West Wits Mining : Change of Director's Interest Notices x 5
01/14/2022 | 01:02am EDT
For personal use only
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
Michael Quinert
Date of last notice
31 December 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
Direct and 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
14/01/2022
No. of securities held prior to change
Shares
Options
Performance
Rights
Direct
1,458,474
-
-
Indirect
39,940,114
12,000,000
6,750,000
Total
41,398,588
12,000,000
6,750,000
Class
•
Fully paid ordinary shares (WWI)
•
Unlisted options
o
$0.1
exercise
price,
vest
01/07/2022,
expire
01/07,2024 (Class A Options)
o
$0.15
exercise
price,
vest
01/07/2023,
expire
01/07/2025 (Class B Options)
o
$0.25
exercise
price,
vest
01/07/2024,
expire
01/07/2026 (Class C Options)
•
Performance rights
+ See chapter 19 for defined terms.
01/01/2011
Appendix 3Y Page 1
For personal use only
Appendix 3Y
Change of Director's Interest Notice
Number acquired
Shares
Options
Performance
Rights
Direct
-
-
-
Indirect
1,800,000
3,750,000
-
Total
1,800,000
3,750,000 *
-
*1,250,000 of each of the Class A, B and C Options
Number disposed
Shares
Options
Performance
Rights
Direct
-
-
-
Indirect
-
-
2,550,000
Total
-
-
2,550,000*
*1,800,000 converted, 750,000 lapsed
Value/Consideration
Nil:
Note: If consideration is non-cash, provide details and estimated
•
Shares issued on conversion of performance rights on
valuation
satisfaction of applicable milestone, estimated value
of $0.036 per share based on closing price on
13/01/2022.
•
Options issued as Director remuneration pursuant to
shareholders approval obtained at 2021 AGM,
estimated value per option as follows per Notice of
Meeting sent to shareholders:
o Class A Options: $0.02348
o Class B Options: $0.02542
o Class C Options: $0.02633
•
Lapse of performance rights for which conversion
condition is not able to be satisfied.
No. of securities held after change
Shares
Options
Performance
Rights
Direct
1,458,474
-
-
Indirect
41,740,114
15,750,000
4,200,000
Total
43,198,588
15,750,000
4,200,000
Nature of change
•
Shares issued on conversion of performance rights on
Example: on-market trade, off-market trade, exercise of options,
satisfaction of applicable milestone.
issue of securities under dividend reinvestment plan, participation
•
Options issued under ESOP pursuant to shareholders
in buy-back
approval obtained at 2021 AGM.
•
Lapse of performance rights for which conversion
condition is not able to be satisfied.
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
+ See chapter 19 for defined terms.
Appendix 3Y Page 2
01/01/2011
Appendix 3Y
Change of Director's Interest Notice
Nature of interest
N/A
only
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
use
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
personalFor
Interest after change
N/A
Part 3 - +Closed period
Were the interests in the securities or contracts detailed
No
above traded during a +closed period where prior written
clearance was required?
If so, was prior written clearance provided to allow the
N/A
trade to proceed during this period?
If prior written clearance was provided, on what date was
N/A
this provided?
+ See chapter 19 for defined terms.
01/01/2011
Appendix 3Y Page 3
For personal use only
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
15 July 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
Direct and indirect
Nature of indirect interest
BNP PARIBAS NOMS PTY LTD - nominee entity holding
(including registered holder)
shares on behalf of the Director.
Note: Provide details of the circumstances giving rise
to the relevant interest.
Date of change
14/01/2022
No. of securities held prior to
change
Shares
Options
Performance
Rights
Direct
-
-
4,500,000
Indirect
7,465,311
-
-
Total
7,465,311
-
4,500,000
INTEREST IN RELATED BODY CORPORATE
1% direct interest in subsidiary, West Wits MLI (Pty) Ltd
Class
•
Fully paid ordinary shares (WWI)
•
Unlisted options
o $0.1 exercise price, vest 01/07/2022, expire
01/07,2024 (Class A Options)
o $0.15 exercise price, vest 01/07/2023, expire
01/07/2025 (Class B Options)
o $0.25 exercise price, vest 01/07/2024, expire
01/07/2026 (Class C Options)
•
Performance rights
+ See chapter 19 for defined terms.
01/01/2011
Appendix 3Y Page 1
Appendix 3Y
Change of Director's Interest Notice
Number acquired
Shares
Options
Performance
only
Rights
Direct
1,000,000
5,025,000
-
Indirect
-
-
-
Total
1,000,000
5,025,000
-
*1,675,000 of each of the Class A, B and C Options
Number disposed
Shares
Options
Performance
Rights
Direct
-
-
1,500,000
use
Indirect
-
-
-
Total
-
-
1,500,000*
* 1,000,000 converted, 500,000 lapsed
Value/Consideration
Nil:
Note: If consideration is non-cash, provide details
•
Shares
issued on conversion of performance rights on
and estimated valuation
satisfaction of applicable milestone, estimated value of
$0.036 per share based on closing price on 13/01/2022.
•
Options issued as Director remuneration pursuant to
personal
shareholders approval obtained at 2021 AGM, estimated
value per option as follows per Notice of Meeting sent to
shareholders:
o Class A Options: $0.02348
o Class B Options: $0.02542
o Class C Options: $0.02633
•
Lapse
of performance rights for which conversion
condition is not able to be satisfied.
No. of securities held after change
Shares
Options
Performance
Rights
Direct
1,000,000
5,025,000
3,000,000
Indirect
7,465,311
-
-
Total
8,465,311
5,025,000
3,000,000
INTEREST IN RELATED BODY CORPORATE
1% direct interest in subsidiary company, West Wits MLI (Pty) Ltd
West Wits Mining Limited published this content on 14 January 2022 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 14 January 2022 06:01:00 UTC.
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