CHANGES TO TERMS OF PERFORMANCE RIGHTS

FOLLOWING APPROVAL AT 2018 AGM

30 November 2018

Following approval of the Performance Rights Adjustments at the AGM held on 23 November 2018, the following table details the Revised number and Performance Hurdles for the current Performance Rights on issue to Directors:

Number of Performance

Rights

Tranche

Revised Performance Hurdle

Revised Shares issued upon vesting

3,333,331

Tranche 1 Performance Rights

The 10 day VWAP of the Company's Shares exceeds 7.6 cents per share on 10 May 2019.

6,021,501

3,333,334

Tranche 2 Performance Rights

The 10 day VWAP of the Company's Shares exceeds 9.7 cents per share on 10 November 2019.

6,021,507

3,333,335

Tranche 3 Performance Rights

The 10 day VWAP of the Company's Shares exceeds 11.8 cents per share on 10 November 2020.

6,021,508

-ENDS-

Contact:

Mr Sam Middlemas

Chief Executive Officer/Company Secretary

Ph: +61 8 9200 8200

Mob: 0419 936 040

ABN 72 119 699 982 Suite 10, 295 Rokeby Road, SUBIACO WA 6008 Phone:+61 8 9200 8200 Fax: +61 8 9200 8299www.bauxitersources.com.au

Attachments

  • Original document
  • Permalink

Disclaimer

Bauxite Resources Limited published this content on 30 November 2018 and is solely responsible for the information contained herein. Distributed by Public, unedited and unaltered, on 30 November 2018 00:56:01 UTC