KPG
16/04/2015 11:24
GENERAL
NOT PRICE SENSITIVE
REL: 1124 HRS Kiwi Property Group Limited
GENERAL: KPG: Employee share option plan
Kiwi Property has today issued 67,760 fully-paid ordinary shares (Shares)
pursuant to the Kiwi Property employee share option plan (Plan). A copy of
the allotment notice has been provided to NZX.
Kiwi Property has established the Plan for all permanent employees excluding
any employee that is a director of any Kiwi Property company (employees). The
Plan is designed to attract, motivate and retain employees and align the
interests of employees and shareholders. The Plan has been approved by Inland
Revenue in accordance with the Income Tax Act 2007.
The trustee of the Plan (Trustee) will hold the Shares on behalf of each
employee for three years (the holding period). At the end of the holding
period the Trustee will transfer 605 Shares to each employee who is still
employed with Kiwi Property. During the holding period, each employee will
receive any dividends that Kiwi Property pays on the Shares.
> Ends
Contact us for further information
Chris Gudgeon
Chief Executive
email [email protected]
direct +64 9 359 4011
mobile +64 21 855 907
Stuart Tabuteau
Chief Financial Officer
email [email protected]
direct +64 9 359 4025
mobile +64 21 912 247
About us
Kiwi Property (NZX: KPG) is the largest listed property company on the New
Zealand Stock Exchange and is a member of the NZX15 Index. We've been around
for more than 20 years and we proudly own and manage a $2.28 billion
portfolio of real estate, comprising some of New Zealand's best shopping
centres and prime office buildings. Our objective is to provide investors
with a reliable investment in New Zealand property by targeting superior
risk-adjusted returns over time through the ownership and active management
of a diversified, high-quality portfolio. To find out more, visit our
website kp.co.nz
End CA:00263187 For:KPG Type:GENERAL Time:2015-04-16 11:24:57
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