Microsoft Word - 160715 - Appendix 3B - Issue of Shares.doc

ASX Announcement

15th July 2016

MMA Offshore Limited - Cancellation of Performance Rights

The Listing Manager

Australian Securities Exchange Ltd Level 4, Stock Exchange Centre 20 Bridge Street

SYDNEY NSW 2000

Dear Sir/Madam,

Cancellation of Performance Rights

Please find attached an Appendix 3B in relation to cancellation of 2,794,897 Employee Performance Rights which have lapsed and/or been cancelled in accordance with the terms of the relevant Performance Rights Plan Rules.

Details of the Performance Rights which have lapsed and/or been cancelled are as follows:

Description

No. Rights Cancelled

Employee Performance Rights 2012 (deferred)(expiry 01.07.16)

480,318

Employee Performance Rights 2013 (expiry 01.07.16)

1,499,173

Employee Performance Rights 2014 (expiry 01.07.17)

111,514

Employee Performance Rights 2015 (expiry 01.07.18)

703,892

Total

2,794,897

Kind regards,

MMA OFFSHORE LIMITED Dylan Roberts

Company Secretary

MMA Offshore Limited ABN 21 083 185 693 Endeavour Shed, 1 Mews Road Fremantle WA 6160

PO Box 715 South Fremantle WA 6162 T +61 8 9431 7431 F +61 8 9431 7432

A PERFECT DAY EVERY DAY

www.mmaoffshore.com

Appendix 3B New issue announcement Appendix 3B

Rule 2.7, 3.10.3, 3.10.4, 3.10.5

New issue announcement, application for quotation of additional securities and agreement

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 01/07/96 Origin: Appendix 5 Amended 01/07/98, 01/09/99, 01/07/00, 30/09/01, 11/03/02, 01/01/03, 24/10/05, 01/08/12

Name of entity

MMA Offshore Limited

ABN

21 083 185 693

We (the entity) give ASX the following information.

Part 1 - All issues

You must complete the relevant sections (attach sheets if there is not enough space).

Cancellation of Performance Rights

1 +Class of +securities issued or to be issued

This Appendix 3B is in relation to the cancellation of Performance Rights (see Box 9 below)

  1. Number of +securities issued or to be issued (if known) or maximum number which may be issued

    Performance Rights issued pursuant to the terms of the MMA Offshore Limited Performance Rights Plan Rules on terms previously advised

  2. Principal terms of the

    +securities (eg, if options, exercise price and expiry date; if partly paid +securities, the amount outstanding and due dates for payment; if

    +convertible securities, the conversion price and dates for conversion)

    + See chapter 19 for defined terms.

    01/08/2012 Appendix 3B Page 1

    Appendix 3B New issue announcement

    Any shares issued and allotted on vesting of the Performance Rights rank equally with all existing quoted fully paid ordinary shares on issue.

  3. Do the +securities rank equally in all respects from the date of allotment with an existing +class of quoted +securities?

    If the additional securities do not rank equally, please state:

    • the date from which they do

    • the extent to which they participate for the next dividend, (in the case of a trust, distribution) or interest payment

    • the extent to which they do not rank equally, other than in relation to the next dividend, distribution or interest payment

      Nil

  4. Issue price or consideration

    The Performance Rights were issued under the terms of various MMA Offshore Limited Performance Rights Plans - being the long‐ term incentive component of the remuneration for eligible employees

  5. Purpose of the issue

    (If issued as consideration for the acquisition of assets, clearly identify those assets)

    Not applicable

    6a Is the entity an +eligible entity that has obtained security holder approval under rule 7.1A?

    If Yes, complete sections 6b - 6h in relation to the +securities the subject of this Appendix 3B, and comply with section 6i

    Not applicable

    6b The date the security holder resolution under rule 7.1A was passed

    Not applicable

    6c Number of +securities issued without security holder approval under rule 7.1

    + See chapter 19 for defined terms.

    Appendix 3B Page 2 01/08/2012

    Not applicable

    6d Number of +securities issued with security holder approval under rule 7.1A

    Appendix 3B New issue announcement

    Not applicable

    6e Number of +securities issued with security holder approval under rule 7.3, or another specific security holder approval (specify date of meeting)

    Not applicable

    6f Number of securities issued under an exception in rule 7.2

    Not applicable

    6g If securities issued under rule 7.1A, was issue price at least 75% of 15 day VWAP as calculated under rule 7.1A.3? Include the issue date and both values. Include the source of the VWAP calculation.

    Not applicable

    6h If securities were issued under rule 7.1A for non‐cash consideration, state date on which valuation of consideration was released to ASX Market Announcements

    Not applicable

    6i Calculate the entity's remaining issue capacity under rule 7.1 and rule 7.1A - complete Annexure 1 and release to ASX Market Announcements

    Performance Rights cancelled on 14th July 2016

  6. Dates of entering +securities into uncertificated holdings or despatch of certificates

    Number

    +Class

    373,076,993

    Fully paid ordinary shares

  7. Number and +class of all

+securities quoted on ASX (including the securities in section 2 if applicable)

+ See chapter 19 for defined terms.

01/08/2012 Appendix 3B Page 3

MMA Offshore Limited published this content on 30 June 2016 and is solely responsible for the information contained herein.
Distributed by Public, unedited and unaltered, on 15 July 2016 03:38:03 UTC.

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