Capital Change Notice

Capital Change Notice



Section 1: Issuer information
Name of issuer General Capital Limited
NZX ticker code GEN
Class of financial product Ordinary Shares
ISIN (If unknown, check on NZX website) NZMYKE0001S9
Currency NZ$
Section 2: Capital change details
Number issued 8,333,333
Nominal value (if any) Not applicable
Issue price per security $0.0600
Nature of the payment (for example, cash or other
consideration)
Cash
Amount paid up (if not in full) Paid in full
Percentage of total class of Financial Products issued
(calculated on the number of Financial Products of the Class,
excluding any Treasury Stock, in existence)
5.116%
For an issue of Convertible Financial Products or Options, the
principal terms of Conversion (for example the Conversion
price and Conversion date and the ranking of the Financial
Product in relation to other Classes of Financial Product) or the
Option (for example, the exercise price and exercise date)
N/A
Reason for issue and specific authority for issue (the reason
for change must be identified here)
Issue of ordinary shares to
Borneo Capital Limited.

The share issue was
authorised by Directors
resolutions dated 27
September 2021 in
accordance with the
shareholders resolution
passed at the adjourned
annual meeting on 3
September 2021 for the
purposes of NZX rule 4.1.1
and rule 7(d) of the takeovers
code.
Total number of Financial Products of the Class after the issue
(excluding Treasury Stock) and the total number of Financial
Products of the Class held as Treasury Stock after the issue.
171,207,112
In the case of an acquisition of shares, whether those shares
are to be held as treasury stock
N/A
Specific authority for the issue, including a reference to the
rule pursuant to which the issue, acquisition, or redemption is
made
The share issue was
authorised by Directors
resolutions dated 27
September 2021 in

accordance with the
shareholders resolution
passed at the adjourned
annual meeting on 3
September 2021 for the
purposes of NZX rule 4.1.1
and rule 7(d) of the takeovers
code.
Terms or details of the issue (for example: restrictions, escrow
arrangements)
New ordinary shares which
rank equally with all other fully
paid ordinary shares
Date of issue 27/09/2021
Section 3: Authority for this announcement and contact person
Name of person

authorised to make this announcement Jonathan Clark
Contact person for this announcement Brent King
Contact phone number +64 21 632 660
Contact email address Brent.King@gencap.co.nz
Date of release through MAP 28/09/2021