Notification of Issue, Conversion or Payment up of Unquoted Equity Securities
Announcement Summary
For personal use only
Entity name
SWICK MINING SERVICES LTD
Date of this announcement
Wednesday November 10, 2021
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 | 1,922,672 | 10/11/2021 |
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
SWICK MINING SERVICES 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 | 20112917905 | |
1.3 | ASX issuer code | |
SWK |
- The announcement is New announcement
- Date of this announcement
10/11/2021
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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
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
10/11/2021
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 | |
Kent Swick | Kent Swick | |
Jitu Bhudia | Jitu Bhudia | |
Number of +securities
988,369
638,126
For
Please provide a URL link for a document lodged with ASX setting out the material terms of the +securities being issued.
Performance rights which vest on 30 June 2022 (being two years after the commencement of the measurement period) provided the holder is an employee of the Company as at the vesting date and the Company¿s VWAP share price in the 60 days up to 30 June 2022 is at or above a target share price of 30 cents per share. Refer to notice of meeting at: https:/ /www.asx.com.au/asxpdf/20211004/pdf/45181n1npw8qv4.pdf.
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
The performance rights are being issued pursuant to the Swick Performance Rights Plan last approved by shareholders
on 14 November 2014. Refer to notice of meeting at:https://www.asx.com.au/asxpdf/20141009/pdf/42sscsmtdmb64t.pdf
Any other information the entity wishes to provide about the +securities the subject of this notification
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Notification of Issue, Conversion or Payment up of Unquoted Equity Securities
Issue details
Number of +securities
1,922,672
For personal use only
Notification of Issue, Conversion or Payment up of Unquoted | 5 / 7 |
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Disclaimer
Swick Mining Services Ltd. published this content on 10 November 2021 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 10 November 2021 04:54:03 UTC.