Redemption and Conversion of Restricted Share Rights

Capital Change Notice

23 September 2024

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 87,540 ‘Tranche Two’ restricted share rights (Tranche Two Restricted Share Rights) in SkyCity Entertainment Group Limited (SKC) issued on 21 September 2022 to participating New Zealand and Australian SkyCity employees under the SkyCity Performance Incentive Plan in respect of the financial year ended 30 June 2022 (2022 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 23 September 2024.

On 23 September 2024, 19,006 Tranche Two Restricted Share Rights lapsed and were redeemed by SKC and 68,534 Tranche Two Restricted Share Rights vested to eligible participants.

There are no further restricted share rights remaining on issue under the 2022 PIP.

This announcement has been authorised for release by:
Jo Wong, General Counsel & Company Secretary

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Announcement PDF