FUTURE BATTERY MINERALS LIMITED Rule 3.19A.2
Appendix 3Y
Change of Director's Interest Notice
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 Auroch Minerals Limited
ABN
91 148 966 545
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 | Michael Edwards |
Date of last notice | 11 January 2022 |
Part 1 - Change of director's relevant interests in securities
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 | Indirect |
Nature of indirect interest (including registered holder) Note: Provide details of the circumstances giving rise to the relevant interest. | Shadwick Nominees Pty Ltd in which Michael Edwards has an interest in. |
Date of change | 21 April 2022 |
No. of securities held prior to change | 400,000 Class B New Performance Rights - Exercisable once vested on or before 5 years from grant date, vesting after 24 months of continuous service. 240,000 Class E Performance Rights - Exercisable once vested on or before 5 years from grant date, vesting after 12 months of continuous service. 240,000 Class F Performance Rights - Exercisable once vested on or before 5 years from grant date, vesting after 24 months of continuous service 240,000 Class K Performance Rights - Exercisable once vested on or before 5 years from grant date, vesting after 36 months of continuous service 210,000 Class G Performance Rights - Exercisable if share price reached $0.40, and vesting after 12 months of continuous service. 210,000 Class H Performance Rights - Exercisable if share price reached $0.50, and vesting after 24 months of continuous service. 210,000 Class I Performance Rights - Exercisable if share price reached $0.60, and vesting after 36 months of continuous service. 500,000 Incentive Options. Exercisable 5 years from grant date, if the price hits $0.50 target over 20 day VWAP, and 60 months of continuous service. |
Class | Class B Performance Rights, subject to vesting conditions. |
Number acquired | 6,000,000 Class B Performance Rights, subject to vesting conditions. |
Number disposed | - |
Value/Consideration Note: If consideration is non-cash, provide details and estimated valuation | Performance rights issued as part of director remuneration as set out in Notice of Meeting lodged with ASX on 18 March 2022. |
No. of securities held after change | 400,000 Shares 400,000 Class B New Performance Rights - Exercisable once vested on or before 5 years from grant date, vesting after 24 months of continuous service. 240,000 Class E Performance Rights - Exercisable once vested on or before 5 years from grant date, vesting after 12 months of continuous service. 240,000 Class F Performance Rights - Exercisable once vested on or before 5 years from grant date, vesting after 24 months of continuous service 240,000 Class K Performance Rights - Exercisable once vested on or before 5 years from grant date, vesting after 36 months of continuous service 210,000 Class G Performance Rights - Exercisable if share price reached $0.40, and vesting after 12 months of continuous service. 210,000 Class H Performance Rights - Exercisable if share price reached $0.50, and vesting after 24 months of continuous service. 210,000 Class I Performance Rights - Exercisable if share price reached $0.60, and vesting after 36 months of continuous service. 500,000 Incentive Options. Exercisable 5 years from grant date, if the price hits $0.50 target over 20 day VWAP, and 60 months of continuous service. 6,000,000 Class B Performance Rights, subject to vesting conditions. |
Nature of change Example: on-market trade, off-market trade, exercise of options, issue of securities under dividend reinvestment plan, participation in buy-back | Performance Rights issued as per shareholder's approval on 21 April 2022 The Performance Rights and Options are convertible into Shares on a one for one basis for no consideration upon exercise by the holder, subject to certain vesting criteria being met. |
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 | N/A |
Nature of interest | N/A |
Name of registered holder (if issued securities) | N/A |
Date of change | N/A |
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 | N/A |
Interest acquired | N/A |
Interest disposed | N/A |
Value/Consideration Note: If consideration is non-cash, provide details and an estimated valuation | N/A |
Interest after change | N/A |
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? | N/A |
If prior written clearance was provided, on what date was this provided? | N/A |
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Auroch Minerals Ltd. published this content on 22 April 2022 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 22 April 2022 02:47:02 UTC.
