ADX ENERGY LTD — Share Issue/Capital Change 2021

Aug 3, 2021

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

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Announcement Summary

Entity name

ADX ENERGY LTD

Date of this announcement

Wednesday August 04, 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
New class - code	Unlisted Options expiring 31/7/2025	4,729,688	04/08/2021
to be confirmed

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

ADX ENERGY 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

ABN

Registration number

50009058646

1.3 ASX issuer code

ADX

1.4 The announcement is

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New announcement

1.5 Date of this announcement

4/8/2021

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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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does not have an existing ASX security code ("new class")

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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

ASX +security code New class - code to be confirmed	+Security description Unlisted Options expiring 31/7/2025
+Security type	ISIN code
Options

Date the +securities the subject of this notification were issued 4/8/2021

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?	Were any of the +securities issued to +key management personnel (KMP) or an +associate?	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
Ian Tchacos	Ian Tchacos	2,456,250
Paul Fink	Paul Fink	2,273,438

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. https://adx-energy.com/wp-content/uploads/2021/04/ADX-31-Dec-2020-Notice-of-AGM-FINAL-with-Proxy.pdf

Options Details +Security currency Exercise price Expiry date AUD - Australian Dollar AUD 0.00000000 31/7/2025

Details of the existing class of +security that will be issued upon exercise or conversion of this new class of company option Other

Description

ORD

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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://adx-energy.com/wp-content/uploads/2021/04/ADX-31-Dec-2020-Notice-of-AGM-FINAL-with-Proxy.pdf Any other information the entity wishes to provide about the +securities the subject of this notification These unlisted options to directors in lieu of portion of fees for the quarter ended 30 June 2021 (value $47,297)

Issue details

Number of +securities

4,729,688

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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
ADX : ORDINARY FULLY PAID	2,654,064,031
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
ADXAH : OPTION EXPIRING 31-OCT-2024 EX NIL	8,470,981
ADXAG : OPTION EXPIRING 31-JUL-2024 EX NIL	9,451,563
ADXAC : OPTION EXPIRING VARIOUS DATES EX VARIOUS PRICES	25,279,836
ADXAF : OPTION EXPIRING 26-JUN-2024 EX NIL	12,578,571
ADXAD : OPTION EXPIRING 26-JUN-2021 EX 1.3C	5,000,000
ADXAL : OPTION EXPIRING 26-MAY-2022 EX $0.01	67,500,020
ADXAM : OPTION EXPIRING 26-NOV-2023 EX $0.01	67,500,020
ADXAK : OPTION EXPIRING 31-JAN-2025 EX NIL	9,882,811
ADXAN : OPTION EXPIRING 31-MAY-2025 EX NIL	5,302,085
New class - code to be confirmed : Unlisted Options expiring 31/7/2025	4,729,688

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? Yes

5.1a Select the number of the applicable exception in Listing Rule 7.2

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