: N/A
Number of Executive Redeemable Shares issued: 512,500
Issue price (average): With respect to each executive share, the volume
weighted average market price of Infratil Limited ordinary shares over the 20
business days immediately preceding the date on which the shares are issued
to each executive, adjusted as set out below, being $2.9164.
Date issued: 23 December 2014
Payment of initial call due: In cash, within 10 business days of the date of
issue, if not paid prior to or on that date.
Amount paid up/to be paid up: 1 cent per share paid up in cash with the
balance of the issue price payable when the executive becomes eligible to
receive the long term incentive bonus in accordance with the terms of the
Infratil Executive Share Scheme Trust Deed, dated 22 August 2008 and the
current Prospectus and Investment Statement.
Percentage of the total class of securities issued (after the issuance): 37%
of the executive redeemable shares. If fully paid in accordance with the
terms of the offer, 0.091% of Infratil Limited's ordinary shares (assuming
the number of shares is the same as today).
Reason for the issue: Issued pursuant to the Infratil Limited Executive Share
Scheme Trust Deed and the current Prospectus and Investment Statement for the
Scheme.
Specific authority for the issue: Board resolution dated 12 December 2014.
Terms or Details of the issue: Issue of 512,500 Executive Redeemable Shares
pursuant to the Infratil Executive Share Scheme Trust Deed. The Executive
Redeemable Shares may be issued annually to certain executives of the Company
and its subsidiaries with an initial call payable within 10 business days of
the date of issue, and a further call of the balance of the issue price on
the date the executive becomes eligible for the long term incentive bonus in
accordance with the terms of the Infratil Executive Share Scheme Trust Deed,
dated 22 August 2008 (the Trust Deed).
Total number of Executive Redeemable Shares in existence after the issue:
1,367,500
Additional Information: On 23 December 2014, in accordance with the Trust
Deed, Infratil has converted 257,500 Executive Redeemable Shares into
ordinary shares in relation to the 2011 Executive Share Scheme (the 2011
Scheme). The 2011 Scheme closed on 07 December 2014.
Phillippa Harford
Company Secretary
End CA:00259344 For:IFT Type:GENERAL Time:2014-12-23 16:11:01
