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ASX ANNOUNCEMENT
16 December 2019
ASX Market Announcements Office
ASX Limited
20 Bridge Street
SYDNEY NSW 2000
Dear Sir / Madam
Pacific Current Group Limited (ASX Code: PAC) (Pacific Current or the Company)
RE: LATE LODGEMENT OF APPENDIX 3Y - CHANGE OF DIRECTOR'S INTEREST NOTICE
Dear Sir/Madam
Please find attached is an Appendix 3Y Change of Director's Interest Notice for Mr. Paul Greenwood.
For the purposes of Listing Rule 18.7, Pacific Current provides the following information:
- The Appendix 3Y was lodged late due to an administrative oversight by the Company. As soon as the oversight was identified, the attached Appendix 3Y was lodged with the ASX.
- Pacific Current has the following arrangements in place under listing rule 3.19B with its directors to ensure that it is able to meet its disclosure obligations under listing rule 3.19A:
- the Company and its directors are aware of their obligations under the listing rules including listing rules 3.19A and 3.19B; and
- in accordance with listing rule 3.19B and Guidance Note 22, Pacific Current has entered into Disclosure of Director's Interests Agreements with each of its directors when they are appointed to the Pacific Current Board, which are regularly reviewed and formally updated at each meeting of the Board.
- Pacific Current confirms that following this incident, the Company has reviewed its processes and believes that its disclosure arrangements are adequate and are being enforced and that this was an isolated incident which does not involve any substantive breach of the ASX Listing Rules.
Yours faithfully
Phil Mackey
Company Secretary
Pacific Current Group Limited (ABN 39 006 708 792)
Level 29, 259 George Street, Sydney NSW 2000 Australia
www.paccurrent.com
Tel: +61 2 8243 0400 // Fax: +61 2 8243 0410
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 Pacific Current Group Limited
ABN | 39 006 708 792 |
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 | Paul Greenwood |
Date of last notice | 4 September 2019 |
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 | 1) | 26 November 2019 |
2) | 27 November 2019 | |
3) | 28 November 2019 | |
4) | 29 November 2019 | |
No. of securities held prior to change | 531,781 ordinary shares | |
250,000 performance rights with a | ||
vesting date of 1 July 2020 | ||
1,250,000 performance rights with a | ||
vesting date of 30 June 2021 | ||
1,250,000 performance rights with a | ||
vesting date of 30 June 2022 | ||
Class | Ordinary Shares | |
Number acquired | 1) | 23,604 |
2) | 32,540 | |
3) | 25,667 | |
4) | 20,689 | |
102,500 | ||
- See chapter 19 for defined terms. 01/01/2011 Appendix 3Y Page 1
Appendix 3Y
Change of Director's Interest Notice
Number disposed | Nil | |
Value/Consideration | 1) | $158,336.65 |
Note: If consideration is non-cash, provide details and estimated | 2) | $216,981.90 |
valuation | ||
3) | $172,509.90 | |
4) | $138,646.15 | |
$686,474,60 | ||
No. of securities held after change | 634,281 ordinary shares | |
250,000 performance rights with a | ||
vesting date of 1 July 2020 | ||
1,250,000 performance rights with a | ||
vesting date of 30 June 2021 | ||
1,250,000 performance rights with a | ||
vesting date of 30 June 2022 | ||
Nature of change | 102,500 shares purchased to satisfy vested | |
Example: on-market trade, off-market trade, exercise of options, | performance rights | |
issue of securities under dividend reinvestment plan, participation in | ||
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 | Not applicable |
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 | |
Interest disposed | |
Value/Consideration | |
Note: If consideration is non-cash, provide details and an estimated | |
valuation | |
Interest after change | |
+ See chapter 19 for defined terms.
Appendix 3Y Page 2 | 01/01/2011 |
Appendix 3Y | |||
Change of Director's Interest Notice | |||
Part 3 - +Closed period | |||
Were the interests in the securities or contracts | Not applicable | ||
detailed above traded during a +closed period where | |||
prior written clearance was required? | |||
If so, was prior written clearance provided to allow | |||
the trade to proceed during this period? | |||
If prior written clearance was provided, on what date | |||
was this provided? | |||
- See chapter 19 for defined terms. 01/01/2011 Appendix 3Y Page 3
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Disclaimer
Pacific Current Group Ltd. published this content on 16 December 2019 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 16 December 2019 01:50:05 UTC