REDEMPTION AND CONVERSION OF RESTRICTED SHARE RIGHTS

Capital Change Notice



1 July 2020

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 1,898,564
restricted share rights (Restricted Share Rights) in SkyCity Entertainment Group Limited (SKC)
issued on 11 September 2018 to participating SkyCity employees under the SkyCity Restricted
Share Rights Plan in respect of the financial year ended 30 June 2018.
Each 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 1 July 2020.
On 1 July 2020, 70,861 Restricted Share Rights lapsed and were redeemed by SKC and
1,827,703 Restricted Share Rights vested to eligible participants.


NZX Listing Rule 3.13.1 –Section 1: Issuer Information
Name of issuer SkyCity Entertainment Group Limited
NZX ticker code SKC
Class of financial product Restricted Share Rights
ISIN Not quoted
NZX Listing Rule 3.13.1 - Section 2: Capital Change Details
Number redeemed and converted Of the 1,898,564 Restricted Share
Rights issued on 11 September 2018:
- 70,861 Restricted Share Rights have
lapsed and been redeemed by SKC
- 1,827,703 Restricted Share Rights
have vested, resulting in the transfer
of 1,827,703 ordinary shares in SKC
to eligible participants from a
corporate trustee who acquires and
holds ordinary shares on behalf of
eligible and future participants
pursuant to SKC’s employee
incentive plans. No new ordinary
shares have been issued
Redemption/conversion price per security Nil
Percentage of total class of Financial Products
redeemed/converted
3.73% redeemed
96.27% vested/converted
Reason for redemption/conversion and specific
authority for redemption/conversion
Vesting/conversion and redemption of
Restricted Share Rights pursuant to the
terms of the SkyCity Restricted Share
Rights Plan

Total number of Financial Products of the Class after
the redemption/conversion
Nil
Other restricted share rights in SKC with
different vesting conditions remain on
issue - the details of which have been
disclosed at the time of their issuance
Specific authority for the redemption/conversion,
including a reference to the rule pursuant to which
the redemption/conversion is made
Authorised by a resolution of the Board
Date of redemption/conversion 01/07/2020
NZX Listing Rule 3.15.2 – Additional Details for Conversion of Financial Products into
Quoted Financial Products
Number of Financial Products converted and the
number and class of Quoted Financial Products into
which they have been converted
1,827,703 Restricted Share Rights have
vested, resulting in the transfer of
1,827,703 ordinary shares in SKC to
eligible participants from a corporate
trustee who acquires and holds ordinary
shares on behalf of eligible and future
participants pursuant to SKC’s employee
incentive plans
Interest or dividend conditions attaching to the
Financial Products into which they have been
converted
None
Number of Financial Products of the same class
remaining to be converted
Nil
Other restricted share rights in SKC with
different vesting conditions remain on
issue - the details of which have been
disclosed at the time of their issuance


Section 3: Authority for this Announcement and Contact Person
Name of person authorised to make this
announcement
Jo Wong
General Counsel & Company Secretary
Contact person for this announcement Jo Wong
Contact phone number (09) 363 6143
Contact email address jo.wong@skycity.co.nz
Date of release through MAP 01/07/2020