Notification of Issue, Conversion or Payment up of Unquoted Equity Securities
Announcement Summary
For personal use only
Entity name
POLARX LIMITED
Date of this announcement
Tuesday December 21, 2021
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 exercisable at $0.058 each on or | 15,000,000 | 21/12/2021 |
to be confirmed | before 27 October 2025 |
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
POLARX 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 | 161615783 | |
1.3 | ASX issuer code | |
PXX |
- The announcement is New announcement
- Date of this announcement
21/12/2021
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
2.1 The +securities the subject of this notification are: Other
For personal use only
Please specify
Refer Appendix 3B dated 28 October 2021
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
only | New +securities | |||
ASX +security code | +Security description | |||
New class - code to be confirmed | Unlisted options exercisable at $0.058 each on or before 27 | |||
October 2025 | ||||
+Security type | ISIN code | |||
use | Options | |||
Date the +securities the subject of this notification were issued | ||||
21/12/2021 | ||||
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? | ||||
No | ||||
Please provide a URL link for a document lodged with ASX setting out the material terms of the +securities being | ||||
issued. | ||||
https://www.asx.com.au/asxpdf/20211110/pdf/452t91qyqlycsw.pdf | ||||
Options Details | ||||
+Security currency | Exercise price | Expiry date | ||
AUD - Australian Dollar | AUD 0.05800000 | 27/10/2025 | ||
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
Each option will entitle its holder to subscribe for and be issued,one ordinary fully paid share (PXX)
Any other information the entity wishes to provide about the +securities the subject of this notification
N/A
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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
Refer Appendix 3B dated 28 October 2021
Issue details | |||
only | Number of +securities | ||
15,000,000 | |||
Were the +securities issued for a cash consideration? | |||
use | No | ||
Please describe the consideration being provided for the +securities | |||
Nil | |||
Purpose of the issue | |||
Other | |||
personalFor | Additional Details | ||
Incentive options issued under the Company's Long Term Incentive Plan | |||
Notification of Issue, Conversion or Payment up of Unquoted | 5 / 7 |
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PolarX Limited published this content on 21 December 2021 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 21 December 2021 07:29:02 UTC.