REDEMPTION AND CONVERSION OF RESTRICTED SHARE RIGHTS
SECISSUE
Thu, Sep 07 2023 04:33 pm
7 September 2023
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 404,815 ‘Tranche Two’ restricted share rights (Tranche Two 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 Two 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 2023.
On 7 September 2023, 90,333 Tranche Two Restricted Share Rights lapsed and were redeemed by SKC and 314,482 Tranche Two Restricted Share Rights vested to eligible participants.
Authorised by
Jo Wong
Company Secretary
Announcement PDF
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