ASX Announcement 16 December 2016
Directors' InterestPlease find attached, for immediate release, a public announcement concerning Directors' interests.
Due to the vesting of certain Performance Rights and Conditional Share Rights, Mr Wasow, Chief Executive Officer and Managing Director, has elected to sell sufficient shares to meet the tax liability which arises.
Colin Hendry
Assistant Company Secretary
16 December 2016
Alumina Limited
GPO Box 5411, Melbourne Victoria 3001 Australia
ABN 85 004 820 419
aluminalimited.com
Level 12, IBM Centre
60 City Road, Southbank Victoria 3006 Australia
tel +61 (0)3 8699 2600
fax +61 (0)3 8699 2699
Appendix 3Y Change of Director's Interest NoticeRule 3.19A.2
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 Alumina Limited
ABN 85 004 820 419
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 | Peter WASOW |
Date of last notice | 20 September 2016 |
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 |
|
Nature of indirect interest (including registered holder) Note: Provide details of the circumstances giving rise to the relevant interest. | n/a |
Date of change | 16 December 2016 |
No. of securities held prior to change |
|
Class | n/a |
Number acquired | 404,000 fully paid shares |
Number disposed | 278,000 fully paid shares |
Value/Consideration Note: If consideration is non‐cash, provide details and estimated valuation | Nil for shares acquired $485,813.25 in total for shares disposed |
No. of securities held after change |
|
Nature of change Example: on‐market trade, off‐market trade, exercise of options, issue of securities under dividend reinvestment plan, participation in buy‐back | 404,000 fully paid ordinary shares awarded directly to Mr Wasow resulting from vesting of Performance Rights under the Alumina Limited Employee Share Plan (Long-term incentive). 278,000 fully paid ordinary shares disposed of to meet the tax liability arising from certain vested Performance Rights and Conditional Rights. |
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 |
|
Nature of interest |
|
Name of registered holder (if issued securities) | n/a |
Date of change |
|
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 | Nil |
Interest acquired |
|
Interest disposed |
|
Value/Consideration Note: If consideration is non‐cash, provide details and an estimated valuation |
|
Interest after change (1) 1,003,900 Performance Rights in Alumina
Limited granted under the Alumina Long Term Incentive Plan that are held, subject to future performance testing.
(2) 177,988 Conditional Share Rights in Alumina Limited granted under the terms of Employment Contract and held, and will vest subject to continuous employment of 18 months from grant date and are restricted from disposal until 3 years has elapsed from the grant date.
Part 3 - +Closed periodWere 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 |
Alumina Limited published this content on 16 December 2016 and is solely responsible for the information contained herein.
Distributed by Public, unedited and unaltered, on 19 December 2016 00:28:11 UTC.
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