Capital change notice - share rights plan

Kiwi Property has today issued restricted share rights to invited employees. The restricted share rights are part of an employee share plan designed to give employees an ownership stake in Kiwi Property. Vesting occurs after three years at no cost to the employee, as long as they are employed by Kiwi Property at the time. Restricted share rights do not carry a dividend entitlement.

A capital change notice accompanies this announcement.

Contact us for further information:

Campbell Hodgetts
Communications Lead
[email protected]
+64 27 563 4985

About us:

Kiwi Property (NZX: KPG) is one of the largest listed property companies on the New Zealand Stock Exchange and is a member of the S&P/NZX 20 Index. We’ve been around for over 25 years and proudly own and manage a significant real estate portfolio, comprising some of New Zealand’s best mixed-use, retail and office buildings. Our objective is to provide investors with a reliable investment in New Zealand property through the ownership and active management of a diversified, high-quality portfolio. S&P Global Ratings has assigned Kiwi Property an issuer credit rating of BBB (stable) and an issue credit rating of BBB+ for each of its fixed rate senior secured bonds. Kiwi Property is the highest rated New Zealand company within CDP (Carbon Disclosure Project) and is a member of FTSE4 Good, a series of benchmark and tradable indices for ESG (Environmental, Social and Governance) investors. Kiwi Property is licensed under the Real Estate Agents Act 2008. To find out more, visit our website kp.co.nz

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Announcement PDF