Notification of Issue of Securities

Notification of Issue of Securities

NZX Announcement Immediate — 24/05/2016

For the purposes of Listing Rule 7.12.1 of the NZX Main Board Listing Rules, Stride Property Limited (“Issuer”) advises the following securities have been issued pursuant to the Issuer’s Share Purchase Plan:

a)Class of security:Ordinary Shares
ISIN:NZDNZE0001S9
b)Number issued:97,298
c)Issue Price:nil
d)Payment in cash:n/a
e)Amount paid up:In full
f)Percentage of total class issued:0.03% of the total shares on issue immediately prior to the issue of the new shares.
g)Reason for issue:Issue of 97,298 ordinary shares under the Issuer’s Long Term Incentive Scheme.
h)Authority for issue:Board resolution dated 2 July 2015.
i)Terms of issue:The shares will rank equally in all respects with existing ordinary shares of the Issuer at the date on which they are issued.
j)Total number of securities after issue:364,456,209
k)Treasury stock:n/a
l)Date of issue:23 May 2016

 


 
For Further Information Please Contact:
Tim Storey, Chairman, Stride Property Limited
Mobile: 021 633 089 – Email: tim.storey@strideproperty.co.nz

Peter Alexander, Chief Executive, Stride Property Limited
DDI: 09 913 1154 – Mobile: 0275 443 678 – Email: peter.alexander@strideproperty.co.nz

Jennifer Whooley, Chief Financial Officer, Stride Property Limited
DDI: 09 913 1150 – Mobile: 021 536 406 – Email: jennifer.whooley@strideproperty.co.nz

Stride Overview:
Stride Property Limited (‘Stride’), formerly known as DNZ Property Fund Limited, owns one of New Zealand’s largest diversified investment property portfolios with $1,274.8 million as at 31 March 2016 (subject to final audit) of commercial office, retail and industrial properties located in the main urban areas throughout New Zealand.

Stride Property Limited – FY16 Annual Results
Stride Portfolio Net Value Increase of $60 million or 5.2% and Fourth Quarter FY16 Update