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Argosy Property Limited Capital/Financing Update 2020

Jul 2, 2020

66156_rns_2020-07-02_c3972827-9986-43cf-a133-909d797e29c3.pdf

Capital/Financing Update

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2 July 2020

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MARKET RELEASE

Performance Share Rights granted under Long Term Incentive Scheme

In connection with a grant of Performance Share Rights under the Company’s Long Term Incentive Scheme, the Company advises the following details for the purposes of NZX Listing Rule 3.13.1:

(a)	Class of security	Unlisted performance share rights (“PSRs”)
	ISIN	N/A
(b)	Number issued	444,849 PSRs
(c)	Nominal value /	N/A
	Issue price	No consideration is payable for the grant of PSRs
(d)	Payment terms	N/A
(e)	Amount paid up	N/A
(f)	Principal terms of the	The PSRs are subject to a vesting period of 3 years.
	Securities (other than	Vesting is subject to certain performance hurdles.
	for Quoted Securities)	The number which actually vest will be dependent
		on the relative ranking of Argosy’s total shareholder
		returns against a comparator group of listed entities
		determined by the Board from the NZX Property
		Index.
(g)	Percentage of total	66.10 % of the unexpired PSRs previously issued
	class of securities
	issued
(h)	Reason for issue	To incentivise senior executives
(i)	Authority for issue	Directors’ resolution dated 30 June 2020
(j)	Terms or details of	The PSRs will be issued on the terms of Argosy’s
	issue	long term incentive scheme plan in the form
		approved by the Board
(k)	Total number of	1,117,874 PSRs. The PSRs are not quoted on NZX.
	securities in existence
	after the issue
(l)	Treasury stock	Not applicable
(m)	Date of grant	1 April 2020 (effective date)

– ENDS –

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Argosy Property Limited — Capital/Financing Update 2020

66156_rns_2020-07-02_c3972827-9986-43cf-a133-909d797e29c3.pdf

MARKET RELEASE

Performance Share Rights granted under Long Term Incentive Scheme

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Argosy Property Limited Capital/Financing Update 2020