NZX Full Year 2021 Shareholder & NZ RegCo Qrtly Metrics

NZX Limited - Full Year Shareholder Metrics
FY 2021
These shareholder metrics represent the key operations of NZX's business.
Markets
NZX Listed Issuers31/12/2021Change YoYCapital RaisingFY 2021Change YoY
Total equity securities1374.6%Total capital raisings$19,768 m12.1%
Total fund securities48-2.0%
Total debt securities141-0.7%New Capital Listed
Total wholesale debt securities8-Total capital listed by all issuers$10,749 m79.7%
Total other securities3-25.0%
Total listed securities3370.9%Equity listings$4,619 m848.7%
Fund listings--100.0%
Total NZX Main Board equity issuers1365.4%Retail debt Listings$6,130 m47.7%
Total NZX Main Board fund issuers48-2.0%Wholesale debt listings--100.0%
Total NZX Debt Market retail debt issuers47-7.8%
Total NZX Debt Market wholesale debt issuers2-Secondary Capital Raisings
Total other issuers3-25.0%Total capital raised by all issuers$9,019 m-22.6%
Total unique issuers2092.0%
Total equity raised - NZ issuers$3,495 m-20.9%
Total equity raised - dual or foreign issuer$108 m-94.1%
Market Capitalisation31/12/2021Change YoY% of GDP
Total funds raised - NZ issuers$2,500 m110.7%
Total market capitalisation$234,645 m0.9%68.7%Total funds raised - dual or foreign issuer$448 m-13.5%
Total retail debt raised$1,801 m-42.7%
All equity$182,221 m-1.7%53.3%Total wholesale debt raised$667 m19.8%
All funds$7,999 m28.3%2.3%
All other$17 m-51.3%-Total number of secondary capital raising events3,5539.6%
Total NZX Main Board$190,237 m-0.8%55.7%Equity issuers - capital raised < $10m45211.1%
Equity issuers - capital raised ≥ $10m < $100m37-19.6%
Retail debt$34,692 m1.4%10.2%Equity issuers - capital raised ≥ $100m8-42.9%
Green bonds$3,650 m52.1%1.1%Fund issuers - capital raised3,02010.6%
Wholesale debt$6,066 m39.1%1.8%Retail debt issuers - capital raised35-20.5%
Total NZX Debt Market$44,408 m8.4%13.0%Wholesale debt issuers - capital raised1-
Clearing House / DepositoryFY 2021Change YoY
Cash MarketFY 2021Change YoY
Gross value of cleared trades$52,417 m-2.5%
Total value traded$52,400 m-2.4%Collateral held at period end$26 m-60.7%
Daily average value traded$209 m-2.0%Depository transactions92,1083.6%
On-market value traded$32,548 m-2.2%Assets under custody in depository at period end$6,358 m32.7%
% of value on-market62.1%0.2%
Total trades15,429,73227.4%
DerivativesFY 2021Change YoY
Daily average trades61,47327.9%Futures - total lots traded284,5881.0%
Options - total lots traded21,349-73.0%
Total derivatives lots traded305,937-15.2%
Total Equity TransactionsOpen interest at period end67,73216.2%
Total trades15,382,82427.4%Notional value traded ($USD)$1,913 m29.8%
Value traded $50,525 m-2.9%Options to futures ratio7.5%-73.1%
% of value on-market63.3%0.4%Block trade %0.3%n/a
Average on-market trade size$2,085-23.6%
* Under the SGX-NZX partnership block trades are now represented by SGX Negotiated Large Trades (NLTs)
Energy and Environment Contracts31/12/2021Change YoY
Total Debt TransactionsOperating / Technology contracts185.9%
Total trades46,90825.7%- contracts ≥ $500k p.a.525.0%
Value traded $1,875 m15.8%- contracts < $500k p.a.13-

NZX Indices Performance31/12/2021Change YoYWholesale Data31/12/2021Change YoY
S&P/NZX 50 Index (Gross)13,034-0.4%Terminal numbers - professional6,86710.5%
S&P/NZX 50 Index (Capital)5,328-2.9%Terminal numbers - retail1,820-27.4%
S&P/NZX 50 Portfolio Index8,2851.7%Licences - value ≥ $20k pa5925.5%
S&P/NZX Primary Sector Index14,265-7.8%Licences - value < $20k pa78-6.0%
S&P/NZX NZ Fixed Interest Composite Index122-5.2%
S&P/NZX A-Grade Bond Index5,706-4.4%
Direct Data Products31/12/2021Change YoYDairy Data Subscriptions31/12/2021Change YoY
Proprietary security subscription products309-0.3%Dairy data subscriptions445-6.1%
- products ≥ $3,000 p.a110- - products ≥ $1,500 p.a. 1062.9%
- products < $3,000 p.a.199-0.5% - products < $1,500 p.a. 339-8.6%
Smartshares
31/12/2021Change YoY
Total external funds under management$6,540 m28.8%
Scheme FUM31/12/2021Change YoY
SuperLife Kiwisaver$1,840 m54.4%
SuperLife Workplace Savings$1,458 m7.9%
Smartshares Exchange Traded Funds - External$2,341 m22.3%
Smartshares Exchange Traded Funds - Total (external and internal)$5,886 m32.7%
Other Metrics31/12/2021Change YoY
Units on issue$1,959 m29.1%
Value of stock lent$3,050 m-5.7%
Wealth Technologies
31/12/2021Change YoY
Funds under administration $11,022 m53.2%
Notes
1. All figures are measured at the end of the last trading day of each month unless otherwise stated.
Change refers to the change since the same period last year unless otherwise stated.

2. Equity market capitalisation includes all securities quoted on the NZX Main Board (NZSX).
With an overseas domiciled Issuer, the market capitalisation represents the amount that is held in New Zealand.

3. Market capitalisation for the NZX Debt Market is the total nominal (face) value of all listed securities, excluding New Zealand Government stock.

4. Funds include exchange traded funds, managed funds, listed investment companies and trusts.

5. "Other" securities include rights, warrants and options quoted on the NZX Main Board (NZSX).

6. Please note these operational statistics are based on NZX’s internal records, which are unaudited.
Differences may arise between this data and that disclosed in subsequent audited financial statements.
Differences may also arise between this data and the previously reported data due to rounding and classification restatements.

To enquire about information listed on this sheet, or to find out more about NZX products or services, please email: data@nzx.com

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NZ RegCo – Quarterly Regulation Metrics
Q4 2021
These Regulation Metrics represent the key features of NZ RegCo’s activities in regulating NZX’s
markets. The metrics focus on key activities so as to provide transparency and a means of comparison
across periods.
ISSUERS – KEY METRICS
Q4 2020 Q4 2021
Total announcements released
4,953 5,307
Trading halts at request of Issuer or NZ RegCo¹
18 15
Documents approved and waivers² granted to Issuers
22 27
Complaints received concerning Issuers
0 1
Price enquiries concerning Issuers
3 1
Investigations³ begun in relation to Issuers
22 3
Investigations ongoing at the end of the quarter/period in relation to Issuers
11 4
PARTICIPANTS – KEY METRICS
Waivers², Exemptions and Rulings granted to Participants
7 16
Inspections commenced
3 2
Complaints received concerning Participants
0 0
Investigations³ begun in relation to Participants
21 9
Investigations ongoing at the end of the quarter/period in relation to
Participants
14 2
NOTES
The metrics are derived from NZX’s internal records.
1. Trading halts imposed routinely, for example on release of price-sensitive information or in the
context of corporate actions are excluded.
2. Details of waivers granted by NZX are released to the Market, and available on https://nzx.com/ and
through i-search except where the decisions are confidential.
3. NZX will commence an investigation when it identifies a possible breach of rules.

NZX Limited – Quarterly Policy Update
Q4 2021
This section outlines the key NZX rules and policy activity over the preceding quarter.
NZX RULES AND POLICY
Corporate Governance Code 2021 Review
NZX’s consultation on certain settings within the NZX Corporate Governance Code concluded at the end of January
2022. There has been good engagement in relation to this review, and NZX has received a number of submissions
from issuers, investors, industry groups and law firms. NZX will be engaging with those who expressed an interest in
making a verbal submission in the coming weeks. NZX would like to thank those who have provided submissions,
which NZX will be considering over the coming months.
NZMDT Rules review – consultation open
In November 2021, NZX commenced consultation on proposed amendments to the NZ Markets Disciplinary Tribunal
(NZMDT) Rules. These amendments are designed to ensure that the NZMDT Rules remain fit for purpose by
providing appropriate support to the regulatory and enforcement outcomes sought by NZ RegCo as a market
regulator. The consultation contains proposals to the following areas of the NZMDT Rules:
•Membership of the Tribunal (Membership Proposal);
•the Tribunal appeals' provisions (Appeals Proposal); and
•the Tribunal penalties assessment process and framework (Penalties Regime Proposal).
The ful l consultation document i s available on our website here. We invite interested parties t o provide their views on
the proposed amendments by emailing a written submission t o policy@nzx.com before 25 February, 2022.
NZX Participant Rule
amendments: Mid-Point Order Book
NZX received strong feedback in relation to its second round of consultation in relation to the proposed settings for
the Mid-Point Order Book that closed in October 2021, with most submitters supporting the introduction of the Mid-
Point Order Book but strongly opposing the proposed volume/time priority setting. NZX is
therefore redesigning
the settings for the Mid-Point Order Book on the basis of time priority.
Debt instrument conventions protocol
In June 2021, NZX consulted on a suite of proposals relating to the treatment of debt instruments that are designed
to provide greater clarity to the market and standardise the treatment of certain types of debt instrument. NZX has
now considered the feedback received through the consultation process, and has published a suite of conventions
relating to the quotation of debt instruments which are available here.
Listing Rules ‘Hygiene Review’
NZX has now completed its review of the feedback received through its consultation in relation to hygiene
amendments to the NZX Listing Rules. NZX will be submitting its application to the FMA for the approval of these
amendments in February 2022.