AI assistant
AUSTIN ENGINEERING LIMITED — Director's Dealing 2023
Jun 29, 2023
64384_rns_2023-06-29_fffe5bb3-2024-4d60-bdfa-58a629633ee8.pdf
Director's Dealing
Open in viewerOpens in your device viewer
ASX ANNOUNCEMENT (ASX Code: ANG)
30 June 2023
Vesting of Managing Director’s Options
Austin Engineering Limited (ASX: ANG) (‘the Company’) wishes to announce that a total of 14,300,000 Options issued to the Company’s CEO and Managing Director, Mr David Singleton, vested on 30 June 2023 following satisfaction of the applicable retention and share price performance conditions.
The Options were issued on 26 November 2021 and a summary of their terms is set out in Annexure B of the Company’s 2021 Notice of Annual General Meeting (which was released to ASX on 23 September 2021).
All 14,300,000 Options may be exercised into shares at an exercise price of $0.13 on or before 26 November 2024.
The above details are provided under ASX Listing Rule 3.10.7.
Contacts: AUSTIN ENGINEERING LTD Head Office | ABN 60 078 480 136 100 Chisholm Crescent, Kewdale WA 6105, Australia
-
P +61 8 9334 0666
Company
Jim Walker Chair +61 8 9334 0666
Announcement Authorisation
This announcement was authorised by the Chair of the Board and is not market sensitive.
About Austin Engineering
Austin is a global engineering company. For over 50 years, Austin has partnered with mining companies, contractors and original equipment manufacturers to create innovative engineering solutions that deliver productivity improvements to their operations.
Austin is a market leader in the design and manufacture of loading and hauling solutions, including offhighway dump truck bodies, buckets, water tanks and related attachments, supporting both open-cut and underground operations. Complementing its proprietary product range are repair and maintenance services performed in our workshops and on clients’ mine sites, and spare parts.
1
ASX ANNOUNCEMENT (ASX Code: ANG)
Through Austin’s own design and engineering IP and range of tailored products, it delivers solutions for all commodity applications and drives increased efficiencies in productivity and safety in both open cut and underground mining operations.
Austin’s products can create more sustainable mining operations by delivering the lowest cost per tonne to end user, reducing fuel usage per material carried.
The Company is headquartered in Perth and has operations around the world in Australia, USA, Canada, Chile and Indonesia serving many of the major mining sites in the world both directly and through local partners.
2