COSOL : Notification regarding unquoted securities - COS

About this update from Cosol Limited

Notification of Issue, Conversion or Payment up of Unquoted Equity Securities Announcement Summary For personal use only Entity name COSOL LIMITED Date of this announcement Friday January 14, 2022 The +securities the subject of this notification are: +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 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 Unlisted Options exercisable at $0.96, expiring 10 750,000 02/12/2021 to be confirmed November 2025 (subject to vesting conditions) Refer to next page for full details of the announcement Notification of Issue, Conversion or Payment up of Unquoted 1 / 7 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 COSOL 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 635371363 1.3 ASX issuer code COS The announcement is New announcement Date of this announcement 14/1/2022 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 For personal use only 2.1 The +securities the subject of this notification are: +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 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 / 7 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 New +securities issued under an +employee incentive scheme ASX +security code +Security description New class - code to be confirmed Unlisted Options exercisable at $0.96, expiring 10 November 2025 (subject to vesting conditions) +Security type ISIN code Options Date the +securities the subject of this notification were issued 2/12/2021 Will all the +securities issued in this class rank equally in all respects from their issue date? 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 30 June 2023 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 Options do not have any voting rights or rights to achieve dividends attached. Following the exercise of the Options, and the conversion into ordinary shares, those ordinary shares will rank equally with existing fully paid ordinary shares (including the right to vote and receive dividends) Were any of the +securities issued to +key management personnel (KMP) or an +associate? No Have you received confirmation from ASX that the terms of the +securities are appropriate and equitable under listing rule 6.1? No Please provide a URL link for a document lodged with ASX setting out the material terms of the +securities being issued. https://cdn-api.markitdigital.com/apiman-gateway/ASX/asx-research/1.0/file/2924-02294985-6A1001581?access_token=8 3ff96335c2d45a094df02a206a39ff4 Options Details +Security currency Exercise price Expiry date AUD - Australian Dollar AUD 0.95000000 10/11/2025 Notification of Issue, Conversion or Payment up of Unquoted 4 / 7 Notification of Issue, Conversion or Payment up of Unquoted Equity Securities Details of the existing class of +security that will be issued upon exercise or conversion of this new class of company option Other only Description COS - Fully Paid Ordinary Shares 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/2924-02294985-6A1001581?access_token=8 3ff96335c2d45a094df02a206a39ff4 use Any other information the entity wishes to provide about the +securities the subject of this notification Vesting of the options will be subject to achievement of financial hurdles I ue details personalFor Number of +securities 750,000 Notification of Issue, Conversion or Payment up of Unquoted 5 / 7 This is an excerpt of the original content. To continue reading it, access the original document here .

View stock analysis, news, and events for Cosol Limited