+Rule 3.10.3A, 3.10.3B, 3.10.3C
Appendix 3G
Notification of issue, conversion or payment up of equity
+securities
Information or documents not available now must be given to ASX as soon as available. Information and documents given to ASX become ASX's property and may be made public.
If you are an entity incorporated outside Australia and you are issuing a new class of +securities other than CDIs, you will need to obtain and provide an International Securities Identification Number (ISIN) for that class. Further information on the requirement for the notification of an ISIN is available from the Create Online Forms page. ASX is unable to create the new ISIN for non-Australian issuers.
*Denotes minimum information required for first lodgement of this form, with exceptions provided in specific notes for certain questions. The balance of the information, where applicable, must be provided as soon as reasonably practicable by the entity.
Part 1 - Entity and announcement details
Question | Question | Answer |
no | ||
1.1 | *Name of entity | Webcentral Group Limited |
We (the entity here named) give notice of the issue, | ||
conversion or payment up of the following unquoted | ||
+securities. | ||
1.2 | *Registration type and number | ACN: 073 716 793 |
Please supply your ABN, ARSN, ARBN, ACN or | ||
another registration type and number (if you supply | ||
another registration type, please specify both the type | ||
of registration and the registration number). | ||
1.3 | *ASX issuer code | WCG |
1.4 | *This announcement is | ☒A new announcement |
Tick whichever is applicable. | ☐An update/amendment to a previous | |
announcement | ||
☐A cancellation of a previous | ||
announcement | ||
1.4a | *Reason for update | N/A |
Mandatory only if "Update" ticked in Q1.4 above. A | ||
reason must be provided for an update. | ||
1.4b | *Date of previous announcement to this | N/A |
update | ||
Mandatory only if "Update" ticked in Q1.4 above. | ||
1.4c | *Reason for cancellation | N/A |
Mandatory only if "Cancellation" ticked in Q1.4 above. | ||
1.4d | *Date of previous announcement to this | N/A |
cancellation | ||
Mandatory only if "Cancellation" ticked in Q1.4 above. | ||
1.5 | *Date of this announcement | 6 January 2021 |
+ See chapter 19 for defined terms | |
31 January 2020 | Page 1 |
6652717_1
Appendix 3G | ||||
Notification of issue, conversion or | ||||
payment up of equity +securities | ||||
Part 2 - Type of issue | ||||
Question | Question | Answer | ||
No. | ||||
2.1 | *The +securities the subject of this | ☐+Securities issued as a result of options | ||
notification are: | being exercised or other +convertible | |||
Select whichever item is applicable. | +securities being converted and that are | |||
If you wish to notify ASX of different types of issues of | not to be quoted on ASX | |||
securities, please complete a separate Appendix 3G | ☐Partly paid +securities that have been | |||
for each type of issue. | ||||
fully paid up and that are not to be | ||||
quoted on ASX | ||||
☐+Securities issued under an +employee | ||||
incentive scheme that are not being | ||||
immediately quoted on ASX | ||||
☒Other [please specify] | ||||
If you have selected 'other' please provide the | ||||
circumstances of the issue here: | ||||
Issue of options to service providers to the | ||||
Company to pay for services rendered | ||||
2.2a.1 | Please state the number and type of | N/A | ||
options that were exercised or other | ||||
+convertible securities that were converted | ||||
(including their ASX security code if | ||||
available)? | ||||
Answer this question if your response to Q2.1 is | ||||
"securities issued as a result of options being | ||||
exercised or other convertible securities being | ||||
converted and that are not to be quoted on ASX". | ||||
2.2a.2 | And the date the options were exercised or | N/A | ||
other +convertible securities were | ||||
converted: | ||||
Answer this question if your response to Q2.1 is | ||||
"securities issued as a result of options being | ||||
exercised or other convertible securities being | ||||
converted and that are not to be quoted on ASX". | ||||
Note: If this occurred over a range of dates, enter the | ||||
date the last of the options was exercised or | ||||
convertible securities was converted. | ||||
2.2b.1 | Please state the number and type of partly | N/A | ||
paid +securities that were fully paid up | ||||
(including their ASX security code if | ||||
available)? | ||||
Answer this question if your response to Q2.1 is | ||||
"partly paid securities that have been paid up and that | ||||
are not to be quoted on ASX". | ||||
2.2b.2 | And the date the +securities were fully paid | N/A | ||
up: | ||||
Answer this question if your response to Q2.1 is | ||||
"partly paid securities that have been paid up and that | ||||
are not to be quoted on ASX". | ||||
Note: If this occurred over a range of dates, enter the | ||||
date the last of the securities was fully paid up. | ||||
+ See chapter 19 for defined terms | |
31 January 2020 | Page 2 |
6652717_1
Appendix 3G Notification of issue, conversion or payment up of equity +securities
2.2c.1 | Please state the number and type of | N/A | ||||||
+securities (including their ASX security | ||||||||
code) issued under an +employee | ||||||||
incentive scheme that are not being | ||||||||
immediately quoted on ASX | ||||||||
Answer this question if your response to Q2.1 is | ||||||||
"securities issued under an employee incentive | ||||||||
scheme that are not being immediately quoted on | ||||||||
ASX". | ||||||||
2.2c.2 | *Please attach a document or provide | N/A | ||||||
details of a URL link for a document lodged | ||||||||
with ASX detailing the terms of the | ||||||||
+employee incentive scheme or a | ||||||||
summary of the terms. | ||||||||
Answer this question if your response to Q2.1 is | ||||||||
"securities issued under an employee incentive | ||||||||
scheme that are not being immediately quoted on | ||||||||
ASX". | ||||||||
2.2c.3 | *Are any of these +securities being issued | N/A | ||||||
to +key management personnel (KMP) or | ||||||||
an +associate | ||||||||
Answer this question if your response to Q2.1 is | ||||||||
"securities issued under an employee incentive | ||||||||
scheme that are not being immediately quoted on | ||||||||
ASX". | ||||||||
2.2c.3.a | *Provide details of the recipients and the number of +securities issued to each of them. | |||||||
Answer this question if your response to Q2.1 is "securities issued under an employee incentive scheme that are | ||||||||
not being immediately quoted on ASX" and your response to Q2.2c.3 is "Yes". Repeat the detail in the table | ||||||||
below for each KMP involved in the issue. If the securities are being issued to the KMP, repeat the name of the | ||||||||
KMP or insert "Same" in "Name of registered holder". If the securities are being issued to an associate of a KMP, | ||||||||
insert the name of the associate in "Name of registered holder". | ||||||||
Name of KMP | Name of registered holder | Number of +securities | ||||||
2.2d.1 | *The purpose(s) for which the entity is | ☐To raise additional working capital | ||||||
issuing the +securities is: | ☐To fund the retirement of debt | |||||||
Answer this question if your response to Q2.1 is | ||||||||
☐To pay for the acquisition of an asset | ||||||||
"Other". | ||||||||
You may select one or more of the items in the list. | [provide details below] | |||||||
☒To pay for services rendered | ||||||||
[provide details below] | ||||||||
☐Other | ||||||||
Additional details: | ||||||||
Issue of options to service providers to the | ||||||||
Company to pay for services rendered | ||||||||
2.2d.2 | Please provide any further information | N/A | ||||||
needed to understand the circumstances in | ||||||||
which you are notifying the issue of these | ||||||||
+securities to ASX, including (if applicable) | ||||||||
why the issue of the +securities has not | ||||||||
been previously announced to the market | ||||||||
in an Appendix 3B | ||||||||
You must answer this question if your response to | ||||||||
Q2.1 is "Other". If there is no other information to | ||||||||
provide, please answer "Not applicable" or "N/A". | ||||||||
+ See chapter 19 for defined terms | ||||||||
31 January 2020 | Page 3 |
6652717_1
Appendix 3G | |||
Notification of issue, conversion or | |||
payment up of equity +securities | |||
2.3 | *The +securities being issued are: | ☐Additional +securities in an existing | |
Tick whichever is applicable | unquoted class that is already recorded | ||
by ASX ("existing class") | |||
☒New +securities in an unquoted class | |||
that is not yet recorded by ASX ("new | |||
class") | |||
Part 3A - number and type of +securities being issued (existing class)
Answer the questions in this part if your response to Q2.3 is "existing class".
Question | Question | Answer |
No. | ||
3A.1 | *ASX security code & description | N/A |
3A.2 | *Number of +securities being issued | N/A |
3A.3a | *Will the +securities being issued rank | N/A |
equally in all respects from their issue date | ||
with the existing issued +securities in that | ||
class? | ||
3A.3b | *Is the actual date from which the | N/A |
+securities will rank equally (non-ranking | ||
end date) known? | ||
Answer this question if your response to Q3A.3a is | ||
"No". | ||
3A.3c | *Provide the actual non-ranking end date | N/A |
Answer this question if your response to Q3A.3a is | ||
"No" and your response to Q3A.3b is "Yes". | ||
3A.3d | *Provide the estimated non-ranking end | N/A |
period | ||
Answer this question if your response to Q3A.3a is | ||
"No" and your response to Q3A.3b is "No". | ||
3A.3e | *Please state the extent to which the | N/A |
+securities do not rank equally: | ||
•in relation to the next dividend, | ||
distribution or interest payment; or | ||
•for any other reason | ||
Answer this question if your response to Q3A.3a is | ||
"No". | ||
For example, the securities may not rank at all, or may | ||
rank proportionately based on the percentage of the | ||
period in question they have been on issue, for the | ||
next dividend, distribution or interest payment; or they | ||
may not be entitled to participate in some other event, | ||
such as an entitlement issue. | ||
Part 3B - number and type of +securities being issued (new class)
Answer the questions in this part if your response to Q2.3 is "new class".
Question | Question | Answer |
No. | ||
3B.1 | *Security description | WCG Options - Service Providers |
+ See chapter 19 for defined terms | |
31 January 2020 | Page 4 |
6652717_1
Appendix 3G | ||||
Notification of issue, conversion or | ||||
payment up of equity +securities | ||||
3B.2 | *Security type | ☐Ordinary fully or partly paid shares/units | ||
Select one item from the list that best describes the | ☒Options | |||
securities the subject of this form. This will determine | ||||
more detailed questions to be asked about the security | ☐+Convertible debt securities | |||
later in this section. Select "ordinary fully or partly paid | ☐Non-convertible +debt securities | |||
shares/units" for stapled securities or CDIs. For interest | ||||
rate securities, please select the appropriate choice | ☐Redeemable preference shares/units | |||
from either "Convertible debt securities" or "Non- | ||||
convertible debt securities". Select "Other" for | ☐Other | |||
performance shares/units and performance | ||||
options/rights or if the selections available in the list do | ||||
not appropriately describe the security being issued. | ||||
3B.3 | ISIN code | N/A | ||
Answer this question if you are an entity incorporated | ||||
outside Australia and you are issuing a new class of | ||||
securities other than CDIs. See also the note at the top | ||||
of this form. | ||||
3B.4 | *Number of +securities being issued | 1,250,000 | ||
3B.5a | *Will all the +securities issued in this class | Yes | ||
rank equally in all respects from the issue | ||||
date? | ||||
3B.5b | *Is the actual date from which the | N/A | ||
+securities will rank equally (non-ranking | ||||
end date) known? | ||||
Answer this question if your response to Q3B.5a is | ||||
"No". | ||||
3B.5c | *Provide the actual non-ranking end date | N/A | ||
Answer this question if your response to Q3B.5a is | ||||
"No" and your response to Q3B.5b is "Yes". | ||||
3B.5d | *Provide the estimated non-ranking end | N/A | ||
period | ||||
Answer this question if your response to Q3B.5a is | ||||
"No" and your response to Q3B.5b is "No". | ||||
3B.5e | *Please state the extent to which the | N/A | ||
+securities do not rank equally: | ||||
•in relation to the next dividend, | ||||
distribution or interest payment; or | ||||
•for any other reason | ||||
Answer this question if your response to Q3B.5a is | ||||
"No". | ||||
For example, the securities may not rank at all, or may | ||||
rank proportionately based on the percentage of the | ||||
period in question they have been on issue, for the | ||||
next dividend, distribution or interest payment; or they | ||||
may not be entitled to participate in some other event, | ||||
such as an entitlement issue. | ||||
3B.6 | Please attach a document or provide a URL | Refer attached | ||
link for a document lodged with ASX setting | ||||
out the material terms of the +securities | ||||
being issued | ||||
You may cross reference a disclosure document, PDS, | ||||
information memorandum, investor presentation or | ||||
other announcement with this information provided it | ||||
has been released to the ASX Market Announcements | ||||
Platform. | ||||
+ See chapter 19 for defined terms | |
31 January 2020 | Page 5 |
6652717_1
Appendix 3G Notification of issue, conversion or payment up of equity +securities
3B.7 | *Have you received confirmation from ASX | No | |||
that the terms of the +securities are | |||||
appropriate and equitable under listing rule | |||||
6.1? | |||||
Answer this question only if you are an ASX Listing. | |||||
(ASX Foreign Exempt Listings and ASX Debt Listings | |||||
do not have to answer this question). | |||||
If your response is "No" and the securities have any | |||||
unusual terms, you should approach ASX as soon as | |||||
possible for confirmation under listing rule 6.1 that the | |||||
terms are appropriate and equitable. | |||||
3B.8a | Ordinary fully or partly paid shares/units details | ||||
Answer the questions in this section if you selected this security type in your response to Question 3B.2. | |||||
*+Security currency | N/A | ||||
This is the currency in which the face amount of an | |||||
issue is denominated. It will also typically be the | |||||
currency in which distributions are declared. | |||||
*Will there be CDIs issued over the | N/A | ||||
+securities? | |||||
*CDI ratio | N/A | ||||
Answer this question if you answered "Yes" to the | |||||
previous question. This is the ratio at which CDIs can | |||||
be transmuted into the underlying security (e.g. 4:1 | |||||
means 4 CDIs represent 1 underlying security | |||||
whereas 1:4 means 1 CDI represents 4 underlying | |||||
securities). | |||||
*Is it a partly paid class of +security? | N/A | ||||
*Paid up amount: unpaid amount | N/A | ||||
Answer this question if answered "Yes" to the | |||||
previous question. | |||||
The paid up amount represents the amount of | |||||
application money and/or calls which have been paid | |||||
on any security considered 'partly paid' | |||||
The unpaid amount represents the unpaid or yet to be | |||||
called amount on any security considered 'partly | |||||
paid'. | |||||
The amounts should be provided per the security | |||||
currency (e.g. if the security currency is AUD, then the | |||||
paid up and unpaid amount per security in AUD). | |||||
*Is it a stapled +security? | N/A | ||||
This is a security class that comprises a number of | |||||
ordinary shares and/or ordinary units issued by | |||||
separate entities that are stapled together for the | |||||
purposes of trading. | |||||
3B.8b | Option details | ||||
Answer the questions in this section if you selected this security type in your response to Question 3B.2. | |||||
*+Security currency | AUD | ||||
This is the currency in which the exercise price is | |||||
payable. | |||||
*Exercise price | $0.20 | ||||
The price at which each option can be exercised and | |||||
convert into the underlying security. If there is no | |||||
exercise price please answer as $0.00. | |||||
The exercise price should be provided per the | |||||
security currency (i.e. if the security currency is AUD, | |||||
the exercise price should be expressed in AUD). | |||||
*Expiry date | 6 January 2024 | ||||
The date on which the options expire or terminate. | |||||
+ See chapter 19 for defined terms | |||||
31 January 2020 | Page 6 |
6652717_1
Appendix 3G | ||
Notification of issue, conversion or | ||
payment up of equity +securities | ||
*Details of the number and type of | One fully paid ordinary share (ASX:WCG) | |
+security (including its ASX security code if | ||
the +security is quoted on or recorded by | ||
ASX) that will be issued if an option is | ||
exercised | ||
For example, if the option can be exercised to receive | ||
one fully paid ordinary share with ASX security code | ||
ABC, please insert "One fully paid ordinary share | ||
(ASX:ABC)". | ||
3B.8c | Details of non-convertible +debt securities, +convertible debt securities, or | |||
redeemable preference shares/units | ||||
Answer the questions in this section if you selected one of these security types in your response to Question | ||||
3B.2. | ||||
Refer to Guidance Note 34 and the "Guide to the Naming Conventions and Security Descriptions for ASX Quoted | ||||
Debt and Hybrid Securities" for further information on certain terms used in this section | ||||
*Type of +security | ☐Simple corporate bond | |||
Select one item from the list | ☐Non-convertible note or bond | |||
☐Convertible note or bond | ||||
☐Preference share/unit | ||||
☐Capital note | ||||
☐Hybrid security | ||||
☐Other | ||||
*+Security currency | N/A | |||
This is the currency in which the face value of the | ||||
security is denominated. It will also typically be the | ||||
currency in which interest or distributions are paid. | ||||
Face value | N/A | |||
This is the principal amount of each security. | ||||
The face value should be provided per the security | ||||
currency (i.e. if security currency is AUD, then the | ||||
face value per security in AUD). | ||||
*Interest rate type | ☐Fixed rate | |||
Select one item from the list | ☐Floating rate | |||
Select the appropriate interest rate type per the terms | ☐Indexed rate | |||
of the security. Definitions for each type are provided | ||||
in the Guide to the Naming Conventions and Security | ☐Variable rate | |||
Descriptions for ASX Quoted Debt and Hybrid | ||||
Securities | ☐Zero coupon/no interest | |||
☐Other | ||||
Frequency of coupon/interest payments | ☐Monthly | |||
per year | ☐Quarterly | |||
Select one item from the list. | ||||
☐Semi-annual | ||||
☐Annual | ||||
☐No coupon/interest payments | ||||
☐Other | ||||
First interest payment date | N/A | |||
A response is not required if you have selected "No | ||||
coupon/interest payments" in response to the | ||||
question above on the frequency of coupon/interest | ||||
payments | ||||
Interest rate per annum | N/A | |||
Answer this question if the interest rate type is fixed. | ||||
+ See chapter 19 for defined terms | ||||
31 January 2020 | Page 7 |
6652717_1
Appendix 3G Notification of issue, conversion or payment up of equity +securities
*Is the interest rate per annum estimated | N/A | ||
at this time? | |||
Answer this question if the interest rate type is fixed. | |||
If the interest rate per annum is estimated, | N/A | ||
then what is the date for this information to | |||
be announced to the market (if known) | |||
Answer this question if the interest rate type is fixed | |||
and your response to the previous question is "Yes". | |||
Answer "Unknown" if the date is not known at this | |||
time. | |||
*Does the interest rate include a reference | N/A | ||
rate, base rate or market rate (e.g. BBSW | |||
or CPI)? | |||
Answer this question if the interest rate type is floating | |||
or indexed | |||
*What is the reference rate, base rate or | N/A | ||
market rate? | |||
Answer this question if the interest rate type is floating | |||
or indexed and your response to the previous | |||
question is "Yes". | |||
*Does the interest rate include a margin | N/A | ||
above the reference rate, base rate or | |||
market rate? | |||
Answer this question if the interest rate type is floating | |||
or indexed. | |||
*What is the margin above the reference | N/A | ||
rate, base rate or market rate (expressed | |||
as a percent per annum) | |||
Answer this question if the interest rate type is floating | |||
or indexed and your response to the previous | |||
question is "Yes". | |||
*S128F of the Income Tax Assessment Act | ☐s128F exempt | ||
status applicable to the +security | ☐Not s128F exempt | ||
Select one item from the list | |||
☐s128F exemption status unknown | |||
For financial products which are likely to give rise to a | |||
payment to which s128F of the Income Tax | ☐Not applicable | ||
Assessment Act applies, ASX requests issuers to | |||
confirm the s128F status of the security: | |||
•"s128F exempt" means interest payments are not | |||
taxable to non-residents; | |||
•"Not s128F exempt" means interest payments are | |||
taxable to non-residents; | |||
•"s128F exemption status unknown" means the | |||
issuer is unable to advise the status; | |||
•"Not applicable" means s128F is not applicable to | |||
this security | |||
*Is the +security perpetual (i.e. no maturity | N/A | ||
date)? | |||
*Maturity date | N/A | ||
Answer this question if the security is not perpetual | |||
+ See chapter 19 for defined terms | |
31 January 2020 | Page 8 |
6652717_1
Appendix 3G | ||||
Notification of issue, conversion or | ||||
payment up of equity +securities | ||||
*Select other features applicable to the | ☐Simple | |||
+security | ☐Subordinated | |||
Up to 4 features can be selected. Further information | ||||
☐Secured | ||||
is available in the Guide to the Naming Conventions | ||||
and Security Descriptions for ASX Quoted Debt and | ☐Converting | |||
Hybrid Securities. | ||||
☐Convertible | ||||
☐Transformable | ||||
☐Exchangeable | ||||
☐Cumulative | ||||
☐Non-Cumulative | ||||
☐Redeemable | ||||
☐Extendable | ||||
☐Reset | ||||
☐Step-Down | ||||
☐Step-Up | ||||
☐Stapled | ||||
☐None of the above | ||||
*Is there a first trigger date on which a right | N/A | |||
of conversion, redemption, call or put can | ||||
be exercised (whichever is first)? | ||||
*If yes, what is the first trigger date | N/A | |||
Answer this question if your response to the previous | ||||
question is "Yes". | ||||
Details of the number and type of +security | N/A | |||
(including its ASX security code if the | ||||
+security is quoted on ASX) that will be | ||||
issued if the securities to be quoted are | ||||
converted, transformed or exchanged | ||||
Answer this question if the security features include | ||||
"converting", "convertible", "transformable" or | ||||
"exchangeable". | ||||
For example, if the security can be converted into | ||||
1,000 fully paid ordinary shares with ASX security | ||||
code ABC, please insert "1,000 fully paid ordinary | ||||
shares (ASX:ABC)". | ||||
Part 4 - Issue details |
Question | Question | Answer | ||
No. | ||||
4.1 | *Have the +securities been issued yet? | No | ||
4.1a | *What was their date of issue? | N/A | ||
Answer this question if your response to Q4.1 is | ||||
"Yes". | ||||
4.1b | *What is their proposed date of issue? | 6 January 2021 | ||
Answer this question if your response to Q4.1 is "No". | ||||
4.2 | *Are the +securities being issued for a | No | ||
cash consideration? | ||||
If the securities are being issued for nil cash | ||||
consideration, answer this question "No". | ||||
+ See chapter 19 for defined terms | ||||
31 January 2020 | Page 9 |
6652717_1
Appendix 3G Notification of issue, conversion or payment up of equity +securities
4.2a | *In what currency is the cash consideration N/A |
being paid | |
For example, if the consideration is being paid in | |
Australian Dollars, state AUD. | |
Answer this question if your response to Q4.2 is | |
"Yes". |
4.2b | *What is the issue price per +security | N/A |
Answer this question if your response to Q4.2 is "Yes" | ||
and by reference to the issue currency provided in | ||
your response to Q4.2a. | ||
Note: you cannot enter a nil amount here. If the | ||
securities are being issued for nil cash consideration, | ||
answer Q4.2 as "No" and complete Q4.2c. |
4.2c | Please describe the consideration being | Services rendered to the Company |
provided for the +securities | ||
Answer this question if your response to Q4.2 is "No". | ||
4.3 | Any other information the entity wishes to | N/A |
provide about the issue |
Part 5 - Unquoted +securities on issue
Following the issue of the +securities the subject of this application, the unquoted issued +securities of the entity will comprise:
Note: the figures provided in the table in section 5.1 below are used to calculate part of the total market capitalisation of the entity published by ASX from time to time. Please make sure you include in the table each class of unquoted securities issued by the entity.
Restricted securities should be included in table 5.1.
5.1
*ASX security code and description | *Total number of +securities on issue | |
Total number of unquoted | ||
securities: | ||
WCGAA - Performance Rights | 10,000,000 Performance rights | |
WCGAB - Options Expiring 18-Dec-2025 Ex | 2,000,000 | Options - Employee Plan |
$0.20 | ||
1,250,000 | Options - Service | |
WCG - Options - Service Providers | ||
Providers | ||
+ See chapter 19 for defined terms | |
31 January 2020 | Page 10 |
6652717_1
Appendix 3G Notification of issue, conversion or payment up of equity +securities
Part 6 - Other Listing Rule requirements
The questions in this Part should only be answered if you are an ASX Listing (ASX Foreign Exempt Listings and ASX Debt Listings do not need to complete this Part) and:
- your response to Q2.1 is "+securities issued under an +employee incentive scheme that are not being immediately quoted on ASX"; or
- your response to Q2.1 is "Other"
Question | Question | Answer |
No. | ||
6.1 | *Are the securities being issued under | No |
Listing Rule 7.2 exception 131and therefore | ||
the issue does not need any security holder | ||
approval under Listing Rule 7.1? | ||
Answer this question if your response to Q2.1 is | ||
"securities issued under an employee incentive | ||
scheme that are not being immediately quoted on | ||
ASX". | ||
6.2 | *Has the entity obtained, or is it obtaining, | No |
+security holder approval for the issue | ||
under listing rule 7.1? | ||
Answer this question if the response to Q6.1 is "No". | ||
6.2a | *Date of meeting or proposed meeting to | N/A |
approve the issue under listing rule 7.1 | ||
Answer this question if the response to Q6.1 is "No" | ||
and the response to Q6.2 is "Yes". | ||
6.2b | *Are any of the +securities being issued | Yes |
without +security holder approval using the | ||
entity's 15% placement capacity under | ||
listing rule 7.1? | ||
Answer this question if the response to Q6.1 is "No" | ||
and the response to Q6.2 is "No". | ||
1Exception 13An issue of securities under an employee incentive scheme if within 3 years before the issue date:
- in the case of a scheme established before the entity was listed - a summary of the terms of the scheme and the maximum number of equity securities proposed to be issued under the scheme were set out in the prospectus, PDS or information memorandum lodged with ASX under rule 1.1 condition 3; or
- the holders of the entity's ordinary securities have approved the issue of equity securities under the scheme as an exception to this rule. The notice of meeting must have included:
- a summary of the terms of the scheme.
- the number of securities issued under the scheme since the entity was listed or the date of the last approval under this rule;
- the maximum number of +equity securities proposed to be issued under the scheme following the approval; and
- a voting exclusion statement.
Exception 13 is only available if and to the extent that the number of +equity securities issued under the scheme does not exceed the maximum number set out in the entity's prospectus, PDS or information memorandum (in the case of (a) above) or in the notice of meeting (in the case of (b) above).
Exception 13 ceases to be available if there is a material change to the terms of the scheme from those set out in the entity's prospectus, PDS or information memorandum (in the case of (a) above) or in the notice of meeting (in the case of (b) above).
+ See chapter 19 for defined terms | |
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Appendix 3G | |||
Notification of issue, conversion or | |||
payment up of equity +securities | |||
6.2b.1 | *How many +securities are being issued | 1,250,000 | |
without +security holder approval using the | |||
entity's 15% placement capacity under | |||
listing rule 7.1? | |||
Answer this question if the response to Q6.1 is "No", | |||
the response to Q6.2 is "No" and the response to | |||
Q6.2b is "Yes". | |||
Please complete and separately send by email to your | |||
ASX listings adviser a work sheet in the form of | |||
Annexure B to Guidance Note 21 confirming the entity | |||
has the available capacity under listing rule 7.1 to issue | |||
that number of securities. | |||
6.2c | *Are any of the +securities being issued | No | |
without +security holder approval using the | |||
entity's additional 10% placement capacity | |||
under listing rule 7.1A (if applicable)? | |||
Answer this question if the response to Q6.1 is "No" | |||
and the response to Q6.2 is "No". | |||
6.2c.1 | *How many +securities are being issued | N/A | |
without +security holder approval using the | |||
entity's additional 10% placement capacity | |||
under listing rule 7.1A? | |||
Answer this question if the response to Q6.1 is "No", | |||
the response to Q6.2 is "No" and the response to | |||
Q6.2c is "Yes". | |||
Please complete and separately send by email to your | |||
ASX listings adviser a work sheet in the form of | |||
Annexure C to Guidance Note 21 confirming the entity | |||
has the available capacity under listing rule 7.1A to | |||
issue that number of securities. | |||
Introduced 01/12/19; amended 31/01/20
+ See chapter 19 for defined terms | |
31 January 2020 | Page 12 |
6652717_1
TERMS AND CONDITIONS OF OPTIONS
(Service Provider Options)
1. DEFINITIONS AND INTERPRETATION
-
Definitions
In this document, unless the contrary intention appears: - ASXmeans ASX Limited and the Australian Securities Exchange conducted by ASX Limited.
- ASX Listing Rulesmeans the listing rules of ASX except to the extent of any waiver by ASX of their application to the Company.
- Certificatemeans a certificate denoting the holding of an Option as issued by the Company to a Holder.
- Companymeans Webcentral Group Limited ACN 073 716 793.
- Constitutionmeans the constitution of the Company.
- Exercise Noticehas the meaning given in clause 3.1(a).
- Exercise Periodmeans, in relation to an Option, the period between the date of issue of the Option and 5.00 pm (Melbourne Time) on the Expiry Date.
- Exercise Pricemeans, in relation to an Option, the amount payable upon exercise of the Option, as specified in the terms of issue of the Option.
- Expiry Datemeans, in relation to an Option, the date on which the Option expires and can no longer be exercised, as specified in the terms of issue of the Option.
- Holdermeans a holder of an Option.
- Registermeans the register of Holders referred to in clause 6.1.
- Sharemeans a fully paid ordinary share in the Company.
- Vesting Conditionmeans, in relation to an Option, a vesting condition (if any) specified in the terms of issue of the Option.
- Interpretation
In this document, unless the contrary intention appears: - headings to clauses are for convenience only and do not affect interpretation;
- any reference to a clause, background recital, schedule or annexure is a reference to a clause of, recital in, schedule to or annexure to, this document;
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- if a word or phrase is defined, its other grammatical forms have a corresponding meaning;
- the words "include", "including", "for example", "such as" or cognate expressions are to be construed without limitation;
- a reference to a document (including this document) or to a statute, ordinance, code or other law includes a regulation, rule or other statutory instrument issued under it and consolidations, amendments,re-enactments or replacements of any of them;
- an agreement, representation or warranty by two or more persons, binds them jointly and each of them individually;
- an agreement, representation or warranty in favour of two or more persons is for the benefit of them jointly and each of them individually;
- the singular includes the plural and vice versa;
- a reference to a gender includes all genders; and
- where any obligation of this document is to be performed on a day other than a Business Day, that obligation is to be performed on the next Business Day.
- ENTITLEMENT ON EXERCISE OF OPTIONS
Subject to these conditions, each Option entitles the Holder to subscribe for and be allotted 1 Share upon the exercise of the Option and payment to the Company of the Exercise Price. - EXERCISE OF OPTIONS
- Exercise Notice
- Subject to clause3.2, the Holder may at any time during the Exercise Period give a notice (Exercise Notice) to the Company requiring the Company to issue Shares on exercise of the Options.
- An Exercise Notice must be in writing and must be delivered to the registered office of the Company (or such other place as the Company may notify Holders in writing) together with payment of the Exercise Price for each of the Options exercised.
- The Company may prescribe the form of Exercise Notice. Unless the Company notifies the Holder otherwise the form of Exercise Notice set out inError! Reference source not found.may be given by a Holder in order to exercise an Option.
- Holders may exercise all their Options at once, or may exercise parcels of their Options which are multiples of 1,000 (or such lower multiple as the Company permits in its absolute discretion).
-
Vesting Conditions
Notwithstanding clause 3.1, a Holder may not exercise an Option unless all Vesting Conditions applicable to the Option have been satisfied.
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- Issue of Shares
- On exercise of any Options, the Company must allot to the Holder the number of Shares for which the Options are exercised.
- The Company must allot the Shares within 15 Business Days of receipt of the Exercise Notice.
- An Exercise Notice is only effective when the Company has received the full amount of the Exercise Price for the Options exercised in cash or cleared funds.
-
Ranking of Shares Allotted on Exercise
Shares allotted upon exercise of Options will rank equally in all respects with all other issued Shares from the date of allotment and will be held subject to the Constitution. - Lapse
Any Option which has not been exercised by 5.00 pm (Melbourne Time) on the Expiry Date will lapse. An Exercise Notice is not effective if it is received by the Company after the expiration of the Exercise Period.
- QUOTATION
- Quotation of OptionsOptions will not be quoted.
- Quotation of Shares
If Shares are quoted on the ASX at the time of exercise of the Options, the Company will make application to the ASX for the Shares issued on exercise of the Options to be quoted within 15 Business Days of the allotment of the Shares or such earlier time as is required by the ASX Listing Rules.
- BONUS ISSUES AND RECONSTRUCTIONS
-
Bonus Issues
If there is a bonus issue to the holders of Shares in the Company then the number of Shares over which each Option is exercisable will be increased by the number of Shares which the Holder would have received under the bonus issue if the Option had been exercised before the record date for the bonus issue. - Reconstructions
In the event of any reorganisation including subdivision, consolidation, reduction, return or cancellation of the issued capital of the Company on or prior to the date Shares are allotted on exercise of Options, the number of Shares to be allotted will be changed to the extent necessary to comply with the applicable ASX Listing Rules governing reorganisations in force at the time of the reorganisation. This clause 5.2 applies regardless of whether the Company is at the time listed on ASX.
-
Bonus Issues
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- MAINTENANCE OF REGISTER AND TRANSFERS OF OPTIONS
-
Register of Holders of Options
The Company will keep and maintain, or cause to be kept and maintained, a register of Holders of Options. The Company must ensure that the Register is maintained in compliance with the Corporations Act and all other applicable clauses and requirements. - Transfers of OptionsOptions are not transferable.
-
Register of Holders of Options
- MISCELLANEOUS
- Severance
- If a provision of these conditions or its application to any person or circumstance is or becomes invalid, illegal or unenforceable then the provision must, as far as possible, be interpreted as narrowly as possible to ensure that it is not illegal, invalid or unenforceable.
- If any provision or part of it cannot be so interpreted, then the provision or its part is taken to be void and severable. The remaining provisions of these conditions are not affected or impaired in any way.
-
Holders bound
A Holder is bound by these conditions and the Constitution. - Waiver and Variation
- Subject to the ASX Listing Rules (if applicable), ASX Settlement Operating Rules (if applicable) and the Constitution, the directors of the Company may by resolution:
- waive strict compliance with any of these conditions; or
- add to, vary or otherwise change any of these conditions for any reason including to ensure compliance with the ASX Listing Rules either generally in relation to all Holders or as they apply to a particular Holder.
- Any waiver, addition, variation or other change under clause(a) must not be made unless:
- any Holder effected by the waiver, addition, variation or other change so consents in writing; or
- the directors of the Company reasonably consider that the waiver, addition, variation or other change is required to ensure compliance with the ASX Listing Rules (if applicable) or any law or requirement binding on the Company or does not adversely affect a Holder's rights under these conditions.
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-
Notice of Expiry
The Company must send a Holder before the Expiry Date of the Options any notice required by the ASX Listing Rules (if applicable) to be sent to Holders. - Governing law
These conditions are to be construed according to and are governed by the laws of Victoria, Australia. Each of the Company and the Holder submits to the non-exclusive jurisdiction of the courts in and of Victoria in relation to any dispute arising under these conditions.
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