BLUGLASS LIMITED — Director's Dealing 2020

Dec 3, 2020

4 December 2020

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Appendix 3Y – Change in Director Interests

Australian semiconductor technology developer, BluGlass Limited (ASX:BLG) advises that Managing Director Giles Bourne has sold 947,333 shares in the Company to fund a personal tax liability resulting from the mandatory withdrawal of vested shares from the company’s Incentive Trust.

A Change of Director’s Interest Notice (Appendix 3Y) has been submitted today.

This announcement has been approved for release by the Board.

About BluGlass

BluGlass Limited (ASX: BLG) is a global leader commercialising a breakthrough technology using Remote Plasma Chemical Vapour Deposition ( RPCVD ) for the manufacture of high-value semiconductor devices such as laser diodes , next generation LEDs and microLEDs . BluGlass has invented a new process using RPCVD to grow advanced materials such as gallium nitride (GaN) and indium gallium nitride (InGaN). These materials are crucial to the production of highefficiency devices used in next-generation devices from lighting, displays, virtual reality systems and industrial cutting and welding.

RPCVD’s unique low temperature, low hydrogen growth platform offers many potential benefits to electronics manufacturers over existing growth techniques; including higher efficiency, lower cost, greater substrate flexibility and has the potential to enable novel applications.

In 2019, BluGlass launched its direct-to-market Laser Diode business unit to exploit its unique tunnel junction technology capability in the high-value and high-margin laser diode market. BluGlass expects to launch its first laser diode commercial product in 2021. Contact : Stefanie Winwood +61 2 9334 2300 swinwood@bluglass.com.au

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Appendix 3Y Change of Director’s Interest Notice

Rule 3.19A.2

Appendix 3Y

Change of Director’s Interest Notice

Information or documents not available now must be given to ASX as soon as available. Information and documents given to ASX become ASX’s property and may be made public.

Introduced 30/9/2001.

Name of entity: Bluglass Limited ABN 20 116 825 793

We (the entity) give ASX the following information under listing rule 3.19A.2 and as agent for the director for the purposes of section 205G of the Corporations Act.

Name of Director	Giles Bourne
Date of last notice	23 April 2020

Part 1 - Change of director’s relevant interests in securities

In the case of a trust, this includes interests in the trust made available by the responsible entity of the trust

Note: In the case of a company, interests which come within paragraph (i) of the definition of “notifiable interest of a director” should be disclosed in this part.

Direct or indirect interest	Direct and Indirect.
Nature of indirect interest (including registered holder) Note: Provide details of the circumstances giving rise to the relevant interest.	Bluglass Incentive Share Trust G Bourne & JL Ryan Chalk Valley Pty Ltd GBJR Super Fund Pty Ltd
Date of change	30 November 2020

• See chapter 19 for defined terms.

Appendix 3Y Page 1

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Appendix 3Y Change of Director’s Interest Notice

No. of securities held prior to change	1,810,000 ORD held in Chalk Valley Pty Ltd 1,687,749 ORD held by G Bourne or G Bourne & JL Ryan 774,830 ORD held by GBJR Super Fund Pty Ltd 1,000,000 unvested incentive options which are subject to pre-determined vesting criteria and held in BLG Incentive Trust on behalf of G Bourne 8,000,000 unvested Series A Performance Rights expiring 17 December 2021 which are subject to pre-determined vesting criteria and held in BLG Incentive Award Trust 874,500 unvested Series B Performance Rights expiring 17 December 2021 which are subject to pre-determined vesting criteria and held in BLG Incentive Award Trust
Class	ORD and Incentive Options
Number acquired	Nil
Number disposed	1,000,000 Incentive Options due to option expiry. 947,333 ORD
Value/Consideration Note: If consideration is non-cash, provide details and estimated valuation	Incentive Options - $nil ORD - $104,226 ($0.11/share)

• See chapter 19 for defined terms.

Appendix 3Y Page 2

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Appendix 3Y Change of Director’s Interest Notice

	No. of securities held after change	1,446,000 ORD held in Chalk Valley Pty Ltd 1,104,416 ORD held by G Bourne or G Bourne & JL Ryan 774,830 ORD held in GBJR Super Fund Pty Ltd 8,000,000 unvested Series A Performance Rights expiring 17 December 2021 which are subject to pre-determined vesting criteria and held in BLG Incentive Award Trust 874,500 unvested Series B Performance Rights expiring 17 December 2021 which are subject to pre-determined vesting criteria and held in BLG Incentive Award Trust
		8,000,000 unvested Series A Performance Rights expiring 17 December 2021 which are subject to pre-determine
	Nature of change Example: on-market trade, off-market trade, exercise of options, issue of securities under dividend reinvestment plan, participation in buy-back	Expiry of unlisted Incentive Options On market sale of ORD

Part 2 – Change of director’s interests in contracts

Note: In the case of a company, interests which come within paragraph (ii) of the definition of “notifiable interest of a director” should be disclosed in this part.

	Detail of contract	Detail of contract	N/A	N/A	N/A
	Nature of interest
	Name of registered holder (if issued securities)
	Date of change
	No. and class of securities t which interest related prior	o o
	change
	Note: Details are only required for a contract in relati to which the interest has changed	on
	Interest acquired
	Interest disposed

• See chapter 19 for defined terms.

Appendix 3Y Page 3

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Appendix 3Y Change of Director’s Interest Notice

Value/Consideration

Note: If consideration is non-cash, provide details and an estimated valuation Interest after change

Part 3 –[+] Closed period

Part 3 –+Closed period
Were the interests in the securities or contracts detailed above traded during a+closed period where prior written clearance was required?	No
If so, was prior written clearance provided to allow the trade to proceed during this period?	N/A
If prior written clearance was provided, on what date was this provided?	N/A

• See chapter 19 for defined terms.

Appendix 3Y Page 4

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