Announcement Summary
Entity name
JADE GAS HOLDINGS LIMITED
Date of this announcement Wednesday April 20, 2022
The +securities the subject of this notification are:Other
Total number of +securities to be issued/transferredASX +securityTotal number of +securities to be
code | Security description | issued/transferred | Issue date |
New class - code | Unlisted options exercisable at $0.09 on or before | 12,000,000 | 20/04/2022 |
to be confirmed | 19 April 2025 |
Refer to next page for full details of the announcementPart 1 - Entity and announcement details
1.1 Name of entity
JADE GAS HOLDINGS 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 ABN
1.3 ASX issuer code JGH
1.4 The announcement isNew announcement
1.5 Date of this announcement 20/4/2022
Registration number 55062879583
Part 2 - Issue details
2.1 The +securities the subject of this notification are:
Other
Please specify
Appointment of Mr Chris Jamieson as Managing Director option incentive package
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")
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
onlyFor personal use
New +securitiesASX +security code
New class - code to be confirmed
+Security type Options
Date the +securities the subject of this notification were issued 20/4/2022
Will all the +securities issued in this class rank equally in all respects from their issue date?
Yes
Have you received confirmation from ASX that the terms of the +securities are appropriate and equitable under listing rule 6.1?
No
Please provide a URL link for a document lodged with ASX setting out the material terms of the +securities being issued.
Options Details
+Security description
ISIN code
+Security currency | Exercise price | Expiry date |
AUD - Australian Dollar | AUD 0.09000000 | 19/4/2025 |
Details of the existing class of +security that will be issued upon exercise or conversion of this new class of company option
Other
Description
The conversion of one unlisted option will result in the issue of one fully paid ordinary share (ASX:JGH)
Any other information the entity wishes to provide about the +securities the subject of this notification 50% The options will vest on 20 April 2023 with the remaining 50% vesting on 20 April 2024
Please provide any further information needed to understand the circumstances in which you are notifying the issue of these +securities to ASX, including why the issue of the +securities has not been previously announced to the market in an Appendix 3B
The issue of the unlisted options forms part of the option incentive package for the appointment of Chris Jamieson as Managing Director
Issue details
Number of +securities
12,000,000
Were the +securities issued for a cash consideration?
No
Please describe the consideration being provided for the +securities
The issue of the unlisted options forms part of the option incentive package for the appointment of Chris Jamieson as Managing Director
Purpose of the issue
To pay for services rendered
Additional Details
Forms part of the incentive package for the appointment of Chris Jamieson as Managing Director.
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Disclaimer
Jade Gas Holdings Ltd. published this content on 20 April 2022 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 20 April 2022 03:44:05 UTC.