Ann: GENERAL: KMD: KMD: Notification of Performance Rights -...

• Release Date: 18/12/14 12:05
• Summary: GENERAL: KMD: KMD: Notification of Performance Rights - Senior Management
• Price Sensitive: No
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					KMD
18/12/2014 12:05
GENERAL
NOT PRICE SENSITIVE
REL: 1205 HRS Kathmandu Holdings Limited

GENERAL: KMD: KMD: Notification of Performance Rights - Senior Management

18 Dec 2014
Market Information Services Section
New Zealand Exchange Limited
Wellington

NOTIFICATION OF PERFORMANCE RIGHTS

For the purposes of Listing Rule 7.12.1 of the NZSX Listing Rules, Kathmandu
Holdings Limited advises the following performance rights have been issued:

a) Class of securities:

ISIN: Performance rights to ordinary shares pursuant to
Kathmandu Holdings Limited Long Term Incentive Plan
ISIN NZKMDE0001SE
b) Number of securities issued: Performance rights in respect of 426,029
ordinary shares
c) Nominal value:
Issue price: Not applicable
Nil, pursuant to Kathmandu Holdings Limited Long Term Incentive Plan
d) Payment in cash? No. The performance right to be allocated ordinary shares
in Kathmandu Holdings Limited is subject to satisfaction of certain
performance conditions with regards to Total Shareholder Returns.
e) Amount paid up: Nil
f) Principal term of securities: - Each Performance Right granted under the
Plan entitles the holder to acquire one fully paid ordinary share in
Kathmandu Holdings Limited.
- The number of performance rights that vest will depend on Kathmandu
Holdings Limited's performance over a 12 month performance period to 31 July
2015 assessed against financial performance conditions (EBITDA).
- Performance rights will lapse where the performance conditions are not met.

- Performance rights will lapse where the holders ceases to be employed by
the Kathmandu Group as at 31 July 2016.
- There is no amount payable by holders either on grant or exercise of the
Performance Rights.
g) Percentage of total class issued: 0.21%
h) Reason for issue: Issue of performance rights to selected Senior
Management employees to be allocated ordinary shares in the company upon the
satisfaction of certain conditions.
i) Specific authority for the issue: Resolution at Annual General Meeting of
shareholders dated 20 November 2013 and resolution of Directors on 20
November 2014
j) Terms or details of the issue: i. The holder has the right to be issued
Ordinary Shares vesting on 31 July 2016 provided the employee remains in
employment with the company to that date.
ii. The number of performance rights that vest will depend on Kathmandu
Holdings Limited's performance over the 12 months ending 31 July 2015
assessed against financial performance targets (EBITDA).
iii. Performance rights will lapse where the performance conditions are not
met.
k) Total number of securities of the class after issue: 147,976 Performance
Rights - Kathmandu Holdings Limited Long Term Incentive Plan
114,839 Performance Rights - Kathmandu Holdings Limited Long Term Incentive
Plan
261,009 Performance Rights - Kathmandu Holdings Limited Long Term Incentive
Plan
285,987 Performance Rights - Kathmandu Holdings Limited Long Term Incentive
Plan
110,891 Performance Rights - Kathmandu Holdings Limited Long Term Incentive
Plan
426,029 Performance Rights - Kathmandu Holdings Limited Long Term Incentive
Plan
l) Treasury Stock: Not applicable
m) Date of issue: 16 Dec 2014

Reuben Casey
Company Secretary
End CA:00259106 For:KMD    Type:GENERAL    Time:2014-12-18 12:05:21