Issue of Employee Shares and Rights

louise.hill@strideproperty.co.nz

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Template
Capital Change Notice

Updated as at 17 October 2019



Section 1: Issuer information
Name of issuer Stride Property Group
NZX ticker code SPG
Class of financial product A stapled security comprising
one ordinary share in Stride
Property Limited (SPL) and one
ordinary share in Stride
Investment Management
Limited (SIML), stapled so that
they may only be dealt with as a
single equity security (a
Stapled Security).
ISIN (If unknown, check on NZX website) NZSPGE0001S2
Currency NZD
Section 2: Capital change details
Number issued/acquired/redeemed
423,098 new Stapled Securities
Nominal value (if any) N/A
Issue/acquisition/redemption price per security Nil
Nature of the payment (for example, cash or other
consideration)
N/A
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

0.076%
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)
Issue of new Stapled Securities
pursuant to employee incentive
share scheme entitlements.
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.
559,462,036 Stapled Securities
In the case of an acquisition of shares, whether those shares
are to be held as treasury stock
N/A

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

Specific authority for the issue, acquisition, or redemption,
including a reference to the rule pursuant to which the issue,
acquisition, or redemption is made
Board Resolution dated 10 April
2025
Terms or details of the issue, acquisition, or redemption (for
example: restrictions, escrow arrangements)
As set out in an award of rights
to employees dated 12 April
2022 and 12 April 2023
Date of issue/acquisition/redemption
2
16/04/2025
Section 3: Authority for this announcement and contact person
Name of person

authorised to make this announcement Louise Hill
Contact person for this announcement Louise Hill
Contact phone number 0275580033
Contact email address Louise.hill@strideproperty.co.nz
Date of release through MAP

16/04/2025




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).

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Template
Capital Change Notice

Updated as at 17 October 2019



Section 1: Issuer information
Name of issuer Stride Property Group
NZX ticker code SPG
Class of financial product Rights to Ordinary Shares in
each of Stride Investment
Management Limited and Stride
Property Limited
ISIN (If unknown, check on NZX website) N/A
Currency N/A
Section 2: Capital change details
Number issued/acquired/redeemed 2,740,061
Nominal value (if any) N/A
Issue/acquisition/redemption price per security N/A
Nature of the payment (for example, cash or other
consideration)
N/A
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

107.1% of total Rights on issue
immediately before the issue
(following the vesting and lapse
of FY23 LTI Scheme Rights and
vesting of FY23 STI Scheme
Rights and forfeiture of Rights).
If all Rights issued pursuant to
this notice were converted to
shares in Stride Investment
Management Limited and Stride
Property Limited (if all
conditions to the issue of the
shares were met), such shares
would represent 0.49% of the
total shares on issue
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)
Rights issued pursuant to the
long term incentive plan for
SIML, the FY25 short term
incentive for SIML, and in
connection with FY26
remuneration

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

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.
5,297,912
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
Board resolution dated 10 April
2025
Terms or details of the issue, acquisition, or redemption (for
example: restrictions, escrow arrangements)
Long term incentive Rights are
issued in accordance with the
SIML long term incentive plan
and will vest and convert into
Ordinary Shares, subject to the
conditions set out in the long
term incentive plan rules being
met.
The Rights issued in connection
with the FY25 short term
incentive plan are issued in
accordance with the Grant
Letters provided to the holders.
For the FY25 short term
incentive rights to vest and
convert into Ordinary Shares,
the holder must continue to be
employed on 31 March 2027.
The Rights issued in connection
with the FY26 remuneration
grant are issued in accordance
with the letters provided to the
holders. For the FY26
remuneration rights to vest and
convert into Ordinary Shares,
the holder must continue to be
employed on 31 March 2027.
Date of issue/acquisition/redemption
2
16/04/2025
Section 3: Authority for this announcement and contact person
Name of person

authorised to make this announcement Louise Hill
Contact person for this announcement Louise Hill
Contact phone number 0275580033
Contact email address Louise.hill@strideproperty.co.nz
Date of release through MAP

16/04/2025


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).