Pilbara Minerals : Notification regarding unquoted securities - PLS

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

Announcement Summary

For personal use only

Entity name

PILBARA MINERALS LIMITED

Date of this announcement

Monday December 20, 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
New class - code	Share Rights granted pursuant to a shareholder	56,765	16/12/2021
to be confirmed	approved NED Fee Sacrifice Scheme

Refer to next page for full details of the announcement

Notification of Issue, Conversion or Payment up of Unquoted

1 / 7

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

PILBARA MINERALS 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	112425788
1.3	ASX issuer code
PLS

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

20/12/2021

Notification of Issue, Conversion or Payment up of Unquoted

2 / 7

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

3 / 7

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

use only

ASX +security code		+Security description
New class - code to be confirmed		Share Rights granted pursuant to a shareholder approved
		NED Fee Sacrifice Scheme
+Security type		ISIN code
Other

Date the +securities the subject of this notification were issued

16/12/2021

Will all the +securities issued in this class rank equally in all respects from their issue date? Yes

Were any of the +securities issued to +key management personnel (KMP) or an +associate? Yes

personal

Provide details of the KMP or +associates being issued +securities.

Name of KMP		Name of registered holder
Anthony Kiernan		Mr Anthony Kiernan
Nicholas Cernotta		MJBJ (WA) Pty Ltd
Stephen Scudamore		Stephen John Scudamore

Number of +securities

38,218

12,365

6,182

For

Please provide a URL link for a document lodged with ASX setting out the material terms of the +securities being issued.

Refer to Notice of Annual General Meeting released on 16 October 2020

https://cdn-api.markitdigital.com/apiman-gateway/ASX/asx-research/1.0/file/2924-02294754-6A1001485?access_token=8 3ff96335c2d45a094df02a206a39ff4

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

Refer to Notice of Annual General Meeting released on 16 October 2020

https://cdn-api.markitdigital.com/apiman-gateway/ASX/asx-research/1.0/file/2924-02294754-6A1001485?access_token=8 3ff96335c2d45a094df02a206a39ff4

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

Unlisted Share Rights issued to non-executive directors under the Company's NED Fee Sacrifice Scheme approved by shareholders in lieu of receiving an elected portion (up to 40%) of their annual fees for the period 1 Dec 2021-30 Nov 2022.

Notification of Issue, Conversion or Payment up of Unquoted

4 / 7

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

		Each Share Right converts to one fully paid ordinary share in the Company at no cost on the relevant Vesting Date
		(subject to the director remaining in office). Other than a service-based vesting condition, there are no performance
		conditions.
		The Share Rights will vest and automatically convert to shares in quarterly tranches on:
		Tranche 1- 28 February 2022
only	Tranche 2- 31 May 2022
Tranche 3- 31 August 2022
Tranche 4- 30 November 2022
		A disposal Restriction Period applies, starting on the grant date of the shares and ending on the earlier of: 18 months from
		the relevant grant date of the shares; and the date the NED ceases to be a director.
	Issue details
use	Number of +securities
56,765
For personal

Notification of Issue, Conversion or Payment up of Unquoted

5 / 7