Notification of Issue, Conversion or Payment up of Unquoted Equity SecuritiesAnnouncement Summary
Entity name
For personal use only
WEST AFRICAN RESOURCES LIMITED
Date of this announcement Wednesday April 06, 2022
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 |
WAFAA | PERFORMANCE RIGHTS | 569,639 | 06/04/2022 |
Refer to next page for full details of the announcementNotification of Issue, Conversion or Payment up of Unquoted Equity Securities
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Notification of Issue, Conversion or Payment up of Unquoted Equity SecuritiesPart 1 - Entity and announcement details
For personal use only
1.1 Name of entity
WEST AFRICAN RESOURCES 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 ACN
1.3 ASX issuer code WAF
1.4 The announcement isNew announcement
1.5 Date of this announcement 6/4/2022
Registration number 121539375
Notification of Issue, Conversion or Payment up of Unquoted Equity Securities
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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")
Notification of Issue, Conversion or Payment up of Unquoted Equity Securities
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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 WAFAA : PERFORMANCE RIGHTS
Date the +securities the subject of this notification were issued 6/4/2022
Will these +securities rank equally in all respects from their issue date with the existing issued +securities in that class
No
If some of the issued +securities do not rank equally:
Is the actual date from which the +securities will rank equally (non-ranking end date) known?
No
Provide the estimated non-ranking end period
The non-ranking end period of the issued Performance Rights will occur when they vest and are exercised. The last date for exercise of the Performance Rights is their expiry date.
Please state the extent to which the +securities do not rank equally:In relation to the next dividend, distribution or interest payment; orFor any other reason
The Performance Rights have expiry dates, vesting conditions and exercise prices different to other securities in the class.
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
Padraig O'Donoghue
Padraig O'Donoghue
273,289
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 securities are being issued under WAF's Incentive Options and Performance Rights Plan, which was approved at the 14 May 2021 AGM. Pages 19-23 of the AGM Notice provide a summary of the material terms of the Plan, a copy of which is available here:https://wcsecure.weblink.com.au/pdf/WAF/02363447.pdf .
Any other information the entity wishes to provide about the +securities the subject of this notification N/A
Notification of Issue, Conversion or Payment up of Unquoted Equity Securities
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Notification of Issue, Conversion or Payment up of Unquoted Equity Securities
Issue details
Number of +securities
569,639
For personal use only
Notification of Issue, Conversion or Payment up of Unquoted Equity Securities
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West African Resources Limited published this content on 06 April 2022 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 06 April 2022 07:21:05 UTC.