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NZX advises that it has issued performance rights to the members of its executive and management teams pursuant to NZX’s Long Term Incentive Plan. Under the plan, holders may be issued performance rights. The performance rights give the holder options to acquire ordinary shares in NZX, which may be exercised if the performance rights vest. The vesting period for the performance rights is 1 January 2018 to 31 December 2020.
The attached information is supplied pursuant to Listing Rule 7.12.1.
LTIs are aligned to the delivery of NZX’s strategy to ensure the company is committed to generating long term value for its shareholders. Further information on the LTI plans will be
included in the NZX 2018 Annual Report.
NZX also advises that it has reassessed who are senior managers of NZX for the purposes of the Financial Markets Conduct Act 2013 (FMCA) and that going forward NZX will treat its Chief Executive Officer, Chief Financial Officer and General Counsel as senior managers. The persons holding these positions will disclose relevant interests and dealings in relevant interests in accordance with section 297 of the FMCA.
