COSOL : Notification regarding unquoted securities - COS

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

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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

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

1. The announcement is New announcement
2. Date of this announcement

14/1/2022

Notification of Issue, Conversion or Payment up of Unquoted

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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

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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

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

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