Rakon Limited: Notice of allotment of shares

Rakon Limited (RAK) | 3:29 pm, Friday 10 October 2008

RAK
1.380
-0.070
(-4.83%)
Market Announcement
Type:ALLOT

10 October 2008

Listed Company Relations
New Zealand Exchange Limited
Wellington

NOTIFICATION OF ALLOTMENT OF SECURITIES

For the purposes of Listing Rule 7.12.1, Rakon Limited, hereby advises the exercise of share options in Rakon Limited under the Rakon Employee Share Option Scheme:

a. Class of security Rakon Limited Ordinary Shares.
ISIN NZRAKE0001S8
b. Number issued 9,929
c. Nominal Value & Issue Price $1.60 per share.
d. Payment terms Paid in full
e. Amount paid up (if not in full) Not applicable
f. Percentage of class of securities 0%
g. Reason for issue Exercise of options issued on 5 May 2006
h. Authority for issue Employee Share Option Scheme & Resolution
of directors of Rakon Limited.
i. Terms of issue In accordance with the Employee Share Option Scheme. There are no unusual terms of issue.
j. No. of securities in existence after issue 127,931,302 Rakon Limited Ordinary Shares.

k. Treasury stock There is no Treasury Stock.
l. Date of Issue 10 October 2008


For the purposes of Listing Rule 7.12.9, Rakon Limited hereby advises the exercise of share options in Rakon Limited under the Rakon Employee Share Option Scheme:
a. Number of Securities Converted and 9,929 Share options exercised, 9,929
the number and Class of Securities into ordinary shares issued.
which they have been Converted

b. Details of any interest or dividend None
conditions attaching to the Securities
Converted, and allotted upon Conversion

c. Number of Securities of the same class 3,467,526
that remains to be converted.


Graham Leaming
Chief Financial Officer

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