Galan Lithium : Notification regarding unquoted securities - GLN
GLN.AX
Notification of Issue, Conversion or Payment up of Unquoted Equity Securities
Announcement Summary
For personal use only
Entity name
GALAN LITHIUM LIMITED
Date of this announcement
Friday December 31, 2021
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
New class - code
Option Expiring 24-Dec-24 Ex $1.30
500,000
31/12/2021
to be confirmed
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
GALAN LITHIUM 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
ABN
87149349646
1.3
ASX issuer code
GLN
31/12/2021
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 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
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
ASX +security code
+Security description
New class - code to be confirmed
Option Expiring 24-Dec-24 Ex $1.30
+Security type
ISIN code
Options
use
Date the +securities the subject of this notification were issued
31/12/2021
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?
personal
No
Have you received confirmation from ASX that the terms of the +securities are appropriate and equitable under
listing rule 6.1?
Yes
Please provide a URL link for a document lodged with ASX setting out the material terms of the +securities being
issued.
Issued under the Galan Employee Securities Incentive Plan (last approved by shareholders on 27/11/20)
Options Details
+Security currency
Exercise price
Expiry date
AUD - Australian Dollar
AUD 1.30000000
3/12/2024
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
GLN : ORDINARY FULLY PAID
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
As per Resolution 10 of GLN AGM NOM dated 29 October 2020
https://wcsecure.weblink.com.au/pdf/GLN/02301596.pdf
Notification of Issue, Conversion or Payment up of Unquoted
4 / 7
Notification of Issue, Conversion or Payment up of Unquoted Equity Securities
Any other information the entity wishes to provide about the +securities the subject of this notification
250,000 unquoted options (exercisable at $1.30 on or before 24/12/24) vested on 30 November 2021.
Balance of 250,000 unquoted options (exercisable at $1.30 on or before 24/12/24) will vest on 31 May 2022 if employee is still employed by Galan.
Issue details
For personal use only
Number of +securities 500,000
Notification of Issue, Conversion or Payment up of Unquoted
5 / 7
This is an excerpt of the original content. To continue reading it, access the original document here.
Disclaimer
Galan Lithium Limited published this content on 31 December 2021 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 31 December 2021 05:36:01 UTC.