LBT Innovations : Notification regarding unquoted securities - LBT

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

Announcement Summary

For personal use only

Entity name

LBT INNOVATIONS LIMITED

Date of this announcement

Thursday January 13, 2022

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
New class - code	EXEC LTI VESTING HURDLE $0.343	4,200,000	13/01/2022
to be confirmed	14-JAN-2026 EX $0.12

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

LBT INNOVATIONS 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	95107670673
1.3	ASX issuer code
LBT

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

13/1/2022

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:

+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:

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 3C - number and type of +securities the subject of this notification (new class) where issue has not previously been notified to ASX in an Appendix 3B

only	ASX +security code				+Security description
	New class - code to be confirmed				EXEC LTI VESTING HURDLE $0.343 14-JAN-2026 EX
					$0.12
	+Security type				ISIN code
	Options
use	Date the +securities the subject of this notification were issued
13/1/2022
	Will all the +securities issued in this class rank equally in all respects from their issue date?
	Yes
personal	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
				550,000
	Peter Bradley		Peter Bradley
				550,000
	Ray Ridge		Ridge Family Trust
	Have you received confirmation from ASX that the terms of the +securities are appropriate and equitable under
	listing rule 6.1?
	No
	Please provide a URL link for a document lodged with ASX setting out the material terms of the +securities being
	issued.
For
Options Details
	+Security currency		Exercise price	Expiry date
	AUD - Australian Dollar		AUD 0.12000000	14/4/2026

Details of the existing class of +security that will be issued upon exercise or conversion of this new class of company option

Other

Notification of Issue, Conversion or Payment up of Unquoted

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

Description

		Each option is convertible to one Ordinary Share (ASX: LBT)
		Please provide a URL link for a document lodged with ASX detailing the terms of the +employee incentive scheme
only	or a summary of the terms
A summary of the Company's Employee Incentive Plan is provided in Appendix A of the 2020 AGM Notice of Meeting
lodged with the ASX on 22 October 2020.
		Any other information the entity wishes to provide about the +securities the subject of this notification
		Options issued to the Executive team as a long term incentive with similar share price hurdles to the Managing Director's
		LTI - to incentivise and retain key personnel. 100% of the Options vest on 14 January 2026 if the LBT share price is in
		excess of $0.343. If the LBT Share price at that date is $0.249, then 40% vest. In between those two hurdles, the
		number of options vesting increases on a linear basis. The LBT share price will be measured as a 15 day VWAP
use	immediately prior to 14 January 2026. The exercise price was set by reference to LBT's share price post the
announcement of the CCS acquisition on 29 December 2021 (rounded up). Options must be exercised within three
months of vesting. Options lapse upon cessation of employment.
	Issue details
personalFor	Number of +securities
		4,200,000

Notification of Issue, Conversion or Payment up of Unquoted

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