Red Hill Iron : Appendix 3G Issue of Options

Question

Question

Answer

no

1.1

*Name of entity

Red Hill Iron Limited

We (the entity here named) give notice of the issue,

conversion or payment up of the following unquoted

+securities.

1.2

*Registration type and number

ABN 44114553392

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

RHI

1.4

*This announcement is

☒ A new announcement

Tick whichever is applicable.

☐ An update/amendment to a previous

announcement

☐ A cancellation of a previous

announcement

1.5

*Date of this announcement

28 July 2022

Question

Question

Answer

No.

2.1

*The +securities the subject of this

☐ +Securities issued as part of a

notification are:

transaction or transactions previously

Select whichever item is applicable.

announced to the market in an Appendix

If you wish to notify ASX of different events involving

3B that are not quoted, and are not

unquoted securities, please complete a separate

intended to be quoted, on ASX

Appendix 3G for each event.

☐ +Securities issued under a +dividend or

distribution plan that are not quoted, and

are not intended to be quoted, on ASX

☐ Unquoted options that have been

exercised or other unquoted +convertible

securities that have been converted

☐ Quoted options that have been

exercised or other quoted +convertible

securities that have been converted

where the +securities received as a

result of the exercise or conversion

either are already quoted on ASX or are

not intended to be quoted on ASX

☐ Unquoted partly paid +securities upon

which a call or instalment has been paid

☐ +Securities issued under an +employee

incentive scheme that are subject to a

restriction on transfer and are not being

quoted on ASX until the restriction ends

☒ +Other securities issued under an

+employee incentive scheme that are

not intended to be quoted on ASX

☐ Other [please specify]

If you have selected 'other' please explain the

circumstances here:

2.1a

*Date the +securities the subject of this

27 July 2022

notification were issued

Answer this question if your response to Q2.1 is

anything other than "Unquoted partly paid securities

upon which a call or instalment has been paid".

2.2e.1

Please state the number and type of

1,000,000 unquoted options issued at nil

+securities (including their ASX security

consideration, exercisable at $3.50, vesting

code) issued under the +employee

and expiring in 3 different tranches, as

incentive scheme

follows:

Answer this question if your response to Q2.1 is

Tranche A: 333,334 options vesting on

"Securities issued under an employee incentive

scheme that are subject to a restriction on transfer

27 July 2023 and expiring 26 July 2025,

and are not being quoted on ASX until the restriction

ends" or "Other securities issued under an employee

Tranche B: 333,333 options vesting on

incentive scheme that are not intended to be quoted

27 July 2024 and expiring 26 July 2026, and

on ASX".

Tranche C: 333,333 options vesting on

27 July 2025 and expiring 26 July 2027

This appendix is available as an online form

Appendix 3G

Notification of issue, conversion or

payment up of unquoted equity +securities

2.2e.2

*Please attach a document or provide

https://cdn-api.markitdigital.com/apiman-

details of a URL link for a document lodged

gateway/ASX/asx-research/1.0/file/2924-

with ASX detailing the terms of the

02546711-

+employee incentive scheme or a

6A1101722?access_token=83ff96335c2d45

summary of the terms.

a094df02a206a39ff4

Answer this question if your response to Q2.1 is

"Securities issued under an employee incentive

scheme that are subject to a restriction on transfer

and are not being quoted on ASX until the restriction

ends" or "Other securities issued under an employee

incentive scheme that are not intended to be quoted

on ASX".

2.2e.3

*Were any of the +securities issued to

Yes

+key management personnel (KMP) or an

+associate

Answer this question if your response to Q2.1 is

"Securities issued under an employee incentive

scheme that are subject to a restriction on transfer

and are not being quoted on ASX until the restriction

ends" or "Other securities issued under an employee

incentive scheme that are not intended to be quoted

on ASX".

2.2e.3.a

*Provide details of the KMP or +associates being issued +securities.

Answer this question if your response to Q2.1 is "Securities issued under an employee incentive scheme that are

subject to a restriction on transfer and are not being quoted on ASX until the restriction ends" or "Other securities

issued under an employee incentive scheme that are not intended to be quoted on ASX" and your response to

Q2.2e.3 is "Yes". Repeat the detail in the table below for each KMP involved in the issue. If the securities are

being issued to the KMP, repeat the name of the KMP or insert "Same" in "Name of registered holder". If the

securities are being issued to an associate of a KMP, insert the name of the associate in "Name of registered

holder".

Name of KMP

Name of registered holder

Number of +securities

Michael Wall

Michael Wall

1,000,000

2.3a

*This notification is given in relation to an

☐ has an existing ASX security code

issue of +securities in a class which is not

("existing class")

quoted on ASX and which:

☒ does not have an existing ASX security

Answer this question if your response to Q2.1 is

code ("new class")

anything other than "Unquoted options that have been

exercised or other unquoted convertible securities

that have been converted", "Quoted options that have

been exercised or other quoted convertible securities

that have been converted where the securities

received as a result of the exercise or conversion

either are already quoted on ASX or are not intended

to be quoted on ASX" or "Unquoted partly paid

securities upon which a call or instalment has been

paid".

This appendix is available as an online form

Appendix 3G

Notification of issue, conversion or

payment up of unquoted equity +securities

*Exercise price

$3.50

The price at which each option can be exercised and

convert into the underlying security. If there is no

exercise price please answer as $0.00.

The exercise price should be provided per the

security currency (i.e. if the security currency is AUD,

the exercise price should be expressed in AUD).

*Expiry date

3 tranches expiring on

The date on which the options expire or terminate.

26 July 2025,

26 July 2026 and

26 July 2027 respectively

*Details of the number and type of

One fully paid ordinary share (RHI)

+security (including its ASX security code if

the +security is quoted on or recorded by

ASX) that will be issued if an option is

exercised

For example, if the option can be exercised to receive

one fully paid ordinary share with ASX security code

ABC, please insert "One fully paid ordinary share

(ASX:ABC)".

*ASX security code and description

*Total number of +securities on issue

RHI: Ordinary full paid

63,828,149

*ASX security code and description

*Total number of +securities on issue

New class - code to be confirmed: Unquoted

1,000,000

options exercisable at $3.50 expiring 26 July

2027