Winton - Capital Change Notice (ESOP)

Capital Change Notice

Updated as at June 2023


Section 1: Issuer information
Name of issuer Winton Land Limited (Winton)
NZX ticker code WIN
Class of financial product Unquoted share options
(Options) convertible into
Winton ordinary shares
pursuant to Winton’s Share
Option Plan
ISIN (If unknown, check on NZX website) NZWINE0003S1
Currency NZD
Section 2: Capital change details
Number issued/acquired/redeemed 320,298 Options
Nominal value (if any) N/A
Issue/acquisition/redemption price per security Nil
Nature of the payment (for example, cash or other
consideration)
No consideration is payable for
the Options
Amount paid up (if not in full) N/A
Percentage of total class of Financial Products
issued/acquired/redeemed/ (calculated on the number of
Financial Products of the Class, excluding any Treasury Stock,
in existence)
The Options comprise 100% of
the financial products of that
class
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)
The exercise price for the
Options is $3.8870 per Option.
Subject to their continued
employment by Winton or one
of its subsidiaries, option
holders will be able to exercise
the Options for a period of 12
months following the vesting
date for each tranche, being
4 June 2028 in respect of
tranche one, 4 June 2031 in
respect of tranche two and 4
June 2034 in respect of
tranche three.
Reason for issue/acquisition/redemption and specific authority
for issue/acquisition/redemption/ (the reason for change must
be identified here)
Issue of 320,298 Options
under Winton’s Share Option
Plan pursuant to a directors’
resolution dated 17 May 2024
Total number of Financial Products of the Class after the
issue/acquisition/redemption/Conversion (excluding Treasury
Stock) and the total number of Financial Products of the Class
held as Treasury Stock after the issue/acquisition/redemption.
320,298 Options

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, acquisition, or redemption,
including a reference to the rule pursuant to which the issue,
acquisition, or redemption is made
Directors’ resolution dated 17
May 2024 and NZX Listing
Rule 4.6.1
Terms or details of the issue, acquisition, or redemption (for
example: restrictions, escrow arrangements)
The Options do not entitle the
holder to receive dividends or
other distributions or vote in
respect of Winton’s ordinary
shares.
Date of issue/acquisition/redemption 4 June 2024
Section 3: Authority for this announcement and contact person
Name of person

authorised to make this announcement Justine Hollows
Contact person for this announcement Justine Hollows
Contact phone number +64 27 836 1875
Contact email address Justine.Hollows@winton.nz
Date of release through MAP

5 June 2024