Port of Tauranga senior executives receive shares

Port of Tauranga Limited (POT) has transferred 67,687 ordinary shares from its treasury stock to senior executives at a $0 exercise price. This action is a result of the 2022/2023 long term incentive (LTI) scheme, following the vesting of performance share rights (PSRs) allocated to them. This transfer represents 0.01% of the total class of financial products in existence, excluding treasury stock.

After this transaction, the total number of ordinary shares (excluding treasury stock) stands at 680,335,602, with 245,628 ordinary shares held as treasury stock. Following the exercise of the 2022/2023 PSRs, there are no PSRs of the same class remaining, with 74,154 PSRs having lapsed and 110,961 PSRs having been exercised.

The transfer was authorized by board and directors' resolutions, consistent with listing rules. The initial PSRs were issued on September 30, 2022, and the shares were issued net of tax on September 15, 2025.