Comms : Notification regarding unquoted securities - CCG
CCG.AX
Notification of Issue, Conversion or Payment up of Unquoted Equity Securities
Announcement Summary
use only
Entity name
COMMS GROUP LTD
Date of this announcement
Sunday January 23, 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
CCGAC
PERFORMANCE RIGHTS
6,780,000
21/01/2022
For personal
Refer to next page for full details of the announcement
Notification of Issue, Conversion or Payment up of Unquoted
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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
COMMS GROUP LTD
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
64619196539
1.3
ASX issuer code
CCG
23/1/2022
Notification of Issue, Conversion or Payment up of Unquoted
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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:
has an existing ASX security code ("existing class")
Notification of Issue, Conversion or Payment up of Unquoted
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Notification of Issue, Conversion or Payment up of Unquoted Equity Securities
Part 3B - number and type of +securities the subject of this notification (existing class) where issue has not previously been notified to ASX in an Appendix 3B
For personal use only
ASX +security code and description
CCGAC : PERFORMANCE RIGHTS
Date the +securities the subject of this notification were issued
21/1/2022
Will these +securities rank equally in all respects from their issue date with the existing issued +securities in that class
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
4,000,000
Peter McGrath
Peter McGrath
250,000
Matthew Beale
Matthew Beale
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.asx.com.au/asxpdf/20190625/pdf/4463c11m04lqyn.pdf
Any other information the entity wishes to provide about the +securities the subject of this notification
Tranche A - 50% of rights issued - Share price hurdle* $0.20; Minimum Vesting Period 18 months from the Grant Date
Tranche B - 50% of rights issued - Share price hurdle* $0.30; Minimum Vesting Period 30 months from the Grant Date
*The share price hurdle must be reached on at least 20 consecutive trading days at any time during the Term of the Performance Rights in order to satisfy this hurdle.
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Notification of Issue, Conversion or Payment up of Unquoted Equity Securities
Issue details
Number of +securities
6,780,000
For personal use only
Notification of Issue, Conversion or Payment up of Unquoted
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Comms Group Ltd. published this content on 23 January 2022 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 23 January 2022 21:13:02 UTC.