MONADELPHOUS GROUP LIMITED Notification of Issue, Conversion or Payment up of Unquoted Equity Securities
Announcement Summary
For personal use only
Entity name
MONADELPHOUS GROUP LIMITED
Date of this announcement
Tuesday December 21, 2021
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 | RETENTION RIGHTS | 1,115,200 | 20/12/2021 |
to be confirmed |
Refer to next page for full details of the announcement
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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
MONADELPHOUS GROUP 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 | 28008988547 | |
1.3 | ASX issuer code | |
MND |
- The announcement is New announcement
- Date of this announcement
21/12/2021
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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:
does not have an existing ASX security code ("new class")
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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
use only
ASX +security code | +Security description | |
New class - code to be confirmed | RETENTION RIGHTS | |
+Security type | ISIN code | |
Other |
Date the +securities the subject of this notification were issued
20/12/2021
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
personal
Provide details of the KMP or +associates being issued +securities.
Name of KMP | Name of registered holder | |
Dino Foti | Dino Foti | |
Zoran Bebic | Zoran Bebic | |
Philip Trueman | Philip Trueman | |
Number of +securities
32,700
32,700
27,200
For
Please provide a URL link for a document lodged with ASX setting out the material terms of the +securities being issued.
A summary of the key terms of the Retention Rights is included in the announcement released to the ASX on 21 December 2021 and available at https://www.monadelphous.com.au/media/5832809/211221-asx-announcement_issue-of-retention-rights.pdf.
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
A summary of the key terms of the Retention Rights is included in the announcement released to the ASX on 21 December 2021 and available at https://www.monadelphous.com.au/media/5832809/211221-asx-announcement_issue-of-retention-rights.pdf.
Any other information the entity wishes to provide about the +securities the subject of this notification
Retention Rights will only vest if the continued service vesting conditions attaching to them (outlined in the ASX announcement released to the ASX on 21 December 2021 and available via the link above) have been satisfied.
Subject to the satisfaction of the continued service vesting conditions, Retention Rights will vest as follows:
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Notification of Issue, Conversion or Payment up of Unquoted Equity Securities
- One third 371,667 vests one year from grant date (20 December 2022)
- One third 371,667 vests two years from grant date (20 December 2023)
- One third 371,866 vests three years from grant date (20 December 2024)
A further 43,600 Retention Rights have been offered to the Company's Managing Director, Robert Velletri, with the issue being subject to shareholder approval under ASX listing rule 10.14.
only | Any shares acquired upon vest of Retention Rights are subject to a disposal restriction as outlined in the ASX | ||
announcement released to the ASX on 21 December 2021 and available via the link above. | |||
Issue details | |||
use | Number of +securities | ||
1,115,200 | |||
For personal |
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Disclaimer
Monadelphous Group Limited published this content on 21 December 2021 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 21 December 2021 02:39:03 UTC.
