ZEL
26/01/2015 12:19
RELINT
NOT PRICE SENSITIVE
REL: 1219 HRS Z Energy Limited
RELINT: ZEL: Disclosure of Relevant Interest - Robert Freeman
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 Z Energy Limited
Date this disclosure made: 26 January 2015
Date of last disclosure: 5 June 2014
Director(s) or senior manager(s) giving disclosure
Full name(s): Robert Freeman
Name of listed issuer: Z Energy Limited
Name of related body corporate (if applicable): N/A
Position held in listed issuer: General Manager of Supply and Distribution
Summary of acquisition or disposal of relevant interest (excluding specified
derivatives)
Class of affected quoted financial products: Ordinary shares in Z Energy
Limited
Nature of the affected relevant interest(s): Beneficial owner of the ordinary
shares
For that relevant interest,--
(a) number held in class before acquisition or disposal: 69,900 ordinary
shares
(b) number held in class after acquisition or disposal: 0 ordinary shares
(c) current registered holder(s): Z Energy LTI Trustee Limited
(d) registered holder(s) once transfers are registered: Z Energy LTI Trustee
Limited
Details of transactions giving rise to acquisition or disposal
Total number of transactions to which notice relates: One
Details of the transactions requiring disclosure
Date of transaction: 20 January 2015
Nature of transaction: Off-market acquisition of beneficial interest in
69,900 ordinary shares as a result of Robert Freeman resigning as General
Manager of Supply and Distribution and, pursuant to the terms of a long term
incentive plan under which the shares are held on trust by Z Energy LTI
Trustee Limited, the beneficial interest being forfeited to Z Energy LTI
Trustee Limited.
Name of any other party or parties to the transaction (if known): Z Energy
LTI Trustee Limited
The consideration expressed in New Zealand dollars, paid or received for the
acquisition. If the consideration was not in cash and cannot be readily
converted into a cash value, describe the consideration: $241,565.91,
satisfied by a transfer of this outstanding loan balance to Z Energy LTI
Trustee Limited
Number of financial products to which the transaction related: 69,900
ordinary shares
If the issuer has a financial products trading policy that prohibits
directors or senior managers from trading during any period without written
clearance (a closed period)
Whether relevant interests were acquired or disposed of during a closed
period: Yes
Whether prior written consent was provided to allow the acquisition or
disposal to proceed during the closed period: Not required under trading
policy where restricted shares forfeited under employee incentive scheme
Date of the prior written clearance (if any): N/A
Summary of other relevant interests after acquisition or disposal
Class of quoted financial products: N/A
Nature of relevant interest(s): N/A
For that relevant interest,--
(a) number held in class: N/A
(b) current registered holder(s): N/A
For a derivative relevant interest,--
(a) type of derivative: N/A
(b) details of derivative: N/A
(c) parties to the derivative: N/A
(d) if the director or senior manager is not a party to the derivative, the
nature of the relevant interest in the derivative: N/A
Certification
I, John Conlan, 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:00260028 For:ZEL Type:RELINT Time:2015-01-26 12:19:30
