SLI
28/11/2014 16:10
GENERAL
NOT PRICE SENSITIVE
REL: 1610 HRS SLI Systems Limited
GENERAL: SLI: Notification of Issue of Additional Unlisted Options
28 November 2014
Client Market Services
NZX Limited
WELLINGTON
By NZ MAP
NOTIFICATION OF ISSUE OF ADDITIONAL UNLISTED OPTIONS
For the purposes of Listing Rule 7.12.1, SLI Systems Limited (SLI) advises
the following unlisted options have been issued to employees of SLI or its
subsidiaries:
a Class of security Unlisted options
ISIN N/A
b Number issued 207,000 (marked with * in the attached appendix)
c Nominal value N/A
Issue Price Exercise price is as set out in the appendix
d Payment terms Full payment on exercise
e Amount paid up N/A
f Principal terms of security The options are exercisable to the
extent of 1/4 of the options from the one year anniversary after the
effective date of grant (the first vesting date), then an additional 1/36th
of the remaining balance on a monthly basis, so that the options are fully
exercisable on the fourth anniversary of the date of issue.
The options are no longer exercisable on the first to occur of (i) the 10th
anniversary of the date of issue, (ii) the last date for exercising the
option following termination of the option holder's service or (iii) its
termination in connection with a change in control in the company.
Otherwise the options have the same essential terms set out in section 8.4 of
SLI's IPO Investment Statement dated 6 May 2013.
g Percentage of class of securities 100% of the classes of
additional unlisted options specified in the appendix
h Reason for issue Further grant of options to attract, retain
and reward employees and to motivate such individuals to contribute to the
growth and profitability of SLI
i Authority for issue Listing Rule 7.3.6
j Terms of issue As summarised above
k Number of securities in existence after issue
60,926,672 listed ordinary shares
507,526 unlisted redeemable shares
6,218,402 unlisted options in total, of the classes set out in the appendix
l Treasury stock N/A
Yours faithfully
Rod Garrett
Chief Financial Officer
End CA:00258270 For:SLI Type:GENERAL Time:2014-11-28 16:10:52