Notification of Issue, Conversion or Payment up of Unquoted Equity Securities
Announcement Summary
For personal use only
Entity name
TURNERS AUTOMOTIVE GROUP LIMITED
Date of this announcement
Friday December 17, 2021
The +securities the subject of this notification are:
+Other securities issued under an +employee incentive scheme that are not intended to be quoted on ASX
Total number of +securities to be issued/transferred
Total number of | |||
ASX +security | +securities to be | ||
code | Security description | issued/transferred | Issue date |
New class - code | Unquoted Employee Options, four equal tranches | 1,390,000 | 01/12/2021 |
to be confirmed | vesting and expiring various dates |
Refer to next page for full details of the announcement
Notification of Issue, Conversion or Payment up of Unquoted | 1 / 6 |
Notification of Issue, Conversion or Payment up of Unquoted Equity Securities
Part 1 - Entity and announcement details
For personal use only
1.1 Name of entity
TURNERS AUTOMOTIVE GROUP 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 | Registration number |
ACN | 319784824 | |
1.3 | ASX issuer code | |
TRA |
- The announcement is New announcement
- Date of this announcement
17/12/2021
Notification of Issue, Conversion or Payment up of Unquoted | 2 / 6 |
Notification of Issue, Conversion or Payment up of Unquoted Equity Securities
Part 2 - Issue details
2.1 The +securities the subject of this notification are:
+Other securities issued under an +employee incentive scheme that are not intended to be quoted on ASX
For personal use only
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")
Notification of Issue, Conversion or Payment up of Unquoted | 3 / 6 |
Notification of Issue, Conversion or Payment up of Unquoted Equity Securities
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
only | ASX +security code | +Security description | ||
New class - code to be confirmed | Unquoted Employee Options, four equal tranches vesting | |||
and expiring various dates | ||||
+Security type | ISIN code | |||
Options | ||||
use | Date the +securities the subject of this notification were issued | |||
1/12/2021 | ||||
Will all the +securities issued in this class rank equally in all respects from their issue date? | ||||
No | ||||
If some of the issued +securities do not rank equally: | ||||
personal | Is the actual date from which the +securities will rank | Provide the actual non-ranking end date | ||
equally (non-ranking end date) known? | 30/11/2027 | |||
Yes | ||||
Please state the extent to which the +securities do not rank equally: | ||||
In relation to the next dividend, distribution or interest payment; or | ||||
For any other reason | ||||
There are four tranches of 347,500 options that vest on 1 December 2022, 2023, 2024 and 2025. | ||||
The expiry dates of each tranche are 30 November 2024,2025, 2026 and 2027. | ||||
Were any of the +securities issued to +key management personnel (KMP) or an +associate? | ||||
No | ||||
Please provide a URL link for a document lodged with ASX setting out the material terms of the +securities being | ||||
issued. | ||||
https://cdn-api.markitdigital.com/apiman-gateway/ASX/asx-research/1.0/file/2924-02468187-2A1346775?access_token=8 | ||||
3ff96335c2d45a094df02a206a39ff4 | ||||
For | ||||
Options Details | ||||
+Security currency | Exercise price | Expiry date | ||
NZD - New Zealand Dollar | NZD 4.20000000 | 30/11/2027 |
Details of the existing class of +security that will be issued upon exercise or conversion of this new class of company option
Other
Description
Fully paid ordinary shares
Notification of Issue, Conversion or Payment up of Unquoted | 4 / 6 |
Notification of Issue, Conversion or Payment up of Unquoted Equity Securities
Please provide a URL link for a document lodged with ASX detailing the terms of the +employee incentive scheme or a summary of the terms
https://cdn-api.markitdigital.com/apiman-gateway/ASX/asx-research/1.0/file/2924-02468187-2A1346775?access_token=8 3ff96335c2d45a094df02a206a39ff4
only | Any other information the entity wishes to provide about the +securities the subject of this notification | ||
Issue details | |||
use | Number of +securities | ||
347,500 | |||
personal | Number of +securities | ||
Number of +securities | |||
347,500 | |||
Number of +securities | |||
347,500 | |||
For | 347,500 | ||
Notification of Issue, Conversion or Payment up of Unquoted | 5 / 6 |
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Turners Automotive Group Limited published this content on 16 December 2021 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 16 December 2021 22:48:01 UTC.