COCHLEAR LIMITED Rule 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 Cochlear LimitedABN 96 002 618 073
We (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 | Christopher Michael Smith |
Date of last notice | 5 November 2015 |
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 | Direct |
Nature of indirect interest (including registered holder) Note: Provide details of the circumstances giving rise to the relevant interest. | Not applicable |
Date of change | Change 1: 15 August 2016 Change 2: 15 August 2016 Change 3: 12 August 2016 Change 4: 11 August 2016 Change 5: 16 August 2016 |
No. of securities held prior to change |
|
Class |
|
Number acquired | Change 1: 12,098 shares Change 2: 2,587 shares Change 3: 1,199 shares |
Number disposed | Change 4: 10,788 shares Change 5: 5,384 shares |
Value/Consideration Note: If consideration is non-cash, provide details and estimated valuation | Change 1: 12,098 LTI Options exercised at $59.13 per share |
Change 2: 2,587 LTI Performance Rights at | |
nil exercise price | |
Change 3: 1,199 STI Performance Rights at | |
nil exercise price | |
Change 4: $135.3634 | |
Change 5: $138.3519 | |
No. of securities held after change |
|
Example: on-market trade, off-market trade, exercise of options, issue of securities under dividend reinvestment plan, participation in buy- back
Change 1, Change 2 and Change 3:
Mr Smith acquired a total of 15,884 shares through the exercise of 12,098 LTI Options, 2,587 LTI Performance Rights, and 1,199 STI Performance Rights under the Cochlear Executive Incentive Plan. Each LTI Option, LTI Performance Right and STI Performance Right entitles Mr Smith to subscribe for, be allocated or receive the transfer of, one fully paid ordinary share in Cochlear Limited.
Change 4 and Change 5: On-market trade
Part 2 - Change of director's interests in contracts
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 | Change 6: Mr Smith previously entered into a financing arrangement in relation to fully paid ordinary shares in Cochlear Limited. The transaction included put options exercisable in August and October 2016. The financing arrangement has been renewed in respect of 18,000 shares. As part of this financing arrangement, Mr Smith has acquired put options with the financier for the 18,000 shares which expire in August 2017. |
Nature of interest | Direct |
Name of registered holder (if issued securities) | Christopher Michael Smith |
Date of change | Change 6: 11 August 2016 |
No. and class of securities to which interest related prior to change Note: Details are only required for a contract in relation to which the interest has changed | 18,288 shares |
Interest acquired | Refer to "Detail of contract" |
Interest disposed | Not applicable |
Value/Consideration Note: If consideration is non-cash, provide details and an estimated valuation | A premium is payable to the financier for the transaction. |
Interest after change | Financing arrangements relating to 18,000 shares, including put options. |
Part 3 - +Closed period
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? | Not applicable |
If prior written clearance was provided, on what date was this provided? | Not applicable |
Cochlear Ltd. published this content on 18 August 2016 and is solely responsible for the information contained herein.
Distributed by Public, unedited and unaltered, on 18 August 2016 01:25:01 UTC.
Original documenthttp://coh.live.irmau.com/irm/PDF/1379/Appendix3YChrisSmith
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