For personal use only
ASX: LVH MARKET RELEASE
Cancellation of Loan Back Shares
10 June 2022 | Melbourne, Victoria
LiveHire Limited (ASX: LVH) ("LiveHire" or the "Company") advises that, in accordance with the Company's employee incentive plan ("EIP"), the Company intends to cancel 2,311,050 ordinary shares in the Company ("Shares") which are subject to loan-back arrangements under the EIP ("Loan Back Shares"). Out of the 2,311,050 Loan Back Shares, 400,000 are presently held by Antonluigi Gozzi, an executive director of the Company. Further details are set out in the enclosed Appendix 3C.
The Loan Back Shares will be cancelled in accordance with the terms and conditions of the EIP as approved by shareholders at the Annual General Meeting held on 30 November 2020 and will be implemented on 27 June 2022. The outstanding loans associated with the Loan Back Shares will be extinguished and, accordingly, will not require an outlay of cash by LiveHire.
For more information:
Christy Forest - CEO and Executive Director investors@livehire.com
Subscribe to LiveHire's newsletter at: http://eepurl.com/b2EMFL
www.livehire.com/investor
Antonluigi Gozzi, LiveHire's Executive Director, authorised the release of this announcement to the ASX
About LiveHire
LiveHire is an award-winning1,market-leading recruitment, talent mobility and direct sourcing platform. It revolutionises the candidate experience and enables businesses and curation partners to thrive with talent on demand. The platform makes managing the flow of talent into and through businesses seamless, delivering value through detailed visibility of talent, shifting both permanent and contingent recruitment from reactive to proactive, improving fit, reducing time and cost to hire, with an unrivalled candidate experience.
Founded in 2011, LiveHire is an Australian company headquartered in Melbourne, with offices also in Sydney, Perth and Miami.
www.livehire.com
1https://drivenxdesign.com/SYD17/winners_list.asp
For personal use only
This appendix is available as an online form | |
Only use this form if the online version is not available | +Rule 3.8A |
Appendix 3C
Notification of buy-back
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.
*Denotes minimum information required for first lodgement of this form, with exceptions provided in specific notes for certain questions. The balance of the information, where applicable, must be provided as soon as reasonably practicable by the entity.
Part 1 - Entity and announcement details
Question | Question | Answer | |
no | |||
1.1 | *Name of entity | LiveHire Limited | |
We (the entity named above) provide the following information | |||
about our buy-back | |||
1.2 | *Registration type and number | ACN 153 266 605 | |
Please supply your ABN, ARSN, ARBN, ACN or another | |||
registration type and number (if you supply another registration | |||
type, please specify both the type of registration and the | |||
registration number). | |||
1.3 | *ASX issuer code | LVH | |
1.4 | *The announcement is | ☒ New announcement | |
Select whichever is applicable. | ☐ Update/amendment to | ||
previous announcement | |||
☐ Cancellation of previous | |||
announcement | |||
☐ Daily buy-back notification | |||
Not applicable for selective buy-backs | |||
(complete Part 4) | |||
☐ Final buy-back notification | |||
(complete Part 5) | |||
1.4b | *Reason for update | N/A | |
Answer this question if your response to Q 1.4 is | |||
"Update/amendment to previous announcement". | |||
1.4c | *Date of initial notification of buy-back | N/A | |
Answer this question if your response to Q 1.4 is | |||
"Update/amendment to previous announcement" or "Cancellation | |||
of previous announcement". | |||
1.4d | *Date of previous announcement to this update | N/A | |
Answer this question if your response to Q 1.4 is | |||
"Update/amendment to previous announcement". | |||
1.4e | *Reason for cancellation | N/A | |
Answer this question if your response to Q 1.4 is "Cancellation of | |||
previous announcement". | |||
1.4f | *Date of previous announcement to this cancellation | N/A | |
Answer this question if your response to Q 1.4 is "Cancellation of | |||
previous announcement". | |||
1.5 | *Date of this announcement | 10/06/2022 | |
1.6 | *Class of +securities the subject of the buy-back: | ASX Security Code: LVH | |
Note: only one type of buy-back for one class of security can be | Security Description: Ordinary | ||
advised in this notification. If a buy-back extends to more than one | Fully Paid | ||
class of security, a separate notification is required for each class. | |||
+ See chapter 19 for defined terms | Page 1 | ||
5 June 2021 |
This appendix is available as an online form | Appendix 3C |
Notification of buy-back |
use only
Part 2 -Type of buy-back
Questio Question
n No.
2.1 *The type of buy-back is
Note this form is not required for minimum holding buy-backs (i.e. buy-backs of unmarketable parcels). The only notification required to ASX for a minimum holding buy-back is the lodgement of an Appendix 3H within 5 business days of the completion of the minimum holding buy-back notifying ASX of the cancellation of the securities bought back in accordance with listing rule 3.8A.
2.2 Please describe the type of buy-back
Answer this question if your response to Q 2.1 is "Other buy-back".
Answer
- Employee share scheme buy- back
- On-marketbuy-back
- Equal access scheme buy- back
- Selective buy-back
- Other buy-back
Select one item.
Note: "Other buy-back" does not include
- minimum holding buy-back. The section "Other buy-back" will generally only be applicable to an entity established outside Australia.
N/A
For personal
Part 3 -Buy-back details
Part 3A - Details of +securities, price and reason
3A.1 | *Total number of +securities on issue in the class of | 297,322,604 |
+securities to be bought back | ||
3A.2 | *Total number of +securities proposed to be bought | 2,311,050 |
back | ||
Answer this question if your response to Q 2.1 is "Employee share | ||
scheme buy-back, "Selective buy-back" or "Other buy-back". | ||
3A.3 | *Name of person or description of class of persons | N/A |
whose +securities are proposed to be bought back | ||
Answer this question if your response to Q 2.1 is "Selective buy- | ||
back". | ||
3A.4 | *Does the entity intend to buy back a minimum | N/A |
number of +securities | ||
Answer this question if your response to Q 2.1 is "On-market buy- | ||
back". | ||
3A.4a | *Minimum number of +securities intended to be | N/A |
bought back. | ||
Answer this question if your response to Q 2.1 is "On-market buy- | ||
back" and your response to Q 3A.4 is "Yes". | ||
3A.5 | *Does the entity intend to buy back a maximum | N/A |
number of securities? | ||
Answer this question if your response to Q 2.1 is "On-market buy- | ||
back" | ||
3A.5a | *Maximum number of +securities proposed to be | N/A |
bought back | ||
Answer this question if your response to Q 2.1 is "On-market buy- | ||
back" and your response to Q 3A.5 is "Yes". | ||
+ See chapter 19 for defined terms | Page 2 |
5 June 2021 |
For personal use only
This appendix is available as an online form | Appendix 3C | ||
Notification of buy-back | |||
3A.6 | *Name of broker or brokers who will offer to buy back | N/A | |
+securities on the entity's behalf | |||
Answer this question if your response to Q 2.1 is "On-market buy- | |||
back". | |||
3A.7 | *Percentage of +securities the entity will offer to buy | N/A | |
back | |||
Answer this question if your response to Q 2.1 is "Equal access | |||
scheme buy-back". | |||
3A.8 | *Approximate total number of +securities that will be | N/A | |
bought back if all buy-back offers are accepted | |||
(disregarding any rounding and restrictions on | |||
foreign participation) | |||
Answer this question if your response to Q 2.1 is "Equal access | |||
scheme buy-back". | |||
3A.9 | *Are the +securities being bought back for a cash | Yes | |
consideration? | |||
Note: if the securities are being bought back for nil cash | |||
consideration, answer this question "No". | |||
3A.9a | *Is the price to be paid for +securities bought back | Yes | |
known? | |||
Answer this question if your response to Q 3A.9 is "Yes". | |||
3A.9a(i) | *In what currency will the buy-back consideration be | AUD - Australian Dollar | |
paid? | |||
Answer this question if your response to Q 3A.9 is "Yes". | |||
Note: all prices below are to be expressed in this currency. | |||
3A.9a(ii) | *Buy-back price per +security | Shares to be bought back at | |
Answer this question if your response to Q 3A.9 is "Yes" and your | between $0.273 and $0.9846 | ||
response to Q3A.9a is "Yes". | per share, representing the | ||
market price and issue price of | |||
the shares (as applicable). | |||
Extinguishment of EIP loans | |||
totalling $1,574,117.37. | |||
3A.9a(iii) | *Capital component of buy-back price per +security | N/A | |
Answer this question if your response to Q 2.1 is "Equal access | |||
scheme buy-back", your response to Q 3A.9 is "Yes" and your | |||
response to Q3A.9a is "Yes". | |||
3A.9a(iv) | *Dividend component of buy-back price per +security | N/A | |
Answer this question if your response to Q 2.1 is "Equal access | |||
scheme buy-back", your response to Q 3A.9 is "Yes" and your | |||
response to Q3A.9a is "Yes". | |||
3A.9a(v) | *Indicative buy-back price per +security | N/A | |
Answer this question if your response to Q2.1 is anything other | |||
than "On-marketbuy-back", your response to Q 3A.9 is "Yes" and | |||
your response to Q3A.9a is "No". | |||
Please lodge an update to this form when the final buy-back price | |||
is known. | |||
3A.9b | *Please describe the consideration being provided to | N/A | |
buy back the +securities | |||
Answer this question if your response to Q3A.9 is "No". | |||
3A.10 | *Do the buy-back terms allow for a scale-back? | N/A | |
Answer this question if your response to Q 2.1 is "Equal access | |||
scheme buy-back". | |||
3A.10a | *Please summarise the scale-back terms | N/A | |
Answer this question if your response to Q 2.1 is "Equal access | |||
scheme buy-back" and your answer to Q 3A.10 is "Yes". | |||
+ See chapter 19 for defined terms | Page 3 | ||
5 June 2021 |
This appendix is available as an online form | Appendix 3C |
Notification of buy-back |
use only
3A.11 *What will be done with fractional entitlements?
Answer this question if your response to Q 2.1 is "Equal access scheme buy-back".
3A.12 *Reason for buy-back
Answer this question if your response to Q 2.1 is "Other buy- back".
3A.13 Please provide a URL for where the buy-back offer document can be viewed online with offer acceptance codes
Answer this question if your response to Q 2.1 is "Equal access scheme buy-back"
- Fractions rounded up to the next whole number
- Fractions rounded down to the nearest whole number or fractions disregarded
- Fractions of 0.5 or more rounded up
- Fractions over 0.5 rounded up
- Not applicable N/A
N/A
For personal
Part 3B - Buy-back restrictions and conditions
3B.1 | *Does the buy-back require security holder | No | |
approval? | |||
Disregard any security holder approval that has already been | |||
obtained. | |||
3B.1a | Type of security holder approval required | N/A | |
Answer this question if your response to Q 3B.1 is "Yes". | |||
3B.1b | *Anticipated date of security holder meeting to | N/A | |
approve the buy-back | |||
Answer this question if your response to Q 3B.1 is "Yes". | |||
3B.2 | *Are there any restrictions on foreign participation in | N/A | |
the buy-back | |||
Answer this question if your response to Q 2.1 is "Equal access | |||
scheme buy-back", "Selective buy-back" or "Other buy-back". | |||
3B.2a | *Please summarise the restrictions on foreign | N/A | |
participation | |||
Answer this question if your response to Q 2.1 is "Equal access | |||
scheme buy-back", "Selective buy-back" or "Other buy-back" and | |||
your response to Q 3B.2 is "Yes". | |||
3B.2b | *For holdings in the name of a custodian or nominee, | N/A | |
will the foreign participation restrictions be applied to | |||
the address of the custodian or nominee or the | |||
address of the beneficial holder? | |||
Answer this question if your response to Q 2.1 is "Equal access | |||
scheme buy-back", "Selective buy-back" or "Other buy-back" and | |||
your response to Q 3B.2 is "Yes". | |||
3B.3 | *Are there any other conditions that need to be | No | |
satisfied before the buy-back offer becomes | |||
unconditional | |||
Answer this question if your response to Q 2.1 is "Employee share | |||
scheme buy-back, "Equal access scheme buy-back", "Selective | |||
buy-back" or "Other buy-back" | |||
+ See chapter 19 for defined terms | Page 4 | ||
5 June 2021 |
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LiveHire Ltd. published this content on 10 June 2022 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 10 June 2022 01:21:00 UTC.