Notification of Issue, Conversion or Payment up of Unquoted Equity Securities
Announcement Summary
For personal use only
Entity name
ORCODA LIMITED
Date of this announcement
Thursday February 03, 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 |
New class - code | Performance Rights | 7,400,000 | 03/02/2022 |
to be confirmed |
Refer to next page for full details of the announcement
Notification of Issue, Conversion or Payment up of Unquoted | 1 / 7 |
Notification of Issue, Conversion or Payment up of Unquoted Equity Securities
Part 1 - Entity and announcement details
For personal use only
1.1 Name of entity
ORCODA 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 | Registration number |
ABN | 86009065650 | |
1.3 | ASX issuer code | |
ODA |
- The announcement is New announcement
- Date of this announcement
3/2/2022
Notification of Issue, Conversion or Payment up of Unquoted | 2 / 7 |
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:
does not have an existing ASX security code ("new class")
Notification of Issue, Conversion or Payment up of Unquoted | 3 / 7 |
Notification of Issue, Conversion or Payment up of Unquoted Equity Securities
Part 3C - number and type of +securities the subject of this notification (new class) where issue has not previously been notified to ASX in an Appendix 3B
use only
ASX +security code | +Security description | |
New class - code to be confirmed | Performance Rights | |
+Security type | ISIN code | |
Other |
Date the +securities the subject of this notification were issued
3/2/2022
Will all the +securities issued in this class rank equally in all respects from their issue date? Yes
Were any of the +securities issued to +key management personnel (KMP) or an +associate? Yes
personal
Provide details of the KMP or +associates being issued +securities.
Name of KMP | Name of registered holder | |
Nicholas Johansen | Nicholas Johansen | |
Geoffrey Jamieson | Geoffrey Jamieson | |
Geoffrey Williams | Geoffrey Williams | |
Brendan Mason | Brendan Mason | |
Stephen Pronk | Stephen Pronk | |
Number of +securities
1,000,000
3,300,000
2,100,000
500,000
500,000
For
Please provide a URL link for a document lodged with ASX setting out the material terms of the +securities being issued.
https://cdn-api.markitdigital.com/apiman-gateway/ASX/asx-research/1.0/file/2924-02477992-6A1073301?access_token=8 3ff96335c2d45a094df02a206a39ff4
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
https://cdn-api.markitdigital.com/apiman-gateway/ASX/asx-research/1.0/file/2924-02446022-6A1060457?access_token=8 3ff96335c2d45a094df02a206a39ff4
Notification of Issue, Conversion or Payment up of Unquoted | 4 / 7 |
Notification of Issue, Conversion or Payment up of Unquoted Equity Securities
Any other information the entity wishes to provide about the +securities the subject of this notification
The major terms of the issue are as follows: | |||
a. 18-month vesting period (this period is shortened if at any time in the 18 months a takeover offer for the Company is | |||
approved by shareholders), with conversion period being any time up to 3 years from the date of grant of the Performance | |||
Rights; and | |||
b. The price for conversion of the Performance Rights is fixed at $0.158 (being 30-day VWAP preceding 1 January 2022. | |||
c. The conversion at the holder's right, on a 1:1 ratio of Performance Right to fully paid ordinary share. | |||
Issue details | |||
only | Number of +securities | ||
use | 7,400,000 | ||
For personal |
Notification of Issue, Conversion or Payment up of Unquoted | 5 / 7 |
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Orcoda Ltd. published this content on 03 February 2022 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 03 February 2022 02:48:05 UTC.