Ongoing Disclosure Notice
26/03/2026 15:14 NZDT, SHINTR3
Ongoing Disclosure Notice
Disclosure of Directors and Senior Managers Relevant Interests
Sections 297(2) and 298(2), Financial Markets Conduct Act 2013
To NZX Limited; and
Name of listed issuer:
NZME Limited (NZX: NZM)
Date this disclosure made: 26-Mar-26
Date of last disclosure: 24-Feb-26
Director or senior manager giving disclosure
Full name(s): Michael Raymond Boggs
Name of listed issuer: NZME Limited
Name of related body corporate (if applicable):
Not applicable
Position held in listed issuer:
Chief Executive Officer
Summary of acquisition or disposal of relevant interest (excluding specified derivatives)
Class of affected quoted financial products:
Ordinary shares in NZME Limited (NZX: NZM)
Nature of the affected relevant interest(s):
Cancellation of performance share rights to receive ordinary shares in NZME Limited subject to a deferral period in accordance with the terms of the NZME 2023 Total Incentive Plan - LTI
For that relevant interest-
Number held in class before acquisition or disposal:
Not applicable as the performance share rights do not constitute a class of financial products.
Number held in class after acquisition or disposal:
Not applicable (as per above).
Current registered holder(s):
Not applicable.
Registered holder(s) once transfers are registered:
Not applicable as a cancellation.
Summary of acquisition or disposal of specified derivatives relevant interest (if applicable)
Type of affected derivative:
Not applicable
Class of underlying financial products:
Not applicable
Details of affected derivative-
The notional value of the derivative (if any) or the notional amount of underlying financial products (if any):
Not applicable
A statement as to whether the derivative is cash settled or physically settled:
Not applicable
Maturity date of the derivative (if any):
Not applicable
Expiry date of the derivative(if any):
Not applicable
The price specified in the terms of the derivative (if any):
Not applicable
Any other details needed to understand how the amount of the consideration payable under the derivative or the value of the derivative is affected by the value of the underlying financial products:
Not applicable
For that derivative,-
Parties to the derivative:
Not applicable
If the director or senior manager is not a party to the derivative, the nature of the relevant interest in the derivative:
Not applicable
Details of transactions giving rise to acquisition or disposal
Total number of transactions to which notice relates:
One
Details of transactions requiring disclosure:
Date of transaction:
26-Mar-26
Nature of transaction:
Cancellation of 395,364 performance share rights to receive ordinary shares in NZME Limited under the NZME 2023 Total Incentive Plan - LTI
Name of any other party or parties to the transaction (if known):
NZME Limited
The consideration, expressed in New Zealand dollars, paid or received for the acquisition or disposal. If the consideration was not in cash and cannot be readily by converted into a cash value, describe the consideration:
Nil
Number of financial products to which the transaction related:
395,364 performance share rights, which would have converted on a one-for-one basis to ordinary shares in NZME Limited if they had vested at the expiry of the deferral period.
If the issuer has a financial products trading policy that prohibits directors or senior managers from trading during any period without written clearance (a closed period) include the following details—
Whether relevant interests were acquired or disposed of during a closed period:
No
Whether prior written clearance was provided to allow the acquisition or disposal to proceed during the closed period:
Not applicable as the cancellation of the performance share rights is not subject to closed period restrictions.
Date of the prior written clearance (if any):
Not applicable
Summary of other relevant interests after acquisition or disposal:
Class of quoted financial products:
Ordinary shares in NZME Limited (NZX: NZM)
Nature of relevant interest:
1. Legal and beneficial interest in ordinary shares in NZME Limited.
2. Beneficial interest in performance share rights to receive ordinary shares in NZME Limited pursuant to the NZME 2024 Total Incentive Plan - LTI.
3. Beneficial interest in performance share rights to receive ordinary shares in NZME Limited pursuant to the NZME 2025 Total Incentive Plan - LTI.
4. Beneficial interest in performance share rights to receive ordinary shares in NZME Limited pursuant to the NZME 2025 Total Incentive Plan - STI.
For that relevant interest,-
Number held in class:
1. 3,146,607
2. 486,367
3. 260,258
4. 149,273
Current registered holder(s):
1. Michael Raymond Boggs
2. Not applicable
3. Not applicable
4. Not applicable
For a derivative relevant interest,-
Type of derivative:
Not applicable
Details of derivative:
The notional value of the derivative (if any) or the notional amount of underlying financial products (if any):
Not applicable
A statement as to whether the derivative is cash settled or physically settled:
Not applicable
Maturity date of the derivative (if any):
Not applicable
Expiry date of the derivative (if any):
Not applicable
The price's specified terms (if any):
Not applicable
Any other details needed to understand how the amount of the consideration payable under the derivative or the value of the derivative is affected by the value of the underlying financial products:
Not applicable
For that derivative relevant interest,-
Parties to the derivative:
Not applicable
If the director or senior manager is not a party to the derivative, the nature of the relevant interest in the derivative:
Not applicable
Certification
I certify that, to the best of my knowledge and belief, the information contained in this disclosure is correct and that I am duly authorised to make this disclosure by all persons for whom it is made.
Signature of director or officer:
Date of signature:
or
Signature of person authorised to sign on behalf of director or officer:
Date of signature:
26-Mar-26
Name and title of authorised person:
Paul Gillick, Senior Legal Counsel