In accordance with NZX Main Board Listing Rule 7.12.1, The a2 Milk Company Limited (a2MC or Company) advises of the relevant details of the unlisted options to acquire ordinary shares it has issued today.
Class of Security: Options to acquire ordinary shares in the Company
ISIN: Not applicable
Number issued: 5,000,000 options
Issue price: Each option has an exercise price of $0.63
Payment in cash: Not applicable
Amount paid up (if not in full): Not applicable
Percentage of the total class of securities issued: 100%
Reason for issue: The options were issued under the Company’s new Long Term Incentive Plan, to remunerate Mr David Hearn for services to be provided as an executive/director of the Company’s UK subsidiary and an adviser pertaining to the UK and USA
Specific authority for issue: Board resolution pursuant to the Listing Rules
Terms or details of issue: The options will vest in five equal tranches over five years commencing on the first anniversary of the date of grant.
Total number of securities of the class in existence after the issue: 5,000,000 options
Treasury stock (acquisition only): Not applicable.
Date of issue: 30 March 2015
For further information contact:
The a2 Milk Company Limited
+61 2 9697 7000