ACUMENTIS GROUP LIMITED — Share Issue/Capital Change 2021

Oct 27, 2021

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

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Announcement Summary

Entity name

ACUMENTIS GROUP LIMITED

Date of this announcement

Thursday October 28, 2021

The +securities the subject of this notification are:

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+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
ACUAU	PERFORMANCE RIGHTS	240,000	28/10/2021

Refer to next page for full details of the announcement

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

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Part 1 - Entity and announcement details

1.1 Name of entity

ACUMENTIS GROUP 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

ABN

Registration number

50102320329

1.3 ASX issuer code

ACU

1.4 The announcement is

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New announcement

1.5 Date of this announcement

28/10/2021

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Part 2 - Issue details

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2.1 The +securities the subject of this notification are:

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+Other securities issued under an +employee incentive scheme that are not intended to be quoted on ASX

2.2a This notification is given in relation to an issue of +securities in a class which is not quoted on ASX and which:

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has an existing ASX security code ("existing class")

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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

ASX +security code and description

ACUAU : PERFORMANCE RIGHTS

Date the +securities the subject of this notification were issued

28/10/2021

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
Timothy Rabbitt	Kangaloor Pty Ltd ATF Rabbitt Family Trust	240,000

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

The performance rights will convert to ordinary shares, on a 1 for 1 basis, if the following conditions are met:

Service Condition

• The executive holding the performance rights must remain employed by Acumentis Group Limited until completion of the statutory audit of Acumentis Group Limited for the year ending 30 June 2024

Performance Conditions

• 50% of the performance rights will vest if the total shareholder return ("TSR") for Acumentis Group Limited for the 3 year period ending 30 June 2024 is equal to or exceeds the TSR for the ASX300 for the same period

• 50% of the performance rights will vest, on a pro-rata basis, if the earnings per share for Acumentis Group Limited for the year ending 30 June 2024 is between 2.5 cents and 3.4 cents

Any other information the entity wishes to provide about the +securities the subject of this notification

The performance rights are being granted in accordance with the terms of the Acumentis Employee Option Plan approved at the 2021 annual general meeting (resolutions 9 & 10).

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Issue details

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Number of +securities

240,000

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Part 4 - +Securities on issue

Following the issue, conversion or payment up of the +securities the subject of this application, the +securities of the entity will comprise:

(A discrepancy in these figures compared to your own may be due to a matter of timing if there is more than one application for quotation/issuance currently with ASX for processing.)

4.1 Quoted +Securities (Total number of each +class of +securities quoted)

	Total number of
ASX +security code and description	+securities on issue
ACU : ORDINARY FULLY PAID	173,792,492
4.2 Unquoted +Securities (Total number of each +class of +securities issued but	not quoted on ASX)
	Total number of
ASX +security code and description	+securities on issue
ACUAA : OPTION EXPIRING VARIOUS DATES EX VARIOUS PRICES	2,500,000
ACUAU : PERFORMANCE RIGHTS	2,680,000

4.2 Unquoted +Securities (Total number of each +class of +securities issued but not quoted on ASX)

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Part 5 - Other Listing Rule requirements

5.1 Were the +securities issued under an exception in Listing Rule 7.2 and therefore the issue did not need any security holder approval under Listing Rule 7.1? No

5.2 Has the entity obtained, or is it obtaining, +security holder approval for the issue under listing rule 7.1? Yes

5.2a Date of meeting or proposed meeting to approve the issue under listing rule 7.1

28/10/2021

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