For Immediate Release - 4 July 2016
Ref. #044/16
ASX Ltd
Companies Announcement Office Electronic Lodgement System
Dear Sir,
LAPSE OF EXECUTIVE INCENTIVE RIGHTSBeach Energy advises that certain executive incentive rights detailed below have lapsed pursuant to their terms of issue without exercise:
2013 LTI - 189,792 LTI performance rights issued on 2 December 2013;
2014 LTI - 256,632 LTI performance rights issued on 1 December 2014; and
2015 LTI - 503,037 LTI performance rights issued on 1 December 2015.
The issued capital following the lapse of the executive incentive rights is set out below:
1,860,782,112 | Fully Paid Ordinary Shares |
2013 Rights: 541,670 2014 Rights: 1,165,588 2015 Rights: 3,100,127 CEO Rights: 565,956 CEO Rights: 414,547 | Unlisted Rights Unlisted Rights Unlisted Rights Unlisted Rights Unlisted Rights |
Yours faithfully,
Cathy Oster Page 1Company Secretary
Beach Energy Limited published this content on 04 July 2016 and is solely responsible for the information contained herein.
Distributed by Public, unedited and unaltered, on 04 July 2016 02:00:05 UTC.
Original documenthttp://www.beachenergy.com.au/irm/PDF/6123/LapseofExecutiveIncentiveRights
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