PolarX : Notification regarding unquoted securities - PXX

Notification of Issue, Conversion or Payment up of Unquoted Equity Securities

Announcement Summary

For personal use only

Entity name

POLARX LIMITED

Date of this announcement

Tuesday December 21, 2021

The +securities the subject of this notification are:

Other

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	Unlisted options exercisable at $0.058 each on or	15,000,000	21/12/2021
to be confirmed	before 27 October 2025

Refer to next page for full details of the announcement

Notification of Issue, Conversion or Payment up of Unquoted

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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

POLARX 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
ACN	161615783
1.3	ASX issuer code
PXX

1. The announcement is New announcement
2. Date of this announcement

21/12/2021

Notification of Issue, Conversion or Payment up of Unquoted

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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

For personal use only

Please specify

Refer Appendix 3B dated 28 October 2021

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

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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

only	New +securities
ASX +security code			+Security description
	New class - code to be confirmed			Unlisted options exercisable at $0.058 each on or before 27
				October 2025
	+Security type			ISIN code
use	Options
Date the +securities the subject of this notification were issued
	21/12/2021
	Will all the +securities issued in this class rank equally in all respects from their issue date?
personal	Yes
Have you received confirmation from ASX that the terms of the +securities are appropriate and equitable under
	listing rule 6.1?
	No
	Please provide a URL link for a document lodged with ASX setting out the material terms of the +securities being
	issued.
	https://www.asx.com.au/asxpdf/20211110/pdf/452t91qyqlycsw.pdf
Options Details
	+Security currency	Exercise price		Expiry date
	AUD - Australian Dollar	AUD 0.05800000	27/10/2025
	Details of the existing class of +security that will be issued upon exercise or conversion of this new class of
For	company option
Other

Description

Each option will entitle its holder to subscribe for and be issued,one ordinary fully paid share (PXX)

Any other information the entity wishes to provide about the +securities the subject of this notification

N/A

Notification of Issue, Conversion or Payment up of Unquoted

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Notification of Issue, Conversion or Payment up of Unquoted Equity Securities

Please provide any further information needed to understand the circumstances in which you are notifying the issue of these +securities to ASX, including why the issue of the +securities has not been previously announced to the market in an Appendix 3B

Refer Appendix 3B dated 28 October 2021

	Issue details
only	Number of +securities
		15,000,000
		Were the +securities issued for a cash consideration?
use	No
Please describe the consideration being provided for the +securities
		Nil
		Purpose of the issue
		Other
personalFor	Additional Details
Incentive options issued under the Company's Long Term Incentive Plan

Notification of Issue, Conversion or Payment up of Unquoted

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