TROY RESOURCES Notification of Issue, Conversion or Payment up of Unquoted Equity Securities
Announcement Summary
For personal use only
Entity name
TROY RESOURCES LIMITED
Date of this announcement
Wednesday March 23, 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 |
New class - code | 7,000,000 Performance Rights with an expiry date | 7,000,000 | 23/03/2022 |
to be confirmed | of 30 June 2025 | ||
New class - code | 7,000,000 Performance Rights with an expiry date | 7,000,000 | 23/03/2022 |
to be confirmed | of 30 June 2026 |
Refer to next page for full details of the announcement
Notification of Issue, Conversion or Payment up of Unquoted | 1 / 8 |
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
TROY RESOURCES 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 | 33006243750 | |
1.3 | ASX issuer code | |
TRY |
- The announcement is New announcement
- Date of this announcement
23/3/2022
Notification of Issue, Conversion or Payment up of Unquoted | 2 / 8 |
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:
does not have an existing ASX security code ("new class")
Notification of Issue, Conversion or Payment up of Unquoted | 3 / 8 |
Notification of Issue, Conversion or Payment up of Unquoted Equity Securities
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
For personal use only
ASX +security code | +Security description | |
New class - code to be confirmed | 7,000,000 Performance Rights with an expiry date of 30 | |
June 2025 | ||
+Security type | ISIN code | |
Other |
Date the +securities the subject of this notification were issued
23/3/2022
Will all the +securities issued in this class rank equally in all respects from their issue date? Yes
Were any of the +securities issued to +key management personnel (KMP) or an +associate? Yes
Provide details of the KMP or +associates being issued +securities. | |||
Name of KMP | Name of registered holder | Number of +securities | |
3,500,000 | |||
Ms R Broughton | Ms R Broughton | ||
Please provide a URL link for a document lodged with ASX setting out the material terms of the +securities being issued.
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
https://cdn-api.markitdigital.com/apiman-gateway/ASX/asx-research/1.0/file/2924-02305638-6A1006023?access_token=8 3ff96335c2d45a094df02a206a39ff4
Any other information the entity wishes to provide about the +securities the subject of this notification
Tranche one vests 20 June 2022, expires 2025 and is split 60% Absolute Total Shareholder Return (ATSR) and 40% Growth in Ore Reserves
ATSR Performance Condition is the percentage growth in shareholder value, which takes into account factors such as changes in share price and dividends paid. The index will be $0.022, which is the share price of the recapitalisation announced 5 January 2022.
Relative ATSR Condition | % Contribution of the number of performance shares to vest | |
Below the index plus 30% | 0% | |
Between 30% and 60% above the index | Pro-rata from 50% to 100% | |
60% above the index | 100% |
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Notification of Issue, Conversion or Payment up of Unquoted Equity Securities
Ore Reserves growth is referenced to the Ore Reserves of 89,400 ounces as announced 26 July 2021. | |||||||||
Ore Reserves Growth | % Contribution of the number of performance shares to vest | ||||||||
only | Below the index plus 30% | 0% | |||||||
Between 30% and 60% above the index | Pro-rata from 50% to 100% | ||||||||
60% above the index | 100% | ||||||||
Issue details | |||||||||
use | Number of +securities | ||||||||
7,000,000 | |||||||||
personal | ASX +security code | +Security description | |||||||
New class - code to be confirmed | 7,000,000 Performance Rights with an expiry date of 30 | ||||||||
June 2026 | |||||||||
+Security type | ISIN code | ||||||||
Other | |||||||||
Date the +securities the subject of this notification were issued | |||||||||
23/3/2022 | |||||||||
Will all the +securities issued in this class rank equally in all respects from their issue date? | |||||||||
Yes | |||||||||
Were any of the +securities issued to +key management personnel (KMP) or an +associate? | |||||||||
For | Yes | ||||||||
Provide details of the KMP or +associates being issued +securities. | |||||||||
Name of KMP | Name of registered holder | Number of +securities | |||||||
3,500,000 | |||||||||
Ms R Broughton | Ms R Broughton | ||||||||
Please provide a URL link for a document lodged with ASX setting out the material terms of the +securities being issued.
Notification of Issue, Conversion or Payment up of Unquoted | 5 / 8 |
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Troy Resources Limited published this content on 23 March 2022 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 23 March 2022 04:23:00 UTC.
