Notification of cessation of +securities
Announcement Summary
Entity name
HRL HOLDINGS LTD
Announcement Type
New announcement
Date of this announcement
Friday December 03, 2021
Details of +securities that have ceased
Number of | ||||
ASX +security | +securities that | The +securities have | Date of | |
code | Security description | have ceased | ceased due to | cessation |
HRLAB | PERFORMANCE RIGHT | 3,041,264 | Lapse of conditional right to | 03/12/2021 |
EXPIRING 2022 | securities because the | |||
conditions have not been, or | ||||
have become incapable of | ||||
being, satisfied | ||||
HRLAC | PERFORMANCE RIGHT | 574,607 | Lapse of conditional right to | 30/06/2021 |
EXPIRING 2021 | securities because the | |||
conditions have not been, or | ||||
have become incapable of | ||||
being, satisfied | ||||
HRLAE | PERFORMANCE RIGHTS | 2,446,484 | Lapse of conditional right to | 03/12/2021 |
EXPIRING 2023 | securities because the | |||
conditions have not been, or | ||||
have become incapable of | ||||
being, satisfied |
Refer to next page for full details of the announcement
Notification of cessation of +securities | 1 / 5 |
Notification of cessation of +securities
Part 1 - Announcement Details
1.1 Name of +Entity
HRL HOLDINGS LTD
We (the entity named above) provide the following information about our issued capital.
1.2 | Registered Number Type | Registration Number |
ABN | 99120896371 | |
1.3 | ASX issuer code | |
HRL |
- The announcement is New announcement
- Date of this announcement
3/12/2021
Notification of cessation of +securities | 2 / 5 |
Notification of cessation of +securities
Part 2 - Details of +equity securities or +debt securities that have ceased
ASX +Security Code and Description
HRLAC : PERFORMANCE RIGHT EXPIRING 2021
Unquoted +equity securities that have ceased
Number of securities that have ceased
574,607
Reason for cessation
Lapse of conditional right to securities because the conditions have not been, or have become incapable of being, satisfied
Date of cessation | Is the entity paying any consideration for the cessation? |
30/6/2021 | No |
Any other information the entity wishes to notify to ASX about the cessation?
Executive remuneration under 2020 2 Year LTI scheme. A total of 1,178,678 performance rights were on issue - 604,071 vested and were converted into ordinary shares which were issued on 6 August 2021 while the remaining 574,607 have lapsed.
ASX +Security Code and Description
HRLAB : PERFORMANCE RIGHT EXPIRING 2022
Unquoted +equity securities that have ceased
Number of securities that have ceased
3,041,264
Reason for cessation
Lapse of conditional right to securities because the conditions have not been, or have become incapable of being, satisfied
Date of cessation | Is the entity paying any consideration for the cessation? |
3/12/2021 | No |
Any other information the entity wishes to notify to ASX about the cessation?
Lapse of 902,506 performance rights due to participants having left their employment and of 1,768,015 due to performance rights issued to the CEO and CFO under the FY2020 Long Term Incentive Plan have now been cancelled and replaced by a new Executive Option plan
Notification of cessation of +securities | 3 / 5 |
Notification of cessation of +securities
ASX +Security Code and Description
HRLAE : PERFORMANCE RIGHTS EXPIRING 2023
Unquoted +equity securities that have ceased
Number of securities that have ceased
2,446,484
Reason for cessation
Lapse of conditional right to securities because the conditions have not been, or have become incapable of being, satisfied
Date of cessation | Is the entity paying any consideration for the cessation? |
3/12/2021 | No |
Any other information the entity wishes to notify to ASX about the cessation?
Lapse of 813,090 performance rights due to participants having left their employment and of 1,633,394 due to performance rights issued to the CEO and CFO under the FY2020 Long Term Incentive Plan have now been cancelled and replaced by a new Executive Option plan
Notification of cessation of +securities | 4 / 5 |
Notification of cessation of +securities
Part 3 - Issued capital following changes
Following the cessation of the +securities the subject of this notification, the issued capital of the entity will comprise:
3.1 Quoted +equity securities and +debt securities (total number of each +class of +securities quoted on ASX)
Total number of | |
ASX +security code and description | +securities on issue |
HRL : ORDINARY FULLY PAID | 494,381,306 |
3.2 Unquoted +equity securities (total number of each +class of +equity securities issued but not quoted on ASX)
Total number of | |
ASX +security code and description | +securities on issue |
HRLAB : PERFORMANCE RIGHT EXPIRING 2022 | 1,839,697 |
HRLAC : PERFORMANCE RIGHT EXPIRING 2021 | 0 |
HRLAE : PERFORMANCE RIGHTS EXPIRING 2023 | 1,642,239 |
Note: the figures stated in the tables above are used to calculate the total market capitalisation of the entity published by ASX from time to time. The table will not include those classes of +securities that have ceased or lapsed in their entirety in ASX records before the announcement date described in Q1.5, even if the entity has advised ASX of a change to that class of +security in Part 2 of this form.
Notification of cessation of +securities | 5 / 5 |
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Disclaimer
HRL Holdings Ltd. published this content on 03 December 2021 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 03 December 2021 06:41:07 UTC.