Perseus Mining : Notification regarding unquoted securities - PRU

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

Announcement Summary

use only

Entity name

PERSEUS MINING LIMITED

Date of this announcement

Friday November 26, 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
PRUAI	PERFORMANCE RIGHTS	658,695	25/11/2021

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

PERSEUS MINING 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	106808986
1.3	ASX issuer code
PRU

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

26/11/2021

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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")

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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

PRUAI : PERFORMANCE RIGHTS

Date the +securities the subject of this notification were issued

25/11/2021

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
			658,695
Jeff Quartermaine		Jeff Quartermaine

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://perseusmining.com/wp-content/uploads/2021/10/Perseus-Notice-of-AGM-2021-final-plus-proxy.pdf

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

The grant of these performance rights were approved by Shareholders at the AGM held on 25 November 2021.

127,076 Performance Rights are issued to Company executives to cover the deferred consideration component of their STI for financial year 2021. Each performance right will convert to an ordinary share upon satisfaction of vesting criteria (principally being employed for the period from 1 July 2021 until 30 June 2022), subject to the terms and conditions of the Company's Performance Rights Plan approved by shareholders in November 2020.

531,619 Performance Rights LTI. Each performance right will convert to an ordinary share upon satisfaction of vesting criteria (principally comparison of total shareholder return against a peer group during the period commencing 1 July 2021 and ending 30 June 2024), subject to the terms and conditions of the Company's Performance Rights Plan approved by shareholders in November 2020

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

Issue details

Number of +securities

658,695

For personal use only

Notification of Issue, Conversion or Payment up of Unquoted

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