Image Resources NL : Update - Notification of buy-back - IMA
IMA.AX
Notification of buy-back
Announcement Summary
For personal use only
Name of entity
IMAGE RESOURCES NL
Announcement type
Update announcement
Type of update
Daily buy-back notification
Date of this announcement
18/1/2022
Reason for update
Daily buy-back notification
ASX Security code and description of the class of +securities the subject of the buy-back
IMA : ORDINARY FULLY PAID
The type of buy-back is:
Employee share scheme buy-back
Total number of +securities bought back before previous day
0
Total number of +securities bought back on previous day
1,706,709
Refer to next page for full details of the announcement
Notification of buy-back
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Notification of buy-back
Part 1 - Entity and announcement details
For personal use only
1.1 Name of entity
IMAGE RESOURCES NL
We (the entity named above) provide the following information about our buy-back.
1.2
Registration number type
Registration number
ABN
57063977579
1.3
ASX issuer code
IMA
1.4 The announcement is
Update/amendment to previous announcement
1.4a Type of update
Daily buy-back notification
1.4b Reason for update
Daily buy-back notification
1.4c Date of initial notification of buy-back
7/12/2021
1.4d Date of previous announcement to this update
7/12/2021
1.5 Date of this announcement
18/1/2022
1.6 ASX Security code and description of the class of +securities the subject of the buy-back
IMA : ORDINARY FULLY PAID
Notification of buy-back
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Notification of buy-back
Part 2 - Type of buy-back
2.1 The type of buy-back is:
Employee share scheme buy-back
For personal use only
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Notification of buy-back
Part 3 - Buy-back details
Part 3A - Details of +securities, price and reason
only
3A.1 Total number of +securities on issue in the class of
+securities to be bought back
1,012,642,386
3A.2 Total number of +securities proposed to be bought
use
back
1,706,709
3A.9 Are the +securities being bought back for a cash consideration?
Yes
3A.9a Is the price to be paid for +securities bought back known?
Yes
3A.9a.1 In what currency will the buy-back consideration
3A.9a.2 Buy-back price per +security
be paid?
AUD - Australian Dollar
0.21360000
Part 3B - Buy-back restrictions and conditions
personal
For
3B.1 Does the buy-back require security holder
approval?
No
3B.3 Are there any other conditions that need to be
satisfied before the buy-back offer becomes
unconditional? No
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Notification of buy-back
Part 3C - Key dates
Employee Share Scheme, Selective and Other Buy-Backs
only
3C.1 Anticipated date buy-back will occur
18/1/2022
use
Part 3D - Other Information
3D.1 Any other information the entity wishes to notify to ASX about the buy-back
personalFor
The shares were issued to employees under the Company's Employee Share Plan (ESP) as part of ESP grants in
September 2019 and October 2020. Some of those employees have ceased employment with the Company and the loans
made to the employees to fund the issue of the shares became repayable on the cessation of employment. In accordance
with the terms of the ESP, the Board has determined that the Company will buy back and cancel the relevant shares, with
the proceeds applied to offset the loans.
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Disclaimer
Image Resources NL published this content on 18 January 2022 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 18 January 2022 08:04:08 UTC.