Plexure Group Issues Options and Restricted Share Units

Plexure Group Limited (PX1) are today issuing 3,819,699 Restricted Share Units (RSUs) and 4,805,884 share options to senior managers and staff. The RSUs are issued to senior managers and staff and will vest in equal tranches on 1 October 2022, 2023 and 2024, if performance incentive targets are met and participants remain employed by the company. Participants will not be required to pay a cash amount on exercise as the RSUs are in recognition of meeting performance incentives. The share options are issued under the company's Employee Share Option Scheme (ESOS), the rules of which have been modified to allow participants to elect a cashlesss exercise upon vesting. Options vest in three equal tranches on the 12, 24 and 36 month anniversary of the grant date and upon exercise participants can elect to pay the exercise price of 23.23 cents per share or the cashless exercise as set out in the scheme rules. The exercise price of 23.23 cents per share, being a 50% discount on the 20-day volume weighted average price (VWAP) as at 1 December 2021 of 46.47 cents per share. Following the issue of the RSUs and Options the total number of shares, live options, deferred share rights and RSUs is: Ordinary Shares 353,079,047 Options 5,764,528 Deferred Share Rights 20,090,846 Restricted Share Units 3,819,699 Copies of the RSU Scheme Rules and the modified ESOS Rules will be loaded on Plexure's website at www.plexure.com/investors/#policies For more information please contact: Andre Gaylard Chief Financial Officer Mobile: +64 21 288 3355 Email: andre.gaylard@plexure.com End CA:00385214 For:PX1 Type:SECISSUE Time:2021-12-22 11:38:59