Friday, 26 April 2024

Announcement

SECISSUE: XRO: Notification of Allotment of Securities

20 Dec 2017 16:13NZX
20 December 2017

XERO LIMITED (XRO)

NOTIFICATION OF ALLOTMENT OF SECURITIES

For the purpose of Listing Rule 7.12.1 and 7.12.9 of the NZSX Listing Rules,
Xero Limited advises the following securities have been issued:

Class of Securities

Ordinary shares in Xero Limited (Ordinary Shares)

ISIN

NZXROE0001S2

Number of securities issued

30,000 Ordinary Shares

Issue price

Ordinary Shares were issued upon exercise of options; the exercise price for
the options was as follows:

25,000 options at NZ$17.89 per option
5,000 options at NZ$17.51 per option

Payment in cash

Yes (payment of exercise price, as set out above)

Any amount paid up (if not in full)

Fully paid

Percentage of total class issued (excluding treasury stock)

0.022% (as a percentage of Ordinary Shares on issue after this issue, to 3
d.p.)

Reasons for the issue

Issue of Ordinary Shares upon exercise of vested options granted under the
Xero Limited (USA) Equity Incentive Scheme (US Scheme) and the Xero Limited
Restricted Stock Unit and Option Plan (NZ) (NZ Plan)

Specific authority for the issue

Resolution of directors upon granting of options

Terms or details of the issue

Issue of Ordinary Shares upon exercise of vested options granted under the US
Scheme and the NZ Plan

Total number of securities of the class in existence after the issue
(excluding treasury stock)

138,447,220 Ordinary Shares on issue

2,149,167 unlisted options (convertible into Ordinary Shares on a 1:1 basis,
subject to the terms of the relevant option plan) outstanding, taking into
account the exercise of 30,000 options as set out in this notification of
allotment

Note that there are also 431,049 "Restricted Stock Units" or RSUs (being
conditional contractual rights to be issued up to 431,049 Ordinary Shares)
outstanding

Date of issue

19 December 2017

Number of Securities Converted

30,000 options

Number and Class of Securities into which they have been Converted

30,000 Ordinary Shares

Details of any interest or dividend conditions attaching to Securities
Converted, and allotted upon Conversion

None

Number of Securities of the same class that remain to be Converted

2,149,167 unlisted options (taking into account the exercise of options as
set out in this notification of allotment)

Chaman Sidhu
Company Secretary
Email: companysecretary@xero.com
End CA:00312248 For:XRO    Type:SECISSUE   Time:2017-12-20 16:13:03
Views: 1191
Xero Limited Ordinary Shares
 34.00 Change:
0.00
0.00%
 
Open:34.00 
High:34.00 
Low:34.00 
Volume:0 
Last Traded:02/02/18 00:19:59 
Bid:32.50 
Ask:34.70 
52-Wk High:35.50 
52-Wk Low:18.30