WEST AFRICAN RESOURCES LIMITED Notification of Issue, Conversion or Payment up of Unquoted Equity Securities
Announcement Summary
use only
Entity name
WEST AFRICAN RESOURCES LIMITED
Date of this announcement
Monday February 14, 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 |
WAFAA | PERFORMANCE RIGHTS | 89,092 | 10/02/2022 |
For personal
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
WEST AFRICAN 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 |
ACN | 121539375 | |
1.3 | ASX issuer code | |
WAF |
- The announcement is New announcement
- Date of this announcement
14/2/2022
Notification of Issue, Conversion or Payment up of Unquoted | 2 / 7 |
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:
has an existing ASX security code ("existing class")
Notification of Issue, Conversion or Payment up of Unquoted | 3 / 7 |
Notification of Issue, Conversion or Payment up of Unquoted Equity Securities
Part 3B - number and type of +securities the subject of this notification (existing class) where issue has not previously been notified to
ASX in an Appendix 3B
personal use only
ASX +security code and description
WAFAA : PERFORMANCE RIGHTS
Date the +securities the subject of this notification were issued
10/2/2022
Will these +securities rank equally in all respects from their issue date with the existing issued +securities in that class
No
If some of the issued +securities do not rank equally:
Is the actual date from which the +securities will rank equally (non-ranking end date) known?
No
Provide the estimated non-ranking end period
The non-ranking end period of the issued Performance Rights will occur when they vest and are exercised. The last date for exercise of the Performance Rights is their expiry date.
Please state the extent to which the +securities do not rank equally:
In relation to the next dividend, distribution or interest payment; or
For any other reason
The Performance Rights have expiry dates, vesting conditions and exercise prices different to other unlisted options in the class.
Were any of the +securities issued to +key management personnel (KMP) or an +associate? Yes
For
Provide details of the KMP or +associates being issued +securities.
Name of KMP | Name of registered holder | |
Rodney Leonard | Caddy Fox Pty Ltd | |
No 2 a/c> | ||
Nigel Spicer | Minesure Pty Ltd | |
Stewart Findlay | Calgus Nominees Pty Ltd | |
Elizabeth Mounsey | Elizabeth Mounsey and Ian Francis | |
Drennan | ||
Number of +securities
26,203
20,963
20,963
20,963
Notification of Issue, Conversion or Payment up of Unquoted | 4 / 7 |
Notification of Issue, Conversion or Payment up of Unquoted Equity Securities
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
Performance Rights were issued in accordance with WAF's Incentive Options and Performance Rights Plan, which was approved at the 14 May 2021 AGM. Issue of Performance Rights to R Leonard and N Spicer were approved at 29 May 2020 AGM. Issue of Performance Rights to L Mounsey and S Findlay were approved at 17 December 2020 EGM.
only | Any other information the entity wishes to provide about the +securities the subject of this notification | ||
N/A | |||
Issue details | |||
use | Number of +securities | ||
89,092 | |||
For personal |
Notification of Issue, Conversion or Payment up of Unquoted | 5 / 7 |
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Disclaimer
West African Resources Limited published this content on 14 February 2022 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 14 February 2022 08:52:02 UTC.
