30 June 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
15,594 Ordinary Shares
Issue price
Ordinary Shares were issued upon exercise of options; the exercise price for
the options was as follows:
5,594 options at NZ$17.40 per option
10,000 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)
0.011% (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)
137,823,230 Ordinary Shares on issue
2,145,350 unlisted options (convertible into Ordinary Shares on a 1:1 basis,
subject to the terms of the relevant option plan) outstanding, taking into
account all forfeited options to date and the exercise of 15,594 options as
set out in this notification of allotment
Note that there are also 293,647 "Restricted Stock Units" or RSUs (being
conditional contractual rights to be issued up to 293,647 Ordinary Shares)
outstanding, taking into account all forfeited RSUs to date
Date of issue
29 June 2017
Number of Securities Converted
15,594 options
Number and Class of Securities into which they have been Converted
15,594 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
2,145,350 unlisted options (taking into account and all forfeited options to
date, and the exercise of options as set out in this notification of
allotment)
Chaman Sidhu
Company Secretary
Email: companysecretary@xero.com
End CA:00303433 For:XRO Type:SECISSUE Time:2017-06-30 14:27:54