Focus Minerals Ltd New issue announcement - Employee Option Issue
Fri, 1 Apr 2011 18:09:00 +1000 7 hours, 19 minutes ago
Appendix 3B New issue announcement Rule 2.7, 3.10.3, 3.10.4, 3.10.5 Appendix 3B New issue announcement, application for quotation of additional securities and agreement 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 1/7/96.
Origin: Appendix 5. Amended 1/7/98, 1/9/99, 1/7/2000, 30/9/2001, 11/3/2002. Name of entity Focus Minerals Ltd ABN 56 005 470 799 We (the entity) give ASX the following information.
Part 1 - All issues You must complete the relevant sections (attach sheets if there is not enough space). 1 +Class of +securities issued or to be issued Options to acquire ordinary shares 2 Number of +securities issued or to be issued (if known) or maximum number which may be issued 33,500,000 3 Principal terms of the +securities (eg, if options, exercise price and expiry date; if partly paid +securities, the amount outstanding and due dates for +convertible payment; if securities, the conversion price and dates for conversion) Option terms are: Exercise price – 12.3 cents per share Vesting period – 31 December 2012 Expiry date – 30 June 2014 + See chapter 19 for defined terms. 11/3/2002 Appendix 3B Page 1 Appendix 3B New issue announcement 4 Do the +securities rank equally in all respects from the date of allotment with an existing +class of quoted +securities? If the additional securities do not rank equally, please state:  the date from which they do  the extent to which they participate for the next dividend, (in the case of a trust, distribution) or interest payment  the extent to which they do not rank equally, other than in relation to the next dividend, distribution or interest payment 5 Issue price or consideration Options to vest to selected employees on 31 December 2012.
On vesting the options can be converted to fully paid shares at any time prior to expiry. On exercise of the options the Company will apply for the quotation of the shares. The options do not rank for dividend.
On exercise the ordinary shares will rank equally with issued ordinary shares. Options issued for nil consideration. 6 Purpose of the issue (If issued as consideration for the acquisition of assets, clearly identify those assets) Dates of entering +securities into uncertificated holdings or despatch of certificates Issued pursuant to the terms of the Employee Incentive Option .... |
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