Stride Property Group – Issue of Shares Pursuant to Employee Incentive Schemes and Issue of Rights

Stride Property Group – Issue of Shares Pursuant to Employee Incentive Schemes and Issue of Rights

NZX Announcement Immediate — 27 April 2021

 

Stride Property Group – Issue of Shares Pursuant to Employee Incentive Schemes and Issue of Rights

 

Stride Investment Management Limited (SIML) advises that it has today:

(a) issued 406,710 shares to executives of SIML pursuant to employee share incentive schemes operated by SIML;

(b) issued 663,993 rights to executives of SIML pursuant to the executive long term incentive scheme for FY22 (the period 1 April 2021 to 31 March 2024); and

(c) issued 284,642 rights to executives and other employees of SIML as part of the FY21 short term incentive compensation for these employees in connection with their exceptional performance during FY21. These rights vest on 31 March 2023, if the relevant employee remains employed by SIML at that time.

 
Attached are capital change notices related to the grant of shares and grant of rights pursuant to Listing Rule 3.13.1.

 
 

End

 


 
For further information please contact:
Tim Storey, Chairman, Stride Investment Management Limited / Stride Property Limited
Mobile: 021 633 089 – Email: tim.storey@strideproperty.co.nz

Philip Littlewood, Chief Executive Officer, Stride Investment Management Limited
Mobile: 021 230 3026 – Email: philip.littlewood@strideproperty.co.nz

Jennifer Whooley, Chief Financial Officer, Stride Investment Management Limited
Mobile: 021 536 406 – Email: jennifer.whooley@strideproperty.co.nz

Louise Hill, General Manager Corporate Services, Stride Investment Management Limited
Mobile: 0275 580 033 – Email: louise.hill@strideproperty.co.nz

A Stapled Security of the Stride Property Group comprises one ordinary share in Stride Property Limited and one ordinary share in Stride Investment Management Limited. Under the terms of the constitution of each company, the shares in each can only be transferred if accompanied by a transfer of the same number of shares in the other.

Stapled Securities are quoted on the NZX Main Board under the ticker code SPG. Further information is available at www.strideproperty.co.nz or at www.nzx.com/companies/SPG.

Stride Property Group - Update on Distributable Profit for FY21