Notification of Issue, Conversion or Payment up of Unquoted Equity Securities
Announcement Summary
use only
Entity name
RED 5 LIMITED
Date of this announcement
Friday December 10, 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 |
REDAR | PERFORMANCE RIGHTS | 17,674,562 | 10/12/2021 |
For personal
Refer to next page for full details of the announcement
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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
RED 5 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 | 73068647610 | |
1.3 | ASX issuer code | |
RED |
- The announcement is New announcement
- Date of this announcement
10/12/2021
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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
REDAR : PERFORMANCE RIGHTS
Date the +securities the subject of this notification were issued
10/12/2021
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 | |
2,266,484 | |||
Mark Williams | Mark Williams | ||
1,373,626 | |||
Jason Greive | Jason Greive | ||
1,098,901 | |||
John Tasovac | John Tasovac | ||
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
The Long Term Incentive Plan (LTIP) performance rights are being issued pursuant to the Red 5 Rights Plan last approved by shareholders on 18 November 2020. Refer to notice of meeting at: https://www.asx.com.au/asxpdf/2020101 4/pdf/44np8qxmr08xkq.pdf
Any other information the entity wishes to provide about the +securities the subject of this notification
Each performance right entitles the holder to be issued with one ordinary fully paid share, for nil cash consideration, subject to the satisfaction of the following vesting conditions over the measurement period of 1 July 2021 to 30 June 2024:
- 70% of the performance rights based on Company Total Shareholder Return above the S&P/ASX All Ordinaries Gold Index Total Return; and
- 30% of the performance rights based on growth in the Company¿s Ore Reserves (excluding 50% of acquired Ore Reserves).
Other terms of the performance rights are contained in the notice of meeting and explanatory memorandum for the annual general meeting of shareholders of the Company held on 24 November 2021. Refer URL link: https://www.asx.com.au/as xpdf/20211020/pdf/451vybf9x4fkst.pdf
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Notification of Issue, Conversion or Payment up of Unquoted Equity Securities
Issue details
Number of +securities
17,674,562
For personal use only
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Disclaimer
Red 5 Limited published this content on 10 December 2021 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 10 December 2021 03:51:07 UTC.