DroneShield : Notification regarding unquoted securities - DRO

Notification of Issue, Conversion or Payment up of Unquoted Equity Securities

Announcement Summary

For personal use only

Entity name

DRONESHIELD LIMITED

Date of this announcement

Friday January 14, 2022

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
DROAH	OPTION EXPIRING VARIOUS DATEX EX	15,350,000	12/01/2022
	VARIOUS PRICES

Refer to next page for full details of the announcement

Notification of Issue, Conversion or Payment up of Unquoted

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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

DRONESHIELD 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
ABN	26608915859
1.3	ASX issuer code
DRO

1. The announcement is New announcement
2. Date of this announcement

14/1/2022

Notification of Issue, Conversion or Payment up of Unquoted

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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:

has an existing ASX security code ("existing class")

Notification of Issue, Conversion or Payment up of Unquoted

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Notification of Issue, Conversion or Payment up of Unquoted Equity Securities

Part 3B - number and type of +securities the subject of this notification (existing class) where issue has not previously been notified to ASX in an Appendix 3B

personal use only

ASX +security code and description

DROAH : OPTION EXPIRING VARIOUS DATEX EX VARIOUS PRICES

Date the +securities the subject of this notification were issued

12/1/2022

Will these +securities rank equally in all respects from their issue date with the existing issued +securities in that class

Yes

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 detailing the terms of the +employee incentive scheme or a summary of the terms

Refer to the 2019 Notice of Annual General Meeting, Resolution 8 - Adoption of Incentive Option Plan Rules. The full terms of the plan are set out in Schedule 3.

URL:https://www.asx.com.au/asxpdf/20190329/pdf/443wtfz7bbkswr.pdf

Any other information the entity wishes to provide about the +securities the subject of this notification

Issue of 600,000 unlisted employee options (being the Class Y options), each exercisable at $0.25 per option, expiring on 12 January 2027.

This employee options grant, for key US-based employees, set at a strike price of approximately 50% to the current shareprice, further aligns employees and shareholders of DroneShield. Attracting, motivating and retaining best and brightest team members is key to a high-tech business like DroneShield, in a highly competitive environment for top notch talent. A meaningful equity component also reduces the base salary requirement for the relevant level of skill and experience, which is important for a business like DroneShield, in a stage of minimising cash expense base.

Issue details

For

Number of +securities

600,000

Notification of Issue, Conversion or Payment up of Unquoted

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Notification of Issue, Conversion or Payment up of Unquoted Equity Securities

ASX +security code and description

DROAH : OPTION EXPIRING VARIOUS DATEX EX VARIOUS PRICES

Date the +securities the subject of this notification were issued 12/1/2022

only	Will these +securities rank equally in all respects from their issue date with the existing issued
		+securities in that class
		Yes
		Were any of the +securities issued to +key management personnel (KMP) or an +associate?
		No
use	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
		Refer to the 2019 Notice of Annual General Meeting, Resolution 8 - Adoption of Incentive Option Plan Rules. The full
		terms of the plan are set out in Schedule 3.
		URL:https://www.asx.com.au/asxpdf/20190329/pdf/443wtfz7bbkswr.pdf
		Any other information the entity wishes to provide about the +securities the subject of this notification
personal	Issue of 100,000 unlisted employee options (being the Class Z options), each exercisable at $0.20 per option, expiring on
12 April 2022.
This employee options grant, for key Australian-based employees, further aligns US employees and shareholders of
		DroneShield. Attracting, motivating and retaining best and brightest team members is key to a high-tech business like
		DroneShield, in a highly competitive environment for top notch talent. A meaningful equity component also reduces the
		base salary requirement for the relevant level of skill and experience, which is important for a business like DroneShield,
		in a stage of minimising cash expense base.
	I ue details
		Number of +securities
		100,000
For	ASX +security code and description
		DROAH : OPTION EXPIRING VARIOUS DATEX EX VARIOUS PRICES
		Date the +securities the subject of this notification were issued
		12/1/2022
		Will these +securities rank equally in all respects from their issue date with the existing issued
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