We (the entity) give ASX the following information.
Part 1 - All issues
You must complete the relevant sections (attach sheets if there is not enough space).
1+Class of+securities issued or to be issued
2 Number of+securities issued or to be issued (if known) or maximum number which may be issued
(a) Fully paid ordinary shares (Shares)
(b) Unlisted 2017 STI performance rights (2017
(a) 1,218,627 Shares
(b) 437,928 2017 STI Rights
3 Principal terms of the+securities (e.g. if options, exercise price and expiry date; if partly paid+securities, the amount outstanding and due dates for payment; if+convertible securities, the conversion price and dates for conversion)
(a) Fully paid ordinary shares
(b) 218,962 of the 2017 STI Rights vest on 1 July 2019; and 218,966 of the 2017 STI Rights vest on 1 July 2020, subject to the holder of the rights remaining employed with Beach Energy Limited on the vesting dates.
+ See chapter 19 for defined terms.
Appendix 3B Page 1
4 Do the+securities rank equally in all respects from the+issue date with an existing+class of quoted+securities?
If the additional+securities do not rank equally, please state:
the date from which they do
the extent to which they participate for the next dividend, (in the case of a trust, distribution) or interest payment
the extent to which they do not rank equally, other than in relation to the next dividend, distribution or interest payment
5 Issue price or consideration
6 Purpose of the issue
(If issued as consideration for the acquisition of assets, clearly identify those assets)
6a Is the entity an+eligible entity that has obtained security holder approval under rule 7.1A?
If Yes, complete sections 6b-6h
in relation to the+securities the
subject of this Appendix 3B, and
comply with section 6i
6b The date the security holder resolution under rule 7.1A was passed
(a) Issued upon vesting of unlisted performance rights issued on 1 December 2015 and 19 May 2016 pursuant to the Beach Energy Limited Executive Incentive Plan for the 2015 Long Term Incentive offer following achievement of the performance conditions.
(b) Unlisted performance rights issued pursuant to the Beach Energy Limited Executive Incentive Plan for the 2017 Short Term Incentive offer.
Not applicableNot applicable
6c Number of+securities issued without security holder approval under rule 7.1
6d Number of+securities issued with security holder approval under rule 7.1A
6e Number of+securities issued with security holder approval under rule 7.3, or another specific security holder approval (specify date of meeting)
6f Number of+securities issued under an exception in rule 7.2
6g If+securities issued under rule 7.1A, was issue price at least 75% of 15 day VWAP as calculated under rule 7.1A.3? Include the+issue date and both values. Include the source of the VWAP calculation.
6h If+securities were issued under rule 7.1A for non-cash consideration, state date on which valuation of consideration was released to ASX Market Announcements
6iCalculate the entity's remainingissue capacity under rule 7.1 and rule 7.1A-complete Annexure 1 and release to ASX Market Announcements
Note: The issue date may be prescribed by ASX (refer to the definition of issue date in rule 19.12). For example, the issue date for a pro rata entitlement issue must comply with the applicable timetable in Appendix 7A.
Cross reference: item 33 of Appendix 3B.
8 Number and+class of all+securities quoted on ASX (includingthe+securities in section 2 if applicable)
6 December 2018
9 Number and+class of all
+securities not quoted on ASX
section 2 if applicable)
2016 Rights 1,879,849
2016 STI Rights 460,262
2017 LTI Rights 2,604,904
2017 STI Rights 437,928
Unlisted rights Unlisted rights Unlisted rights Unlisted rights
10 Dividend policy (in the case of a trust, distribution policy) on the increased capital (interests)
Part 2 - Pro rata issue
11 Is security required?
12 Is the issue renounceable or non-renounceable?
13 Ratio in which the+securities will be offered
14+Class of+securities to which the offer relates
15+Record date entitlementstodetermine
16 Will holdings on different registers (or subregisters) be aggregated for calculating entitlements?
17 Policy for deciding entitlements in relation to fractions
18 Names of countries in which the entity has security holders who will not be sent new offer documents
Note: Security holders must be told how their
entitlements are to be dealt with.
Cross reference: rule 7.7.
New issue announcement
19 Closing date for receipt acceptances or renunciations
20 Names of any underwritersof
21 Amount of any underwriting fee or commission
22 Names of any brokers to the issue
23 Fee or commission payable to the broker to the issue
24 Amount of any handling fee payable to brokers who lodge acceptances or renunciations on behalf of security holders
25 If the issue is contingent onsecurity holders' approval, thedate of the meeting
26 Date entitlement and acceptance form and offer documents will be sent to persons entitled
27 If the entity has issued options, and the terms entitle option holders to participate on exercise, the date on which notices will be sent to option holders
28 Date rights trading will begin (if applicable)
29 Date rights trading will end (if applicable)
30 How do security holders sell their entitlementsin fullthrough a broker?
31 How do security holders sellpartof their entitlements through a broker and accept for the balance?
Beach Energy Limited published this content on 07 December 2018 and is solely responsible for the information contained herein. Distributed by Public, unedited and unaltered, on 07 December 2018 08:56:06 UTC