Appendix 3X
Initial Director’s Interest NoticeAppendix 3X
Initial Director’s Interest Notice
Rule 3.19A.1
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 30/9/2001.
Name of Entity | NEWLAND RESOURCES LIMITED |
ABN: | 13 009 092 068 |
We (the entity) give ASX the following information under listing rule 3.19A.1 and as agent for the director for the purposes of section 205G of the Corporations Act.
Name of Director | GAVIN PETER MAY |
Date of appointment | 23 MAY 2011 |
Part 1 - Director’s relevant interests in securities of which the director is the registered
holderIn the case of a trust, this includes interests in the trust made available by the responsible entity of the t rust
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.
Number & class of securities
Nil
Part 2 – Director’s relevant interests in securities of which the director is not the registered holder
In the case of a trust, this includes interests in the trust made available by the responsible entity of the trust
Name of holder & nature of interest
Note: Provide details of the circumstances giving rise to
the relevant interest.
Number & class of Securities
Nil
+ See chapter 19 for defined terms.
11/3/2002 Appendix 3X Page 1
Appendix 3X
Initial Director’s Interest Notice Part 3 – Director’s interests in contractsNote: 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 | Executive Service Agreement (Managing Director) |
Nature of interest | Appointed as Managing Director |
Name of registered holder (if issued securities) | Gavin May or nominee |
No. and class of securities to which interest relates | As disclosed in the announcement dated 23 May 2011, subject to Shareholder approval at General Meeting, Mr May will be granted: ten million options issued free with an expiry date that is three years from the date of issue and are exercisable at a 50% premium to the VWAP of Newland shares in the last five trading days on which there were sales prior to the date of issue, and only vest 12 months from 23 May 2012; and ten million options issued free with an expiry date that is three years from the date of issue and are exercisable at a 100% premium to the VWAP of Newland shares in the last five trading days on which there were sales prior to the date of issue, and only vest 24 months from 23 May 2013. Unvested options lapse on cessation of employment. |
+ See chapter 19 for defined terms.
Appendix 3X Page 2 11/3/2002