Notification of Issue, Conversion or Payment up of Unquoted Equity Securities
Announcement Summary
For personal use only
Entity name
PACIFIC AMERICAN HOLDINGS LIMITED
Date of this announcement
Monday June 06, 2022
The +securities the subject of this notification are:
Other
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 with an exercise price of $0.02 | 5,500,000 | 31/05/2022 |
to be confirmed | expiring 31 May 2027 |
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
PACIFIC AMERICAN HOLDINGS 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 | 83127131604 | |
1.3 | ASX issuer code | |
PAK |
- The announcement is New announcement
- Date of this announcement
6/6/2022
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: Other
Please specify
The issue of 5.5m unlisted options exercisable at $0.02 each expiring 31 May 2027 as approved at AGM
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
only | New +securities | |||
ASX +security code | +Security description | |||
New class - code to be confirmed | Unlisted options with an exercise price of $0.02 expiring 31 | |||
May 2027 | ||||
+Security type | ISIN code | |||
use | Options | |||
Date the +securities the subject of this notification were issued | ||||
31/5/2022 | ||||
Will all the +securities issued in this class rank equally in all respects from their issue date? | ||||
personal | Yes | |||
Have you received confirmation from ASX that the terms of the +securities are appropriate and equitable under | ||||
listing rule 6.1? | ||||
Yes | ||||
Please provide a URL link for a document lodged with ASX setting out the material terms of the +securities being | ||||
issued. | ||||
www.pacificamerican.com.au | ||||
Options Details | ||||
+Security currency | Exercise price | Expiry date | ||
AUD - Australian Dollar | AUD 0.02000000 | 31/5/2027 | ||
Details of the existing class of +security that will be issued upon exercise or conversion of this new class of | ||||
For | company option | |||
Other | ||||
Description | ||||
PAK - Fully paid ordinary shares
Any other information the entity wishes to provide about the +securities the subject of this notification
The issue of options to Directors as approved by shareholders.
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Notification of Issue, Conversion or Payment up of Unquoted Equity Securities
Please provide any further information needed to understand the circumstances in which you are notifying the issue of these +securities to ASX, including why the issue of the +securities has not been previously announced to the market in an Appendix 3B
Issue of options to Directors so included in notice of AGM as it required shareholder approval.
Issue details | |||
only | Number of +securities | ||
5,500,000 | |||
Were the +securities issued for a cash consideration? | |||
use | No | ||
Please describe the consideration being provided for the +securities | |||
The issue of options to Directors as approved by shareholders. | |||
Purpose of the issue | |||
Other | |||
personalFor | Additional Details | ||
The issue of options to Directors as approved by shareholders. | |||
Notification of Issue, Conversion or Payment up of Unquoted | 5 / 7 |
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Pacific American Holdings Ltd. published this content on 06 June 2022 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 06 June 2022 01:51:05 UTC.