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Ann: ALLOT: XRO: Notification of Allotment of Securities

    • Release Date: 02/02/15 08:30
    • Summary: ALLOT: XRO: Notification of Allotment of Securities
    • Price Sensitive: No
    • Download Document  2.39KB
    					XRO
    02/02/2015 08:30
    ALLOT
    NOT PRICE SENSITIVE
    REL: 0830 HRS Xero Limited
    
    ALLOT: XRO: Notification of Allotment of Securities
    
    31 January 2015
    
    XERO LIMITED (XRO)
    
    NOTIFICATION OF ALLOTMENT OF SECURITIES
    
    For the purpose of Listing Rule 7.12.1 of the NZX Listing Rules, Xero Limited
    advises the following securities have been issued:
    
    Class of Securities  Ordinary Shares
    
    ISIN  NZXROE0001S2
    Number of securities issued  2,173 Ordinary Shares
    Issue price  NZ$16.10 per Ordinary Share, being the 20 day volume weighted
    average price of Xero Limited's Ordinary Shares on the NZX Main Board through
    to 29 January 2015.
    
    Payment in cash  No. Ordinary Shares were issued to Lee Hatton in lieu of
    cash, as remuneration for her role as a director of Xero Limited for the
    preceding six month period, to a value of NZ$35,000 (Lee Hatton's current
    total annual remuneration for her role as director of Xero Limited is
    NZ$70,000).
    
    Any amount paid up (if not in full)  Fully paid
    
    Percentage of total class issued (excluding treasury stock)  0.0017% (as a
    percentage of Ordinary Shares on issue after this issue to 4 d.p.)
    
    Reasons for the issue Ordinary Shares issued to Lee Hatton in lieu of cash,
    as remuneration for her role as a director of Xero Limited for the preceding
    six month period, to a value of NZ$35,000 (Lee Hatton's current total annual
    remuneration for her role as director of Xero Limited is NZ$70,000). The
    issue of Ordinary Shares to Lee Hatton was approved by shareholders at Xero
    Limited's Annual Meeting held in July 2014.
    
    Specific authority for the issue  Resolution of directors passed on 29
    January 2015 and shareholder resolution passed at Xero Limited's Annual
    Meeting on 23 July 2014.
    
    Terms or details of the issue  Fully paid Ordinary Shares, with an issue
    price equal to the 20 day volume weighted average market price of Xero
    Limited's Ordinary Shares on the NZX Main Board through to 29 January 2015.
    
    Total number of securities of the class in existence after the issue
    (excluding treasury stock)  128,379,397 Ordinary Shares
    
    Note that there are also:
    
    664,201 unlisted Options (convertible into Ordinary Shares on a 1:1 basis)
    outstanding; and
    
    145,675 unlisted RSUs (conditional contractual right to be issued up to
    145,675 Ordinary Shares) outstanding
    
    Date of issue  30 January 2015
    
    Matt Vaughan
    Company Secretary
    Email: [email protected]
    End CA:00260191 For:XRO    Type:ALLOT      Time:2015-02-02 08:30:19
    
    				

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