ASX Announcement
28 October 2020
Appendix 3Y - Change of Director's Interest Notice
City Chic Collective Limited ("City Chic", "Company") refers to the attached Appendix 3Y for Mr Michael Hardwick.
Unbeknown to Mr Hardwick, Mr Hardwick's three children were recently gifted fully paid ordinary shares in the Company by an extended family member. Mr Hardwick does not have any ownership interest in those shares, however, for transparency all shares in the Company gifted to, and currently held by, Mr Hardwick's children are included in the attached Appendix 3Y. The shares were gifted by way of an off-market transfer on 7, 8 and 10 September 2020.
The Company and Mr Hardwick acknowledge that the Appendix 3Y has not been released within 5 business days from the date of change, as required by listing rule 3.19.A. Mr Hardwick was not aware that the transfer of the shares had occurred until last Friday and promptly notified the Company upon becoming aware so that the attached disclosure could be made to the market.
Each City Chic director, including Mr Hardwick, is fully aware of and understands his or her obligations under listing rule 3.19A. The Company considers that the arrangements currently in place with directors are adequate for the purposes of ensuring compliance with listing rule 3.19B. However, in light of the circumstances that have arisen on this occasion, the Company will consider whether additional measures can be implemented to reduce the risk of non-compliance in the future.
The release of this announcement was authorised by the Company Secretary.
Appendix 3Y Change of Director's Interest Notice
Appendix 3Y
Rule 3.19A.2
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 | City Chic Collective Limited ("Company") |
ABN | 43 057 569 169 |
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 Hardwick |
Date of last notice | 27 August 2020 |
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 | Shares acquired by Michael Hardwick's |
(including registered holder) | children. |
Note: Provide details of the circumstances giving rise to the | |
relevant interest. | For the avoidance of doubt, all Company |
shares the subject of this notice are held by | |
the Director's children after having been | |
transferred to them by an extended family | |
member. Mr Hardwick does not have an | |
ownership interest in the shares. | |
Date of change | 30,000 shares on each of 7, 8 and 10 |
September 2020 | |
No. of securities held prior to change | 504,836 Ordinary shares |
Class | Ordinary shares |
Number acquired | 90,000 |
Number disposed | Nil |
Value/Consideration | Nil consideration paid - shares were gifted |
Note: If consideration is non-cash, provide details and estimated | |
valuation | Estimated value of shares (based on closing |
share price on date of change) - $304,800 | |
+ See chapter 19 for defined terms. | Appendix 3Y Page 1 |
01/01/2011 |
Appendix 3Y
Change of Director's Interest Notice
No. of securities held after change | 504,836 | Ordinary shares (direct) |
90,000 | Ordinary shares (indirect) | |
Nature of change | Ordinary shares gifted by an extended family | |
Example: on-market trade, off-market trade, exercise of options, | member to Michael Hardwick's children via | |
issue of securities under dividend reinvestment plan, participation | an off-market transfer. | |
in buy-back | ||
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 | Not applicable |
Nature of interest | |
Name of registered holder | |
(if issued securities) | |
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 | |
Interest acquired | |
Interest disposed | |
Value/Consideration | |
Note: If consideration is non-cash, | |
provide details and an estimated | |
valuation | |
Interest after change | |
Part 3 - +Closed period
Were the interests in the securities or contracts | No | ||
detailed above traded during a +closed period where | |||
prior written clearance was required? | |||
If so, was prior written clearance provided to allow the | Not applicable | ||
trade to proceed during this period? | |||
If prior written clearance was provided, on what date | Not applicable | ||
was this provided? | |||
+ See chapter 19 for defined terms. | 01/01/2011 | ||
Appendix 3Y Page 2 |
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Disclaimer
City Chic Collective Limited published this content on 27 October 2020 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 19 November 2020 21:48:03 UTC