Announcement Summary
Entity name
PACIFIC AMERICAN HOLDINGS LIMITED
Date of this announcement Wednesday April 06, 2022
The +securities the subject of this notification are:Other
Total number of +securities to be issued/transferredASX +securityTotal number of +securities to be
code | Security description | issued/transferred | Issue date |
New class - code | The issue of 5m unlisted options exerciseable at | 5,000,000 | 01/04/2022 |
to be confirmed | A$0.018 and expiring on 31 March 2025. |
Refer to next page for full details of the announcementPart 1 - Entity and announcement details
1.1 Name of entity
PACIFIC AMERICAN HOLDINGS LIMITED
We (the entity named above) give notice of the issue, conversion or payment up of the following unquoted +securities.
1.2 Registered number type ABN
1.3 ASX issuer code PAK
1.4 The announcement isNew announcement
1.5 Date of this announcement 6/4/2022
Registration number 83127131604
Part 2 - Issue details
2.1 The +securities the subject of this notification are:
Other
Please specify
The issue of 5m unlisted options exercisable at A$0.018 and expire 31 March 2025.
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")
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
onlyFor personal use
New +securitiesASX +security code
New class - code to be confirmed
+Security type Options
Date the +securities the subject of this notification were issued 1/4/2022
Will all the +securities issued in this class rank equally in all respects from their issue date?
Yes
Have you received confirmation from ASX that the terms of the +securities are appropriate and equitable under listing rule 6.1?
No
Please provide a URL link for a document lodged with ASX setting out the material terms of the +securities being issued.
Options Details
+Security description
ISIN code
+Security currency | Exercise price | Expiry date |
AUD - Australian Dollar | AUD 0.01800000 | 31/3/2025 |
Details of the existing class of +security that will be issued upon exercise or conversion of this new class of company option
Other
Description
PAK fully paid ordinary shares
Any other information the entity wishes to provide about the +securities the subject of this notification
The Options shall vest in two equal instalments with 2,500,000 unlisted options vesting immediately, and 2,500,000 unlisted options vesting in 12 months subject to vesting conditions. The options are part of a consulting agreement
Please provide any further information needed to understand the circumstances in which you are notifying the issue of these +securities to ASX, including why the issue of the +securities has not been previously announced to the market in an Appendix 3B
the market in an Appendix 3B
As part of a consulting agreement which was announced earlier today.
Issue details
Number of +securities
5,000,000
Were the +securities issued for a cash consideration?
No
Please describe the consideration being provided for the +securities As part of a consulting agreement
Purpose of the issue
To pay for services rendered
Additional Details
As part of a consulting agreement
This is an excerpt of the original content. To continue reading it, access the original document here.
Attachments
- Original Link
- Original Document
- Permalink
Disclaimer
Pacific American Holdings Ltd. published this content on 06 April 2022 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 06 April 2022 23:12:09 UTC.