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Ann: ALLOT: XRO: Notification of Allotment of Securities

    • Release Date: 04/02/15 08:30
    • Summary: ALLOT: XRO: Notification of Allotment of Securities
    • Price Sensitive: No
    • Download Document  2.25KB
    					XRO
    04/02/2015 08:30
    ALLOT
    NOT PRICE SENSITIVE
    REL: 0830 HRS Xero Limited
    
    ALLOT: XRO: Notification of Allotment of Securities
    
    3 February 2015
    
    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
    ISIN  NZXROE0001S2
    Number of securities issued  4,378 Ordinary Shares
    Issue price
      Ordinary Shares issued upon exercise of options; the exercise price for the
    exercise of the options was NZ$5.31 per option
    
    Payment in cash  The exercise price (as set out above) for each option
    exercised was paid in cash
    
    Any amount paid up (if not in full)  Fully paid
    Percentage of total class issued (excluding treasury stock)  0.0034% (as a
    percentage of Ordinary Shares on issue after this issue, to 4 d.p.)
    
    Reasons for the issue
    Issue of Ordinary Shares upon exercise of vested options under the Xero
    Limited (USA) Equity Incentive Scheme as part of the remuneration package of
    US based employees
    
    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 employee share options
    
    Total number of securities of the class in existence after the issue
    (excluding treasury stock)  128,383,775 Ordinary Shares on issue
    
    659,823 unlisted options (taking into account the exercise of 4,378 options
    and all forfeited share options to date)
    
    Note that there are also 145,675 "Restricted Stock Units" (conditional
    contractual right to be issued up to 145,675 Ordinary Shares) outstanding
    Date of issue  2 February 2015
    Number of Securities Converted 4,378 options granted pursuant to the Xero
    Limited (USA) Equity Incentive Scheme
    
    Number and Class of Securities into which they have been Converted  4,378
    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  659,823
    unlisted options granted pursuant to the Xero Limited (USA) Equity Incentive
    Scheme
    
    Matt Vaughan
    Company Secretary
    Email: [email protected]
    End CA:00260279 For:XRO    Type:ALLOT      Time:2015-02-04 08:30:49
    
    				

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