- Release Date: 15/02/16 09:52
- Summary: GENERAL: XRO: Notification of Allotment of Securities
- Price Sensitive: No
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XRO 15/02/2016 09:52 GENERAL NOT PRICE SENSITIVE REL: 0952 HRS Xero Limited GENERAL: XRO: Notification of Allotment of Securities 15 February 2016 XERO LIMITED (XRO) NOTIFICATION OF ALLOTMENT OF SECURITIES For the purpose of Listing Rule 7.12.1 of the NZX Listing Rules, Xero Limited advises the following securities have been issued: Class of Securities Options to subscribe for Ordinary Shares in Xero Limited (Options) ISIN NZXROE0001S2 Number of securities issued 66,442 Options to subscribe for ordinary shares in Xero Limited (Ordinary Shares) (each Option entitling the holder to subscribe for one Ordinary Share subject to the terms of the Xero Limited (USA) Equity Incentive Scheme) Issue price The Options have been granted pursuant to the Xero Limited (USA) Equity Incentive Scheme as remuneration and incentive for Chris Liddell and Bill Veghte in their roles as directors. The exercise price is NZ$16.00 per Option (being the 20 day volume weighted average market price of an Ordinary Share in Xero Limited on the NZX Main Board through to 11 February 2016) Payment in cash N/A. Grant of 66,442 Options pursuant to the Xero Limited (USA) Equity Incentive Scheme as remuneration and incentive for Chris Liddell and Bill Veghte in their roles as directors. To exercise the Options the holder is required to pay the exercise price for the Options Any amount paid up (if not in full) N/A Percentage of total class issued (excluding treasury stock) If 100% of the Options were to vest and be exercised on the date of this notification: 0.049% (as a percentage of Ordinary Shares currently on issue to 3 d.p.) Reasons for the issue Grant of 66,442 Options under the Xero Limited (USA) Equity Incentive Scheme as remuneration and incentive for Chris Liddell and Bill Veghte in their roles as directors; approved by the shareholders of Xero Limited at Xero Limited's Annual Meeting on 22 July 2015 Specific authority for the issue Resolution of the shareholders of Xero Limited at Xero Limited's Annual Meeting on 22 July 2015, and resolution of directors passed on 28 January 2016 Terms or details of the issue Grant of 66,442 Options under the Xero Limited (USA) Equity Incentive Scheme as remuneration and incentive for Chris Liddell and Bill Veghte in their roles as directors. The Options vest (and therefore become available for exercise) in three equal parts on each of the three anniversaries of the grant date of the Options (with one-third of the Options vesting on each such anniversary) subject to the terms of the Xero Limited (USA) Equity Incentive Scheme, including the recipient's continued service as a director of the Company. The Options have a final exercise date of four years from the grant date. The Options were approved by the shareholders of Xero Limited at Xero Limited's Annual Meeting on 22 July 2015 Total number of securities of the class in existence after the issue (excluding treasury stock) 883,130 unlisted Options (convertible into Ordinary Shares on a 1:1 basis) There are also (a) 136,691,457 Ordinary Shares on issue; and (b) 769,611 unlisted RSUs (conditional contractual right to be issued up to 769,611 Ordinary Shares) outstanding Date of issue 12 February 2016 (grant date) Matt Vaughan Company Secretary Email: [email protected] End CA:00277637 For:XRO Type:GENERAL Time:2016-02-15 09:52:12
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Ann: GENERAL: XRO: Notification of Allotment of Securities
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