Capital Change Notice

Capital Change Notice




Section 1: Issuer information
Name of issuer General Capital Limited (GCL)
NZX ticker code GEN
Class of financial product Ordinary Shares in GCL
ISIN (If unknown, check on NZX website) NZMYKE0001S9
Currency NZD
Section 2: Capital change details
Number issued/acquired/redeemed 935,039 ordinary shares
Nominal value (if any) $262,653
Issue/acquisition/redemption price per security $0.2809
Nature of the payment (for example, cash or other
consideration)
Shares issued in accordance
with the GCL Staff Share
Scheme pursuant to a loan
provided to staff as well as
shares issued to compensate
a director for fees pursuant to
NZX Listing Rule 2.11.
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)
1

1.03%
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/acquisition/redemption and specific authority
for issue/acquisition/redemption/ (the reason for change must
be identified here)
Issuance of Shares in
accordance with the GCL
Employee Share Scheme as
well as shares issued to
compensate a director for fees
pursuant to NZX Listing Rule
2.11.

Authority for Issue: Board
Resolutions
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.
91,828,852

1
The percentage is to be calculated immediately before the issue, acquisition, redemption or Conversion.

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 Resolutions and
Certificates


Terms or details of the issue, acquisition, or redemption (for
example: restrictions, escrow arrangements)
Shares issued in accordance
with the GCL Staff Share
Scheme and for director fees
in accordance with NZX Listing
Rule 2.11.
Date of issue/acquisition/redemption
2
14 March 2025
Section 3: Authority for this announcement and contact person
Name of person

authorised to make this announcement Brent D. King
Contact person for this announcement Brent D. King
Contact phone number 021 632 660
Contact email address Brent.king@gencap.co.nz
Date of release through MAP

17 March 2025




2
Continuous issuers using this form in reliance on Rule 3.13.2, please indicate the period during which the relevant
issue/acquisition/redemptions were made (for example, 1 January 2019 to 31 January 2019).