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.