Appendix 3Y Change of Director's Interest Notice
Appendix 3Y
Rule 3.19A.2
Change of Director's Interest Notice
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: GTN Limited (ASX: GTN)
ACN: | 606 841 801 |
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 | William (Bill) Louis Yde III |
Date of last notice | 23 September 2020 |
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 | Direct | ||
Nature of indirect interest | N/A | ||
(including registered holder) | |||
Note: Provide details of the circumstances giving rise to the relevant | |||
interest. | |||
Date of change | 12 November 2020 | ||
No. of securities held prior to change | • 2,803,408 Fully Paid Ordinary Shares; | ||
and | |||
• 5,506,621 Options, as follows: | |||
o | 390,791 Options over Shares | ||
exercisable at $2.74 on or before | |||
31 December 2021, subject to | |||
o | vesting conditions; | ||
354,865 Options over Shares | |||
exercisable at $2.15 on or after 9 | |||
November 2020, subject to vesting | |||
o | conditions; | ||
709,729 Options over Shares | |||
exercisable at $2.15 on or after 9 | |||
November 2021, subject to vesting | |||
o | conditions; | ||
1,350,412 Options exercisable | at | ||
o | $0.76 after 15 November 2021; | ||
2,700,824 Options exercisable | at | ||
$0.76 after 15 November 2022 |
- See chapter 19 for defined terms. 01/01/2011 Appendix 3Y Page 1
Appendix 3Y
Change of Director's Interest Notice
Class | 1. | Options over Shares exercisable at | |
$0.42 on or after 13 November 2022; | |||
and | |||
2. | Options over Shares exercisable at | ||
$0.42 on or after 13 November 2022. | |||
Number acquired | 1. | 333,333 | |
2. | 666,667 | ||
Number disposed | Cancellation of 5,506,621 Options (pursuant | ||
to approval by shareholders at 2020 AGM | |||
held 12 November 2020) | |||
Value/Consideration | Nil | ||
Note: If consideration is non-cash, provide details and estimated | |||
valuation | |||
No. of securities held after change | • 2,803,408 Fully Paid Ordinary Shares; | ||
and | |||
• 1,000,000 Options as follows: | |||
o | 333,333 Options over Shares | ||
exercisable at $0.42 on or before | |||
o | 13 November 2022; and | ||
666,667 Options over Shares | |||
exercisable at $0.42 on or before | |||
13 November 2023. | |||
Nature of change | Cancellation and issue of Options pursuant to | ||
Example: on-market trade, off-market trade, exercise of options, | GTN | Long Term Incentive Plan following | |
issue of securities under dividend reinvestment plan, participation in | shareholder approval at the 2020 AGM. | ||
buy-back | |||
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 | N/A |
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
+ See chapter 19 for defined terms.
Appendix 3Y Page 2 | 01/01/2011 |
Appendix 3Y
Change of Director's Interest Notice
Interest disposed
Value/Consideration
Note: If consideration is non-cash, provide details and an estimated valuation
Interest after change
Part 3 - +Closed period
Were the interests in the securities or contracts detailed | No |
above traded during a +closed period where prior written | |
clearance was required? | |
If so, was prior written clearance provided to allow the trade | N/A |
to proceed during this period? | |
If prior written clearance was provided, on what date was this | N/A |
provided? |
- See chapter 19 for defined terms. 01/01/2011 Appendix 3Y Page 3
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GTN Limited published this content on 13 November 2020 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 12 November 2020 22:56:07 UTC