Notification of Issue, Conversion or Payment up of Unquoted Equity SecuritiesAnnouncement Summary

Entity name

For personal use only

X2M CONNECT LIMITED

Date of this announcement Tuesday April 19, 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

ASX +security code

New class - code to be confirmedNew class - code to be confirmed

Security description

  • Short Term Incentive rights 1,226,970 14/04/2022

  • Long Term Incentive options 2,058,286 14/04/2022

Refer to next page for full details of the announcement

Total number of

+securities to be issued/transferred Issue date

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

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Notification of Issue, Conversion or Payment up of Unquoted Equity SecuritiesPart 1 - Entity and announcement details

For personal use only

1.1 Name of entity

X2M CONNECT 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 ACN

1.3 ASX issuer code X2M

1.4 The announcement isNew announcement

1.5 Date of this announcement 19/4/2022

Registration number 637951154

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

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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")

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

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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

New class - code to be confirmed

+Security descriptionShort Term Incentive rights

+Security type

ISIN code

Options

Date the +securities the subject of this notification were issued 14/4/2022

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 +securitiesHave 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.

www.asx.com.au/asxpdf/20210920/pdf/450p118hdmfd8k.pdf

The securities are issued under the Employee Inventive Performance Rights and Plan set out from page 145 of the Prospectus

Options Details

+Security currency

Exercise price

Expiry date

AUD - Australian Dollar

AUD 0.34000000

14/4/2027

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

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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

Description

Ordinary fully paid shares

For personal use only

Please provide a URL link for a document lodged with ASX detailing the terms of the +employee incentive scheme or a summary of the termswww.asx.com.au/asxpdf/20210920/pdf/450p118hdmfd8k.pdf

The securities are issued under the Employee Inventive Performance Rights and Plan set out from page 145 of the Prospectus

Any other information the entity wishes to provide about the +securities the subject of this notification The employee will receive a maximum of the number of securities referred to converting into $0.34 5 year options dependent on achievement of Corporate and Personal KPI's for FY2022

Issue details

Number of +securities

1,226,970

ASX +security code

+Security description

New class - code to be confirmed

Long Term Incentive options

+Security type

ISIN code

Options

Date the +securities the subject of this notification were issued 14/4/2022

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

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

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X2M Connect Ltd. published this content on 19 April 2022 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 19 April 2022 04:13:00 UTC.