Notification of Issue, Conversion or Payment up of Unquoted Equity Securities
Announcement Summary
Entity name
WOODSIDE ENERGY GROUP LTD
Date of this announcement
Tuesday July 05, 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 |
WDSAF | SWEP EQUITY RIGHTS | 27,473 | 30/06/2022 |
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
1.1 Name of entity
WOODSIDE ENERGY GROUP LTD
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 | 55004898962 | |
1.3 | ASX issuer code | |
WDS |
- The announcement is New announcement
- Date of this announcement
5/7/2022
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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
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
ASX +security code and description
WDSAF : SWEP EQUITY RIGHTS
Date the +securities the subject of this notification were issued
30/6/2022
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 | |
27,473 | |||
Shiva McMahon | Shiva McMahon | ||
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
Equity Rights (ERs) under the Supplementary Woodside Equity Plan (SWEP), each being an entitlement to receive one fully paid ordinary share in Woodside (ASX: WDS) at the end of a vesting period, subject to meeting vesting conditions. No amount is payable on vesting of the ERs. The key terms of the SWEP ERs generally mirror the terms in Woodside's Annual Report, available here: https://cdn-api.markitdigital.com/apiman-gateway/ASX/asx-research/1.0/file/2924-02487794-6A1077549?access_token=83ff96335c2d45a094df02a206a39ff4. See the remuneration report on pages 69 to 93 and Note E.2 in the notes to financial statements. However, see below for the applicable cessation of employment treatment.
Any other information the entity wishes to provide about the +securities the subject of this notification
This SWEP award is part of the transition arrangements for former BHP Petroleum employees. Unvested SWEP ERs will vest on a pro-rata basis in the following circumstances: redundancy, death, termination due to medical illness or incapacity or total and permanent disablement of the participant. For cessation in other circumstances (and other than resignation and termination for cause), Woodside's CEO (or Committee of the Board, as applicable) has discretion to permit pro-rata vesting.
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Notification of Issue, Conversion or Payment up of Unquoted Equity Securities
Issue details
Number of +securities
27,473
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Woodside Energy Group Ltd. published this content on 05 July 2022 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 05 July 2022 05:42:01 UTC.