Ap p e n d i x 3 Y Ch a n g e of D i r e c t or ' s I n t e r e s t N ot i c e
Appendix 3Y Change of Director's Interest NoticeRule 3.19A.2
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 30/09/01 Amended 01/01/11
Name of entity Adslot Ltd ABN 70 001 287 510We (the entity) give ASX the following information under listing rule 3.19A.2 and as agent for the director for the purposes of section 205G of the Corporations Act.
Name of Director | Mr Ian Lowe |
Date of last notice | 8 October 2012 |
In the case of a trust, this includes interests in the trust made available by the responsible entity of the trust
Note: In the case of a company, interests which come within paragraph (i) of the definition of "notifiable interest of a director" should be disclosed in this part.
Direct or indirect interest | (a) Direct; and (b) Indirect |
Nature of indirect interest (including registered holder) Note: Provide details of the circumstances giving rise to the relevant interest. | (b) Ansearch Com Au Pty Ltd as trustee for the Adslot Employee Share Trust |
Date of change | Change #2 occurred on 23 December 2013 Changes # 1 and #3 occurred on 24 December 2013 |
No. of securities held prior to change | (a) None (b) None |
Class | (a) Fully paid Ordinary (b) Fully paid Ordinary |
Number acquired | 1) 1,500,000 (direct) 2) 8,461,929 (direct) 3) 3,000,000 (indirect) |
Number disposed | None |
Value/Consideration Note: If consideration is non-cash, provide details and estimated valuation | 1) No consideration paid 2) Consideration of 6,958,823 Facilitate Digital Holdings Ltd shares under that Scheme of Arrangement 3) No consideration paid |
+ See chapter 19 for defined terms.
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No. of securities held after change | (a) 9,961,929 fully paid Ordinary (b) 3,000,000 fully paid Ordinary |
Nature of change Example: on-market trade, off-market trade, exercise of options, issue of securities under dividend reinvestment plan, participation in buy-back | 1) Mr Lowe exercised his right to receive his 1,500,000 Sign On Shares, which were provided under his Employment Agreement. 2) Shares issued pursuant to the Facilitate Digital Holdings Limited Scheme of Arrangement as Scheme Consideration for Mr Lowe's Facilitate shares 3) Mr Lowe exercised his right to have allocated to the Adslot Employee Share Trust a Long Term Incentive allocation of 3,000,000 shares which are held by the Trust for 2 years and are subject to Mr Lowe remaining an employee of Adslot Ltd. |
Note: In the case of a company, interests which come within paragraph (ii) of the definition of "notifiable interest of a director" should be disclosed in this part.
Detail of contract | Employment Agreement |
Nature of interest | Sign on Shares Mr Lowe has been allocated the right to be provided with 3,000,000 shares at no consideration, 50% of which become exercisable after a period of 12 months from commencement, and the remaining 50% become exercisable after a period of 24 months from commencement. Mr Lowe is required to remain an employee of the Company to be allocated any shares under this provision. Long Term Incentive Upon commencement Mr Lowe will be granted the right to receive the following shares after the share price of the Company trades above a 30 day VWAP as per the following table: Mr Lowe is required to remain an employee of the Company to be allocated any shares under this provision. |
Name of registered holder (if issued securities) | |
Date of change | 24 December 2013 |
+ See chapter 19 for defined terms.
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Ap p e n d i x 3 Y Ch a n g e of D i r e c t or ' s I n t e r e s t N ot i c e
Were the interests in the securities or contracts detailed above traded during a +closed period where prior written clearance was required? | No |
If so, was prior written clearance provided to allow the trade to proceed during this period? | - |
If prior written clearance was provided, on what date was this provided? | - |
+ See chapter 19 for defined terms.
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