REDEMPTION AND CONVERSION OF RESTRICTED SHARE RIGHTS

7 September 2022
Redemption and Conversion of Restricted Share Rights

This notice is given under NZX Listing Rules 3.13.1 and 3.15.2 and relates to the 416,587 ‘Tranche One’ restricted share rights (Tranche One Restricted Share Rights) in SkyCity Entertainment Group Limited (SKC) issued on 7 September 2021 to participating SkyCity employees under the SkyCity Performance Incentive Plan in respect of the financial year ended 30 June 2021 (2021 PIP).

Each Tranche One Restricted Share Right confers a right to receive one ordinary share in SKC, which, unless otherwise agreed by the Board of SKC, will only vest if the relevant employee remains continuously employed by SKC (or a company within the SkyCity Group) from the date of issue until the vesting date on 7 September 2022.

On 7 September 2022, 34,644 Tranche One Restricted Share Rights lapsed and were redeemed by SKC and 381,943 Tranche One Restricted Share Rights vested to eligible participants.

404,815 ‘Tranche Two’ restricted share rights (Tranche Two Restricted Share Rights) in SKC issued on 7 September 2021 to participating SkyCity employees under the 2021 PIP remain on issue.

Authorised by

Jo Wong
Company Secretary

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Announcement PDF