Pilot Energy : Notification regarding unquoted securities - PGY

Notification of Issue, Conversion or Payment up of Unquoted Equity Securities

Announcement Summary

For personal use only

Entity name

PILOT ENERGY LIMITED

Date of this announcement

Wednesday March 16, 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
New class - code	Unlisted options over issued shares in PGY	17,500,000	18/03/2022
to be confirmed

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

PILOT ENERGY 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	86115229984
1.3	ASX issuer code
PGY

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

16/3/2022

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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:

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

For personal use only

ASX +security code		+Security description
New class - code to be confirmed		Unlisted options over issued shares in PGY
+Security type		ISIN code
Options

Date the +securities the subject of this notification were issued

18/3/2022

Will all the +securities issued in this class rank equally in all respects from their issue date? Yes

Were any of the +securities issued to +key management personnel (KMP) or an +associate? Yes

Provide details of the KMP or +associates being issued +securities.
Name of KMP		Name of registered holder	Number of +securities
			3,500,000
Bradley Lingo		Same
			3,500,000
Tony Strasser		Mandaton Holdings Pty Ltd atf GADZ
		Investment Trust	2,000,000
Bruce Gordon		PAD Pty Ltd atf Gordon Super Fund
			2,000,000
Daniel Chen		DVAC Holding Pty Ltd atf The Chen &
		Wang Family Trust	3,000,000
Nick Watson		Watson No 1 Pty Ltd atf Watson No 1
		Trust	2,000,000
Cate Friedlander		Darren Friedlander
			1,500,000
Violetta Gerikh		Same

Please provide a URL link for a document lodged with ASX setting out the material terms of the +securities being issued.

https://www.pilotenergy.com.au/sites/pilotenergy.com.au/files/asx-announcements/61073467.pdf(see explanatory notes for resolutions 6-9and 10)

Notification of Issue, Conversion or Payment up of Unquoted

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Notification of Issue, Conversion or Payment up of Unquoted Equity Securities

	Options Details
		+Security currency	Exercise price	Expiry date
		AUD - Australian Dollar	AUD 0.10000000	28/2/2025
only	Details of the existing class of +security that will be issued upon exercise or conversion of this new class of
company option
		Other
		Description
		one fully paid ordinary share (ASX:PGY)
use	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://www.pilotenergy.com.au/sites/pilotenergy.com.au/files/asx-announcements/61006407.pdf(see explanatory note for
		resolution 9)
		https://www.pilotenergy.com.au/sites/pilotenergy.com.au/files/asx-announcements/61073467.pdf(see explanatory note for
		resolution 10)
		Any other information the entity wishes to provide about the +securities the subject of this notification
personalFor	These options have been issued to the Directors of PGY (or their associates) pursuant to the 2020 Employee Incentive
Scheme approved by shareholders at the 10 December 2020 AGM and the options issued to Nick Watson, Cate
Friedlander and Violetta Gerikh (or their associates) have been issued pursuant to the Employee Incentive Scheme
		approved by shareholders at the AGM held on 28 February 2022.
	Issue details
		Number of +securities
		17,500,000

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