AGL Capital Change Notice

NOTIFICATION OF ACQUISITION AND REDEMPTION OF SECURITIES Pursuant to Listing Rule 3.13.1, Accordant Group Limited (NZX:AGL) advises that the following securities issued by AGL under the AGL Group Securities Share Scheme (“Scheme”) have been redeemed:
a) Class of Security: Restricted H-1, K, L, M, N, O and P shares
b) ISIN: NZAWFE0001S8
c) Number redeemed and redemption price:
30,000 H-1 Shares at $1.90
10,000 K Shares at $1.90
15,000 L Shares at $1.90
10,000 M Shares at $1.80
10,000 N Shares at $1.80
10,000 O Shares at $1.50
10,000 P Shares at $1.50
a) Payment terms: Cash
d) Amount Paid up: $Nil
e) Percentage of total class redeemed:
18.8% of H-1 Shares
2.7% of K Shares
3.8% of L Shares
4.5% of M Shares
4.5% of N Shares
4.8% of O Shares
4.8% of P Shares
f) Reason for redemption: Under the rules of the Restricted Share Schemes the Restricted Shares must be either converted or redeemed by 1 January 2025 (H-1), 1 January 2025 (K), 1 January 2026 (L), 1 October 2026 (M), 1 October 2027 (N), 1 October 207 (O) and 1 October 2029 (P) and the holder must be employed by AGL. The holder has resigned from employment at AGL.
g) Terms of redemption: The aggregate redemption price is to be applied by AGL in full repayment of the loan made by AGL to the holder in respect of the Restricted H-1, K, L, M, N, O and P Shares.
h) Total number of securities in class in existence after redemption:
129,800 H-1 Shares at $1.90
354,000 K Shares at $1.90
381,000 L Shares at $1.90
210,000 M Shares at $1.80
210,000 N Shares at $1.80
200,000 O Shares at $1.50
200,000 P Shares at $1.50
i) Shares to be held as Treasury Stock: No
j) Date of redemption: 8 July 2024

---

Announcement PDF