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GREENLAND MINERALS LIMITED

(GGG)
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Greenland Minerals and Energy : Director Share Purchase

06/25/2014 | 02:48am EDT
Appendix 3Y Change of Director's Interest Notice Appendix 3Y Change of Director's Interest Notice

Rule 3.19A.2

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.

Introduced 30/09/01 Amended 01/01/11

Name of entity GREENLAND MINERALS AND ENERGY LIMITED

ABN 85 118 463 004

We (the entity) give ASX the following information under listing rule 3.19A.2 and as agent for the director for the purposes of section 205G of the Corporations Act.

Name of Director

Anthony Ho

Date of last notice

19/05/2014

Part 1 - Change of director's relevant interests in securities

In the case of a trust, this includes interests in the trust made available by the responsible entity of the trust

Note: In the case of a company, interests which come within paragraph (i) of the definition of " notifiable interest of a director" should be

disclosed in this part.

Direct or indirect interest

650,000 Shares

1,000,000 performance rights (refer annexure 1)

Nature of indirect interest

(including registered holder)

Note: Provide details of the circumstances giving rise to the relevant interest.

A.P. & C.H. Ho Superannuation Fund

650,000 shares

Date of change

23/06/2014

No. of securities held prior to change

550,000 Shares

1,000,000 performance rights (refer annexure 1)

Class

Ordinary fully paid shares

Number acquired

100,000

Number disposed

Nil

Value/Consideration

Note: If consideration is non-cash, provide details and estimated valuation

$9,400

No. of securities held after change

650,000 Shares

1,000,000 performance rights (refer annexure 1)


+ See chapter 19 for defined terms.
01/01/2011 Appendix 3Y Page 1

Appendix 3Y Change of Director's Interest Notice

Nature of change

Example: on-market trade, off-market trade, exercise of options, issue of securities under dividend reinvestment plan, participation in buy-back

On market purchase of shares

Part 2 - Change of director's interests in contracts

Note: In the case of a company, interests which come within paragraph (ii) of the definition of "notifiable interest of a director" should be disclosed in this part.

Detail of contract

Nature of interest

Name of registered holder

(if issued securities)

Date of change

No. and class of securities to which interest related prior to change

Note: Details are only required for a contract in relation

to which the interest has changed

Interest acquired

Interest disposed

Part 3 - +Closed period

Were the interests in the securities or contracts detailed

above traded during a +closed period where prior written clearance was required?

No

If so, was prior written clearance provided to allow the trade

to proceed during this period?

N/A

If prior written clearance was provided, on what date was this provided?

N/A


+ See chapter 19 for defined terms.
Appendix 3Y Page 2 01/01/2011

Annexure 1

The terms of the Performance Rights are:
1. The Performance Rights are non-transferable.

Appendix 3Y Change of Director's Interest Notice

2. The rights under Performance Rights are personal and a Performance Right does not confer any entitlement to attend or vote at meetings of the Company, to dividends, participation in new issues of securities or entitlement to participate in any return of capital.
3. The Performance Rights will be issued in 3 tranches with the following performance/vesting hurdles: Tranche 1: 500,000 Performance Rights - will vest upon both the volume weighted average price of
Shares being $0.75 or more for 10 consecutive Trading Days and continuous service for the Company until 30 June 2013 save that this continuous service vesting hurdle will be
deemed to be satisfied in the event of a successful takeover bid where the bidder has acceptances for greater than 50% of the Shares in the Company.
Tranche 2: 250,000 Performance Rights - will vest upon both the volume weighted average price of Shares being $1.00 or more for 10 consecutive Trading Days and continuous service for the Company until 30 June 2013 save that this continuous service vesting hurdle will be deemed to be satisfied in the event of a successful takeover bid where the bidder has acceptances for greater than 50% of the Shares in the Company.
Tranche 3: 250,000 Performance Rights- will vest upon both the volume weighted average price of Shares being $1.50 or more for 10 consecutive Trading Days and continuous service for the Company until 30 June 2013 save that this continuous service vesting hurdle will be deemed to be satisfied in the event of a successful takeover bid where the bidder has acceptances for greater than 50% of the Shares in the Company.
4. The Performance Rights will lapse if the performance/vesting hurdles are not satisfied within 3 years of the date of the Meeting.
5. Upon vesting, one (1) Share will be issued for every one (1) Performance Right. The Shares will rank equally in all respects with the existing Shares.
6. If the Company makes a bonus issue of Shares, then the holder of the Performance Right upon vesting will be entitled to have issued to it the increased number of Shares that it would have received if the Performance Right had vested and the holder acquired Shares in respect of the Performance Right before the record date for the bonus issue.
7. In the event of any reconstruction (including consolidation, sub-division, reduction or return) of the issued capital of the Company prior to the vesting date, the number of Performance Rights will be reconstructed in a manner consistent with the ASX Listing Rules.

+ See chapter 19 for defined terms.
01/01/2011 Appendix 3Y Page 3

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Financials
Sales 2020 0,16 M 0,12 M 0,12 M
Net income 2020 -3,08 M -2,37 M -2,37 M
Net cash 2020 36,0 M 27,7 M 27,7 M
P/E ratio 2020 -102x
Yield 2020 -
Capitalization 154 M 119 M 119 M
EV / Sales 2019 2 293x
EV / Sales 2020 2 018x
Nbr of Employees 28
Free-Float 81,4%
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Managers and Directors
NameTitle
John Lefroy Mair Managing Director & Executive Director
Miles Simon Guy Chief Financial Officer & Secretary
Peng Ho Non-Executive Chairman
Simon Kenneth Cato Non-Executive Director
Xiaolei Guo Non-Executive Director
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