ERD
04/12/2015 16:20
RELINT
NOT PRICE SENSITIVE
REL: 1620 HRS EROAD Limited
RELINT: ERD: Ongoing Disclosure Notice - Bruce Wilson
Disclosure of acquisition or disposal of relevant
interest by director or senior manager
Sections 297(2) and 298(2), Financial Markets Conduct Act 2013
To NZX Limited
and
To EROAD Limited
Date this disclosure made: 4 December 2015
Date of last disclosure: 21 October 2015
Director(s) or senior manager(s) giving disclosure
Full name(s): Bruce John Wilson
Name of listed issuer: EROAD Limited
Name of related body corporate (if applicable): Not applicable
Position held in listed issuer: Chief Technology Officer
Summary of acquisition or disposal of relevant interest (excluding specified
derivatives)
Class of affected quoted financial products: Ordinary shares in EROAD Limited
(NZX code: ERD)
Nature of the affected relevant interest(s): Bruce Wilson has the power to
control dealings and voting of shares held by Bruce Wilson, Stephanie Wilson
and SW Trust Services (Thirteen) Limited as trustees of Wilson Family Trust.
Bruce Wilson, Stephanie Wilson and SW Trust Services (Thirteen) Limited are
the registered holder of the securities in respect of which relevant interest
has been disposed.
For that relevant interest,--
(a) number held in class before acquisition or disposal: 661,292
(b) number held in class after acquisition or disposal: 600,000
(c) current registered holder(s): Bruce Wilson, Stephanie Wilson and SW Trust
Services (Thirteen) Limited
(d) registered holder(s) once transfers are registered: Unknown
Details of transactions giving rise to acquisition or disposal
Total number of transactions to which notice relates: 6
Details of the transactions requiring disclosure:
(a) relevant interests were disposed of during a closed period. Prior
written clearance was provided on 25 November 2015
(b) the date of the transactions was between 27 November 2015 and 4 December
2015.
(c) the nature of the transactions were on-market disposals
(d) the names of the other parties to the transactions are unknown
(e) the consideration, expressed in New Zealand dollars, received for the
disposal was market rate on day of trade between $2.25 and $2.35
(f) the number of ordinary shares to which the 6 transactions related was
totalling 61,292 ordinary shares.
Summary of other relevant interests after acquisition or disposal
Class of quoted financial products: Ordinary shares in EROAD Limited (NZX
code: ERD)
Nature of relevant interest(s): Bruce Wilson is the beneficial owner of
shares pursuant to a Long Term Incentive plan, under which the shares are
held on trust subject to certain performance targets being met over the
period 1st April 2014 to 31st March 2017, upon which the shares will vest.
For that relevant interest,--
(a) number held in class: 18,195
(b) current registered holder(s) of securities: EROAD LTI Trustee Limited as
trustee of the trust
Nature of relevant interest(s): Bruce Wilson is the beneficial owner of
shares pursuant to a Long Term Incentive plan, under which the shares are
held on trust subject to certain performance targets being met over the
period 1st April 2015 to 31st March 2018, upon which the shares will vest.
For that relevant interest,--
(a) number held in class: 15,631
(b) current registered holder(s) of securities: EROAD LTI Trustee Limited as
trustee of the trust
Certification
I, Bruce Wilson, certify that, to the best of my knowledge and belief, the
information contained in this disclosure is correct and that I am duly
authorised to make this disclosure by all persons for whom it is made.
End CA:00274681 For:ERD Type:RELINT Time:2015-12-04 16:20:54
