For personal use only
24 January 2022 | Australia
ASX RELEASE
VESTING OF PERFORMANCE RIGHTS
Real-time software company Vection Technologies Ltd (ASX:VR1) (Vection Technologies, Vection or the Company) advises that, in accordance with the terms of the Company's Performance Rights Plan, 4,500,000 Performance Rights held by Directors and 2,000,000 Performance Rights held by staff have vested and been converted into fully paid ordinary Company shares, having met the applicable vesting criteria.
An Appendix 2A and Appendix 3Ys follow.
Notice pursuant to Section 708A(5)(e) of the Corporations Act 2001
The Corporations Act 2001 ("Act") restricts the on-sale of securities issued without disclosure, unless the sale is exempt under section 708 or 708A of the Act. By giving this notice, the 6,500,000 fully paid ordinary shares issued as noted in the corresponding Appendix 2A will fall within the exemption in section 708A(5) of the Act. Pursuant to section 708A(5)(e) of the Corporations Act 2001 (Cth) ("Corporations Act"), the Company gives notice that:
- the Company issued the shares without disclosure under Part 6D.2 of the Corporations Act; and
- as at the date of this notice, the Company has complied with the provisions of Chapter 2M of the Corporations Act as they apply to the Company; and section 674 of the Corporations Act; and
- as at the date of this notice, there is no information to be disclosed which is excluded information (as defined in section 708A(7) of the Corporations Act) that is reasonable for investors and their professional advisers to expect to find in a disclosure document.
ENDS
About Vection Technologies:
Vection Technologies Ltd (ASX:VR1) is a multinational software company that focuses on real-time technologies for industrial companies' digital transformation.
Through a combination of 3D, Virtual Reality, Augmented Reality, Industrial IoT, AI, ICT and CAD solutions, Vection Technologies helps companies and organisations to innovate, collaborate and create value.
For more information please visit the Company's websites: vection.com.au
mindeskvr.com
blankcanvas.studio
jmcgroup.it
ASX release authorised by the Board of Directors of Vection Technologies Ltd.
3D
VIRTUAL
REALITY
AUGMENTED
REALITY
INDUSTRIAL
IoT
CAD
Vection Technologies Ltd (ASX:VR1) ACN: 614 814 041 | ||||
1 | Asia Pacific | Europe | North America | Media Enquiries |
Address: Level 4, Building C, Garden | Address: Via Isonzo 61 | Address: 785 Market Street, #600 | AUpress@vection.com.au | |
Office Park, 355 Scarborough Beach | 40033 Casalecchio di Reno (BO), | San Francisco CA 94103 | EUpress@vection.com.au | |
Road, Osborne Park WA 6017 | Italy | USA | ||
Phone: +61 8 6380 7446 |
For personal use only
Appendix 3Y
Change of Director's Interest Notice
Rule 3.19A.2
Appendix 3Y
Change of Director's Interest Notice
Information or documents not available now must be given to ASX as soon as available. Information and documents given to ASX become ASX's property and may be made public.
Introduced 30/09/01 Amended 01/01/11
Name of entity Vection Technologies Limited
ABN 93 614 814 041
We (the entity) give ASX the following information under listing rule 3.19A.2 and as agent for the director for the purposes of section 205G of the Corporations Act.
Name of Director | Mr Gianmarco Biagi |
Date of last notice | 31 December 2021 |
Part 1 - Change of director's relevant interests in securities
In the case of a trust, this includes interests in the trust made available by the responsible entity of the trust
Note: In the case of a company, interests which come within paragraph (i) of the definition of "notifiable interest of a director" should be disclosed in this part.
Direct or indirect interest | Direct & indirect | |
Nature of indirect interest | 1. Officine 8k Srl (Director related entity) | |
(including registered holder) | 2. Settepuntonove Srl (Director related entity) | |
Note: Provide details of the circumstances giving rise to the | ||
3. VR Tech SRL (Director related entity) | ||
relevant interest. | ||
4. Mr Gianmarco Biagi | ||
Date of change | 24 January 2022 | |
No. of securities held prior to change | 1. | 327,556,186 Ordinary Shares |
100,000,000 Performance Rights (Class A) | ||
2. | 6,000,000 Ordinary Shares | |
3. | 3,000,000 Ordinary Shares | |
4. | 6,000,000 Performance Rights | |
Class | Fully Paid Ordinary Shares (Shares), | |
Performance Rights (Rights) | ||
Number acquired | 2,000,000 Shares | |
Number disposed | 2,000,000 Rights | |
- See chapter 19 for defined terms. 01/01/2011 Appendix 3Y Page 1
For personal use only
Appendix 3Y
Change of Director's Interest Notice
Value/Consideration | The Shares were acquired by the Director for | |
Note: If consideration is non-cash, provide details and estimated | nil cash consideration upon vesting of Rights | |
valuation | ||
previously issued under the Company's | ||
Rights Plan, as a result of performance | ||
conditions being satisfied. | ||
No. of securities held after change | 1. | 327,556,186 Ordinary Shares |
100,000,000 Performance Rights (Class A) | ||
2. | 8,000,000 Ordinary Shares | |
3. | 3,000,000 Ordinary Shares | |
4. | 4,000,000 Performance Rights | |
Nature of change | Acquisition of Shares upon vesting of Rights. | |
Example: on-market trade, off-market trade, exercise of options, | ||
issue of securities under dividend reinvestment plan, participation | ||
in buy-back | ||
Part 2 - Change of director's interests in contracts
Note: In the case of a company, interests which come within paragraph (ii) of the definition of "notifiable interest of a director" should be disclosed in this part.
Detail of contract | N/A |
Nature of interest | N/A |
Name of registered holder | N/A |
(if issued securities) | |
Date of change | N/A |
No. and class of securities to which | N/A |
interest related prior to change | |
Note: Details are only required for a contract in | |
relation to which the interest has changed | |
Interest acquired | N/A |
Interest disposed | N/A |
Value/Consideration | N/A |
Note: If consideration is non-cash, provide details | |
and an estimated valuation | |
Interest after change | N/A |
Part 3 - +Closed period
Were the interests in the securities or contracts detailed N/A above traded during a +closed period where prior written clearance was required?
+ See chapter 19 for defined terms.
Appendix 3Y Page 2 | 01/01/2011 |
For personal use only
Appendix 3Y
Change of Director's Interest Notice
If so, was prior written clearance provided to allow the trade | N/A |
to proceed during this period? | |
If prior written clearance was provided, on what date was this | N/A |
provided? | |
- See chapter 19 for defined terms. 01/01/2011 Appendix 3Y Page 3
For personal use only
Appendix 3Y
Change of Director's Interest Notice
Rule 3.19A.2
Appendix 3Y
Change of Director's Interest Notice
Information or documents not available now must be given to ASX as soon as available. Information and documents given to ASX become ASX's property and may be made public.
Introduced 30/09/01 Amended 01/01/11
Name of entity Vection Technologies Limited
ABN 93 614 814 041
We (the entity) give ASX the following information under listing rule 3.19A.2 and as agent for the director for the purposes of section 205G of the Corporations Act.
Name of Director | Mr Lorenzo Biagi |
Date of last notice | 3 December 2021 |
Part 1 - Change of director's relevant interests in securities
In the case of a trust, this includes interests in the trust made available by the responsible entity of the trust
Note: In the case of a company, interests which come within paragraph (i) of the definition of "notifiable interest of a director" should be disclosed in this part.
Direct or indirect interest | Indirect | |
Nature of indirect interest | 1. Officine 8k Srl (Director related | |
(including registered holder) | entity) | |
Note: Provide details of the circumstances giving rise to the | ||
2. Settepuntonove Srl (Director related entity) | ||
relevant interest. | ||
3. VR Tech SRL (Director related entity) | ||
Date of change | 24 January 2022 | |
No. of securities held prior to change | 1. | 327,556,186 Ordinary Shares |
100,000,000 Performance Rights (Class A) | ||
2. | 6,000,000 Ordinary Shares | |
3. | 3,000,000 Ordinary Shares | |
Class | Fully Paid Ordinary Shares (Shares) | |
Number acquired | 2,000,000 Shares | |
Number disposed | Nil | |
- See chapter 19 for defined terms. 01/01/2011 Appendix 3Y Page 1
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