Hyperion Metals : Notification regarding unquoted securities - HYM

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

Announcement Summary

For ersonalp use only

Entity name

HYPERION METALS LIMITED

Date of this announcement

Wednesday December 22, 2021

The +securities the subject of this notification are:

+Securities issued under an +employee incentive scheme that are subject to a restriction on transfer and are not being quoted on ASX until the restriction ends

Total number of +securities to be issued/transferred

		Total number of
ASX +security		+securities to be
code	Security description	issued/transferred	Issue date
HYMAK	PERFORMANCE RIGHTS 23-APR-2024	200,000	22/12/2021
HYMAL	PERFORMANCE RIGHTS 23-APR-2026	4,205,000	22/12/2021
New class - code	Performance rights	259,000	22/12/2021
to be confirmed
New class - code	Performance rights	261,000	22/12/2021
to be confirmed
New class - code	Performance rights	565,000	22/12/2021
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

HYPERION METALS 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
ABN	84618935372
1.3	ASX issuer code
HYM

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

22/12/2021

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

For personal use only

2.1 The +securities the subject of this notification are:

+Securities issued under an +employee incentive scheme that are subject to a restriction on transfer and are not being quoted on ASX until the restriction ends

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

has an existing ASX security code ("existing class") 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 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

For personal use only

Additional +securities in an existing class issued under an +employee incentive scheme

ASX +security code and description

HYMAL : PERFORMANCE RIGHTS 23-APR-2026

Date the +securities the subject of this notification were issued

22/12/2021

Will these +securities rank equally in all respects from their issue date with the existing issued +securities in that class

Yes

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

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

Name of KMP		Name of registered holder	Number of +securities
			2,000,000
Toby Symonds		Toby Symonds
			1,000,000
Jeanne McMullin		Jeanne McMullin

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://asx.api.markitdigital.com/asx-research/1.0/file/2924-02352816-6A1024241?access_token=83ff96335c2d45a094df 02a206a39ff4

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

1. 564,998 performance rights that vest upon the Company achieving a 30-day VWAP of at least A$2.00 per share, expiring April 23, 2026
2. 1,565,001 performance rights that vest upon the Company achieving a 30-day VWAP of at least A$3.00 per share, expiring April 23, 2026
3. 2,075,001 performance rights that vest upon the Company achieving a 30-day VWAP of at least A$4.00 per share, expiring April 23, 2026

Notification of Issue, Conversion or Payment up of Unquoted

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

Issue details

For personal use only

Number of +securities

4,205,000

Additional +securities in an existing class issued under an +employee incentive scheme

ASX +security code and description

HYMAK : PERFORMANCE RIGHTS 23-APR-2024

Date the +securities the subject of this notification were issued

22/12/2021

Will these +securities rank equally in all respects from their issue date with the existing issued +securities in that class

Yes

Were any of the +securities issued to +key management personnel (KMP) or an +associate? No

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://asx.api.markitdigital.com/asx-research/1.0/file/2924-02352816-6A1024241?access_token=83ff96335c2d45a094df 02a206a39ff4

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

1. 50,000 performance rights that vest upon the Company achieving a 30-day VWAP of at least A$2.00 per share, expiring April 23, 2024
2. 150,000 performance rights that vest upon the Company achieving a 30-day VWAP of at least A$3.00 per share, expiring April 23, 2024

Notification of Issue, Conversion or Payment up of Unquoted

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