ASX Announcement and Media Release
26 March 2021
ASX Announcement and Media Release
Friday, 26 March 2021
Change of Directors Interest Notice
West Wits Mining (ASX: WWI, "West Wits" or "the Company") attaches Appendix 3Y (Change of Director Interest Notices) for two members of the West Wits Board. These Notices relate to on-market purchases by Mr Michael Quinert, Executive Chairman, as well as an on-market sale of shares by Mr Jac van Heerden, Managing Director, to satisfy tax liabilities.
Mr van Heerden has periodically agreed to receive shares in lieu of his normal salary. This was done by Mr van Heerden in order to assist the Company to preserve cash earmarked for project development. However, this receipt of non-cash salary resulted in a significant tax liability accruing to Mr van Heerden which became payable in recent weeks. The sale of shares was made by Mr van Heerden for the purpose of meeting these tax liabilities.
Mr van Heerden continues to hold a significant interest in the Company's shares and the Witwatersrand Basin Project ("WBP").
Mr van Heerden continues to demonstrate his full commitment to West Wits, driving the success of the WBP and Mt Cecelia Project, and is confident that the Company is close to being granted the official mining right at the WBP.
Authorised for release by the Company Secretary, Simon Whyte
For Further information please contact:
Ryan Batros Investor Relations ryan@alces.com.au +61 (0) 472 658 777
www.westwitsmining.com
page i
Appendix 3Y
Change of Director's Interest Notice
Rule 3.19A.2
Appendix 3Y
Change of Director's Interest Notice
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 | West Wits Mining Limited |
ABN | 124 894 060 |
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 | Michael Quinert |
Date of last notice | 12/01/2021 |
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 | Director Related Entity - Kastin Pty Ltd | |||||||||
(including registered holder) | ||||||||||
Note: Provide details of the circumstances giving | ||||||||||
rise to the relevant interest. | ||||||||||
Date of change | ||||||||||
1) | 19/03/2021 | |||||||||
2) | 22/03/2021 | |||||||||
No. of securities held prior to change | ||||||||||
Shares | Options | Performance | ||||||||
Rights | ||||||||||
Direct | 120 | - | - | |||||||
Indirect | 38,103,447 | 12,000,000 | 7,650,000 | |||||||
Total | 38,103,567 | 12,000,000 | 7,650,000 | |||||||
Class | Ordinary Shares | |||||||||
Number acquired | ||||||||||
1) | 50,000 | |||||||||
2) | 50,000 | |||||||||
Number disposed | ||||||||||
N/A | ||||||||||
- See chapter 19 for defined terms. 01/01/2011 Appendix 3Y Page 1
Appendix 3Y
Change of Director's Interest Notice
Value/Consideration | |||||||
Note: If consideration is non-cash, provide details | 1) | $3,750 | |||||
and estimated valuation | |||||||
2) | $3,750 | ||||||
No. of securities held after change | |||||||
Shares | Options | Performance | |||||
Rights | |||||||
Direct | 120 | - | - | ||||
Indirect | 38,203,447 | 12,000,000 | 7,650,000 | ||||
Total | 38,203,567 | 12,000,000 | 7,650,000 |
Nature of change
Example: on-market trade, off-market trade, On-markettrade exercise of options, issue of securities under
dividend reinvestment plan, participation in buy- back
Part 2 - Change of director's interests in contracts
Note: In the case of a company, interests which come within paragraph (ii) of the definition of "notifiable interest of a director" should be disclosed in this part.
Detail of contract | N/A |
Nature of interest | N/A |
Name of registered holder | N/A |
(if issued securities) | |
Date of change | N/A |
No. and class of securities to which | N/A |
interest related prior to change | |
Note: Details are only required for a contract in | |
relation to which the interest has changed | |
Interest acquired | N/A |
Interest disposed | N/A |
Value/Consideration | N/A |
Note: If consideration is non-cash, provide details | |
and an estimated valuation | |
Interest after change | N/A |
Part 3 - +Closed period
Were the interests in the securities or contracts detailed above traded during a +closed period where prior written clearance was NO required?
+ See chapter 19 for defined terms.
Appendix 3Y Page 2 | 01/01/2011 |
Appendix 3Y
Change of Director's Interest Notice
If so, was prior written clearance provided to allow the trade to | N/A |
proceed during this period? | |
If prior written clearance was provided, on what date was this | N/A |
provided? | |
- See chapter 19 for defined terms. 01/01/2011 Appendix 3Y Page 3
Appendix 3Y
Change of Director's Interest Notice
Rule 3.19A.2
Appendix 3Y
Change of Director's Interest Notice
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 | West Wits Mining Limited |
ABN | 89 124 894 060 |
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 | Jacobus van Heerden |
Date of last notice | 29/01/2021 |
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 | BNP PARIBAS NOMS PTY LTD - nominee entity | ||||
(including registered holder) | holding shares on behalf of the Director. | ||||
Note: Provide details of the circumstances giving | |||||
rise to the relevant interest. | |||||
Date of change | 19/03/2021 | ||||
No. of securities held prior to change | |||||
Shares | Performance | ||||
Rights | |||||
Direct | - | 5,300,000 | |||
Indirect | 9,766,594 | - | |||
Total | 9,766,594 | 5,300,000 | |||
INTEREST IN RELATED BODY CORPORATE | |||||
1% direct interest in subsidiary company, West Wits MLI | |||||
(Pty) Ltd | |||||
Class | Ordinary Shares | ||||
- See chapter 19 for defined terms. 01/01/2011 Appendix 3Y Page 1
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West Wits Mining Limited published this content on 26 March 2021 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 13 April 2021 17:29:01 UTC.