SIERRA MINING LIMITED 
By ANNOUNCEMENT TO THE AUSTRALIAN SECURITIES EXCHANGE: 2 JULY 2013
OPTION EXPIRY
Sierra Mining Limited ("Sierra" or the "Company") advises that 3,583,333 unlisted $0.15 incentive options in favour of the Managing Director and Company Secretary expired on 1 July
2013.
The Company intends to replace its existing incentive option scheme with a Performance Rights Plan and the Managing Director and Company Secretary will participate in the scheme on an equivalent basis to the expired options. The Company will seek Shareholder approval for the scheme and the Managing Director's entitlement in due course.
An Appendix 3Y for Mr Syme is attached.
Appendix 3Y Change of Director's Interest Notice
Appendix 3Y Change of Director's Interest NoticeRule 3.19A.2
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 SIERRA MINING LIMITED
ABN 89 118 060 441
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 | Matthew Syme |
Date of last notice | 11 January 2011 |
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 | Indirect |
Nature of indirect interest (including registered holder) Note: Provide details of the circumstances giving rise to the relevant interest. | Mr Syme is a Director and Shareholder of Hopetoun Consulting Pty Ltd |
Date of change | 1 July 2013 |
No. of securities held prior to change Mr Matthew Syme: Hopetoun Consulting Pty Ltd: | 45,833Ordinary Fully Paid Shares 4,166 Listed Options exercisable at $0.10 each and expiring 31 December 2014 11,523,100 Ordinary Fully Paid Shares 5,179,450 Listed Options exercisable at $0.10 each and expiring 31 December 2014 3,333,333 Incentive Options exercisable at $0.15 each and expiring 1 July 2013 3,333,333 Incentive Options exercisable at $0.20 each and expiring 1 July 2014 3,333,334 Incentive Options exercisable at $0.25 each and expiring 1 July 2015 |
+ See chapter 19 for defined terms.
01/01/2011 Appendix 3Y Page 1
Appendix 3Y
Change of Director's Interest Notice
Class | Incentive Options exercisable at $0.15 each and expiring 1 July 2013 | |||||||||||||||||||||||||||||
Number acquired | Nil | |||||||||||||||||||||||||||||
Number disposed | 3,333,333 | |||||||||||||||||||||||||||||
Value/Consideration Note: If consideration is non Share
© Publicnow - 2013
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