IXUP : Notification regarding unquoted securities - IXU

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

Announcement Summary

use only

Entity name

IXUP LIMITED

Date of this announcement

Thursday December 23, 2021

The +securities the subject of this notification are:

+Other securities issued under an +employee incentive scheme that are not intended to be quoted on ASX

Total number of +securities to be issued/transferred

		Total number of
ASX +security		+securities to be
code	Security description	issued/transferred	Issue date
IXUAF	PERFORMANCE RIGHTS	3,155,649	21/12/2021

For personal

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

IXUP 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	612182368
1.3	ASX issuer code
IXU
1.4 The announcement is
New announcement
1.5	Date of this announcement

23/12/2021

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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:

+Other securities issued under an +employee incentive scheme that are not intended to be quoted on ASX

For personal use only

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")

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

ASX +security code and description

IXUAF : PERFORMANCE RIGHTS

Date the +securities the subject of this notification were issued

21/12/2021

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
			488,717
Matthew Johnson		Matthew Johnson

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://cdn-api.markitdigital.com/apiman-gateway/ASX/asx-research/1.0/file/2924-02389470-6A1038683?access_token=8 3ff96335c2d45a094df02a206a39ff4

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

1,500,000 employee Performance Rights to vest in equal tranches over 3 years subsequent to the below vesting conditions being met over 12 month performance period, commencing on grant date:

1. Continuous Service; and
2. 20 day VWAP of IXUPs shares meeting or exceeding a level which is 30% higher than the closing price for IXUP shares at the grant date and the Board determines, in its discretion, that the recipient contributed to such increase.

1,655,649 employee Performance Rights to vest subsequent to the below vesting conditions being met and tested over 12 month performance period, commencing on grant date and subject to 12 month holding lock post vesting:

1. Continuous services; and
2. 20 day VWAP of IXUPs shares meeting or exceeding a level which is 30% higher than the closing price for IXUP shares at the grant date and the Board determines, in its discretion, that the recipient contributed to such increase

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Issue details

Number of +securities

3,155,649

For personal use only

Notification of Issue, Conversion or Payment up of Unquoted

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