Altech Chemicals : Notification regarding unquoted securities - ATC

Notification of Issue, Conversion or Payment up of Unquoted Equity Securities

Announcement Summary

For personal use only

Entity name

ALTECH CHEMICALS LTD

Date of this announcement

Friday February 04, 2022

The +securities the subject of this notification are:

+Other securities issued under an +employee incentive scheme that are not intended to be quoted on ASX

Total number of +securities to be issued/transferred

		Total number of
ASX +security		+securities to be
code	Security description	issued/transferred	Issue date
New class - code	Employee Performance Rights	5,750,000	01/02/2022
to be confirmed

Refer to next page for full details of the announcement

Notification of Issue, Conversion or Payment up of Unquoted

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Notification of Issue, Conversion or Payment up of Unquoted Equity Securities

Part 1 - Entity and announcement details

For personal use only

1.1 Name of entity

ALTECH CHEMICALS LTD

We (the entity named above) give notice of the issue, conversion or payment up of the following unquoted +securities.

1.2	Registered number type	Registration number
ABN	45125301206
1.3	ASX issuer code
ATC

1. The announcement is New announcement
2. Date of this announcement

4/2/2022

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Notification of Issue, Conversion or Payment up of Unquoted Equity Securities

Part 2 - Issue details

2.1 The +securities the subject of this notification are:

+Other securities issued under an +employee incentive scheme that are not intended to be quoted on ASX

For personal use only

2.2a This notification is given in relation to an issue of +securities in a class which is not quoted on ASX and which:

does not have an existing ASX security code ("new class")

Notification of Issue, Conversion or Payment up of Unquoted

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Notification of Issue, Conversion or Payment up of Unquoted Equity Securities

Part 3C - number and type of +securities the subject of this notification (new class) where issue has not previously been notified to ASX in an Appendix 3B

use only

ASX +security code		+Security description
New class - code to be confirmed		Employee Performance Rights
+Security type		ISIN code
Other

Date the +securities the subject of this notification were issued

1/2/2022

Will all the +securities issued in this class rank equally in all respects from their issue date? Yes

Were any of the +securities issued to +key management personnel (KMP) or an +associate? Yes

personal

Provide details of the KMP or +associates being issued +securities.

Name of KMP		Name of registered holder
Shane Raymond Volk		Shane Raymond Volk
Martin Stein		Martin Stein

Number of +securities

1,000,000

1,000,000

For

Please provide a URL link for a document lodged with ASX setting out the material terms of the +securities being issued.

https://www.altechchemicals.com/sites/altechchemicals.com/files/asx-announcements/61057900.pdf

Please provide a URL link for a document lodged with ASX detailing the terms of the +employee incentive scheme or a summary of the terms

https://www.altechchemicals.com/sites/altechchemicals.com/files/asx-announcements/61057900.pdf

Any other information the entity wishes to provide about the +securities the subject of this notification

Vesting Conditions of the Performance Rights

50% of the Performance Rights will vest upon successful funding of the HPA project and the first anniversary date of the issue of the Performance Rights; and

50% of the Performance Rights will vest upon sale of the first tonne of HPA product, and confirmation that the plant is operating at a steady state of production (plant is stable and producing at a constant rate), and the third anniversary date of the issue of the Performance Rights.

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Notification of Issue, Conversion or Payment up of Unquoted Equity Securities

Issue details

Number of +securities

5,750,000

For personal use only

Notification of Issue, Conversion or Payment up of Unquoted

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