- Release Date: 13/10/14 16:30
- Summary: GENERAL: WHS: Notice of Issue of Conditional Rights
- Price Sensitive: No
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WHS 13/10/2014 16:30 GENERAL REL: 1630 HRS The Warehouse Group Limited GENERAL: WHS: Notice of Issue of Conditional Rights 13 October 2014 THE WAREHOUSE GROUP LIMITED NZSX Listing Rule 7.12.1 - Notice of Issue of Conditional Rights The Warehouse Group Limited ("the company") hereby advises that it issued conditional rights, as set out below, to various executives of the company on 13 October 2014. Class of Security: Conditional Rights to ordinary shares in the company pursuant to The Warehouse Group Limited Executive Share Scheme ISIN: ISIN NZ WHSE 000 1S6 Number of securities issued: Conditional rights in respect of 791,200 ordinary shares (classified in the offer booklet as "Performance Shares") Conditional rights in respect of 1,756,962 ordinary shares (classified in the offer booklet as "Award Shares") Issue price: Nil Whether Payment in cash: No. The conditional rights to be allocated and transferred ordinary shares in The Warehouse Group Limited is subject to the satisfaction of certain performance conditions which have been advised on an individual basis to the selected executive employees ("Executive Employees") participating in The Warehouse Group Limited Executive Share Scheme. Any amount paid up (if not in full): Nil Percentage of total class issued: 100% Reasons for the issue: Issue of conditional rights to selected Executive Employees to be allocated and transferred ordinary shares in the company upon the satisfaction of certain conditions Specific authority of the issue Resolution of shareholders dated 23 March 2007 and Resolution of directors dated 11 September 2014. Terms or details of the issue: Performance Shares Performance Target - Total Shareholder Return of $1.00 Performance Period - 13 October 2014 to 13 October 2017 Expected Vesting - 27 October 2017 Award Shares Expected vesting will commence on 30 October 2015 Total number of securities of the class in existence after the issue: 2,536,545 conditional rights pursuant to Executive Share Scheme October 2014 Offer 995,063 conditional rights pursuant to Executive Share Scheme October 2013 Offer 1,186,617 conditional rights pursuant to Executive Share Scheme October 2012 Offer 847,706 conditional rights pursuant to Executive Share Scheme April 2012 Offer Date of issue: 13 October 2014 Kerry Nickels Company Secretary End CA:00256359 For:WHS Type:GENERAL Time:2014-10-13 16:30:00
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