Rule 2.7, 3.10.3, 3.10.4, 3.10.5
New issue announcement, application for quotation of additional securities and agreementInformation 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 1/7/96. Origin: Appendix 5. Amended 1/7/98, 1/9/99, 1/7/2000, 30/9/2001, 11/3/2002, 1/1/2003, 24/10/2005.
Name of entity
Gloucester Coal Ltd
ABN
66 008 881 712
We (the entity) give ASX the following information.
Part 1 - All issuesYou must complete the relevant sections (attach sheets if there is not enough space).
1 +Class of +securities issued or to be issued
Unlisted options to acquire shares by way of issue
2 Number of +securities issued or to be issued (if known) or maximum number which may be issued
1,458,483
+ See chapter 19 for defined terms.
24/10/2005Appendix 3B Page 1
Appendix 3B New issue announcement3 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)
486,161 options vesting on 1 December 2013 and expiring on 1 December 2018
486,161 options vesting on 1 December 2014 and expiring on 1 December 2018
486,161 options vesting on 1 December 2015 and expiring on 1 December 2018
Exercise price: $7.30 per option
The options will be issued under and in accordance with the Company's long term incentive plan which was approved by Shareholders at the Company's 2009 AGM. In accordance with the terms of the long term incentive plan, the Board has resolved to apply an additional condition to the grant of these options to provide for accelerated vesting on the occurrence of a change of control (defined in the terms of issue). In summary, upon a change of control, the options held by a participant will vest.
+ See chapter 19 for defined terms.
Appendix 3B Page 2 24/10/2005
Appendix 3B New issue announcement
4 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: