AusNet Services : Update - Notification regarding unquoted securities - AST

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

Update Summary

For personal use only

Entity name

AUSNET SERVICES LIMITED

Announcement Type

Update to previous announcement

Date of this announcement

Wednesday December 08, 2021

Reason for the update

Update to number of securities

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

AUSNET SERVICES LIMITED

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
ACN	603317559
1.3	ASX issuer code
AST

1.4 The announcement is

Update/amendment to previous announcement

1.4a Reason for update to a previous announcement

Update to number of securities

1.4b Date of previous announcement to this update

7/12/2021

1.5 Date of this announcement

8/12/2021

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 2 - Issue details

2.1 The +securities the subject of this notification are:

Unquoted options that have been exercised or other unquoted +convertible securities that have been converted

For personal use only

2.2b The +securities being issued, transferred or re-classified as a result of the options being exercised or other +convertible securities being converted are:

securities that have already been quoted on ASX ("existing 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 3B - number and type of +securities the subject of this notification (existing class) where issue has not previously been notified to ASX in an Appendix 3B

use only

The right of the holder of the options or other +convertible securities to receive the +underlying securities is being satisfied by:

A transfer of existing +securities

The underlying securities being received by the holder are:

Already quoted by ASX

Existing +securities converting into an existing class

FROM (Existing Class)

ASX +Security code and description

No security currently exists

FROM (Existing Class) +Security description

Deferred Rights

TO (Existing Class)

ASX +Security code and description

AST : ORDINARY FULLY PAID

Please state the number of options that were exercised or other +convertible securities that were converted

247,907

The first date the options were exercised or other +convertible securities were converted

The last date the options were exercised or other +convertible securities were converted

26/11/2021

For personal

Is this all of the options or other +convertible securities on issue of that type?

Yes

Were the options being exercised or other +convertible securities being converted issued under an +employee incentive scheme?

Yes

Are any of the options being exercised or other +convertible securities being converted held by +key management personnel (KMP) or an +associate?

Yes

Provide details of the KMP or associates who are exercising options or converting convertible securities.

Name of KMP		Name of registered holder	Number of +securities
			247,907
Mr Tony Narvaez		Mr Tony Narvaez

Date the +securities the subject of this notification were issued/transferred

1/12/2021

Notification of Issue, Conversion or Payment up of Unquoted

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

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

The grant of 247,907 Deferred Rights represented the deferred component of Mr Narvaez's one-off incentive paid to him upon commencement of his employment. Further details regarding the issue and terms of the Deferred Rights issued to Mr Tony Narvaez were notified on 24 May 2019 and 19 December 2019.

Issue details

For personal use only

Number of +securities 247,907

Notification of Issue, Conversion or Payment up of Unquoted

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