Champion Iron Limited — Director's Dealing 2019

Dec 15, 2019

==> picture [234 x 28] intentionally omitted <==

Sale of shares by Directors

Champion Iron Limited (ASX: CIA) (TSX: CIA) (“Champion Iron” or the “Company”) advises that the following directors of Champion Iron have acquired and sold Champion Iron shares.

Prospect AG Trading Pty Ltd (Prospect) an entity associated with the Executive Chairman, Mr. Michael O’Keeffe, has exercised 7,500,000 options over ordinary shares in Champion Iron for total consideration of CAD1, 875,000. To fund the exercise of the options, Prospect has sold 1,000,000 Champion Iron ordinary shares for total consideration of AUD2, 711,464. This is the first sale of Champion Iron shares by Prospect, Mr. O’Keeffe or any other associated entity.

Following completion of these transactions, the total ordinary shares in Champion Iron owned by Mr. O’Keeffe and associated entities increased by 6,500,000 from 37,523,830 to 44,023,830.

Mr. David Cataford, Chief Executive Officer has exercised 2,000,000 options over 2,000,000 ordinary shares for total consideration of AUD400,000. To fund the acquisition of these shares and related taxes, Mr. Cataford has sold 900,000 ordinary shares of Champion Iron for total consideration of CAD2, 187,000. This is Mr. Cataford’s first sale of Champion Iron shares.

Following completion of these transactions, the total ordinary shares in Champion Iron owned by Mr. Cataford increased by 1,100,000 from 805,413 to 1,905,413.

A Change of Director’s Interest Notice (Appendix 3Y) for Mr. O’Keeffe and Mr. Cataford is attached.

Pradip Devalia Company Secretary Sydney, 16 December 2019

Level 1, 91 Evans Street, Rozelle, NSW 2039

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 30/09/01 Amended 01/01/11

Name of entity Champion Iron Limited ABN 34 119 770 142

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	William Michael O’Keeffe
Date of last notice	27 August 2019

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.	(a) Michael O’Keeffe (directly); (b) Indirect interest in Ordinary Shares held by Prospect AG Trading Pty Ltd; (c) Indirect interest in Ordinary Shares held by Eastbourne DP Pty Ltd; (d) Indirect interest in Ordinary Shares held by CIP Subsidiary Pty Ltd; (e) Indirect interest in Compensation Options held by Prospect AG Trading Pty Ltd; and (f) Michael O’Keeffe (as trustee for- ATF)-Patrick Michael O’Keeffe and Liam Brendan O’Keeffe.
Date of change	(b) 10 and 11 December 2019 – sale of shares (b) 16 December 2019 – Exercise of Placement Options

• See chapter 19 for defined terms.

01/01/2011 Appendix 3Y Page 1

Appendix 3Y Change of Director’s Interest Notice

No. of securities held prior to change	Before the changes described in this form: a) Michael O’Keeffe held 3,000,000 Employee Share Options, 3,751,900 Ordinary Shares, 128,505 Restricted Share Units and 192,757 Performance Share Units; b) Prospect AG Trading Pty Ltd held 29,862,930 Ordinary Shares; c) Eastbourne DP Pty Ltd held 3,500,000 Ordinary Shares; d) CIP Subsidiary Pty Ltd held 400,000 Ordinary Shares; and e) Prospect AG Trading Pty Ltd held 7,500,000 Compensation Options; f) Michael O’Keeffe (ATF) – Patrick Michael O’Keeffe and Liam Brendon O’Keeffe hold 9,000 ordinary shares
Class	(a) Employee Share Options, Ordinary Shares, Restricted Share Units and Performance Share Units; (b) Ordinary Shares; (c) Ordinary Shares; (d) Ordinary Shares; (e) Compensation Options; and (f) OrdinaryShares
Number acquired	7,500,000 Ordinary Shares on exercise of 7,500,000 Compensation Options by Prospect AG Trading Pty Ltd
Number disposed	1,000,000 ordinary shares by Prospect AG Trading Pty Ltd
Value/Consideration Note: If consideration is non-cash, provide details and estimated valuation	On market sale of 1,000,000 ordinary shares for AUD2,711,464 CAD1,875,000 consideration paid to acquire 7,500,000 ordinary shares on exercise of 7,500,000 Compensation Options.

• See chapter 19 for defined terms.

Appendix 3Y Page 2

01/01/2011

Appendix 3Y Change of Director’s Interest Notice

No. of securities held after change

After the changes described in this form: a) Michael O’Keeffe holds 3,000,000 Employee Share Options, 3,751,900 Ordinary Shares, 128,505 Restricted Share Units and 192,757 Performance Share Units; b) Prospect AG Trading Pty Ltd holds 36,362,930 Ordinary Shares; c) Eastbourne DP Pty Ltd holds 3,500,000 Ordinary Shares; d) CIP Subsidiary Pty Ltd holds 400,000 Ordinary Shares; and e) Michael O’Keeffe (ATF)-Patrick Michael O’Keeffe and Liam Brendan O’Keeffe holds 9,000 ordinary shares

Nature of change Example: on-market trade, off-market trade, exercise of options, issue of securities under dividend reinvestment plan, participation in buy- back

On-market sale of Ordinary Shares and exercise of Placement Options over ordinary shares.

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	Nil
Nature of interest	Nil
Name of registered holder (if issued securities)	Nil
Date of change	Nil
No. and class of securities to which interest related prior to change Note: Details are only required for a contract in relation to which the interest has changed	Nil
Interest acquired	Nil
Interest disposed	Nil

• See chapter 19 for defined terms.

01/01/2011 Appendix 3Y Page 3

Appendix 3Y Change of Director’s Interest Notice

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

Part 3 –[+] Closed period

Were the interests in the securities or contracts No detailed above traded during a[+] closed period where prior written clearance was required? If so, was prior written clearance provided to allow Not Applicable the trade to proceed during this period? If prior written clearance was provided, on what Not Applicable date was this provided?

• See chapter 19 for defined terms.

Appendix 3Y Page 4

01/01/2011

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 30/09/01 Amended 01/01/11

Name of entity : Champion Iron Limited

ABN : 34 119 770 142

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	David Cataford
Date of last notice	Appendix 3X: 28thMay 2019

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 Interest
Nature of indirect interest (including registered holder) Note: Provide details of the circumstances giving rise to the relevant interest.	N/A
Date of change	9 December 2019
No. of securities held prior to change	Ordinary shares: 805,413 Options over ordinary shares: 3,000,000 Restricted share units : 93,458 Performance share units:140,187
Class	Ordinary shares
Number acquired	2,000,000 ordinary shares on exercise of 2,000,000 options over ordinary shares
Number disposed	900,000 ordinary shares

• See chapter 19 for defined terms.

01/01/2011

Appendix 3Y Page 1

Appendix 3Y Change of Director’s Interest Notice

Value/Consideration Note: If consideration is non-cash, provide details and estimated valuation	Total consideration on sale of 900,000 ordinary shares = CAD2,187,000 Total consideration on exercise of options over ordinaryshares = AUD400,000
No. of securities held after change	Ordinary shares: 1,905,413 Options over ordinary shares: 1,000,000 Restricted share units : 93,458 Performance share units: 140,187
Nature of change Example: on-market trade, off-market trade, exercise of options, issue of securities under dividend reinvestment plan, participation in buy-back	Exercise of employee share options and on market sale of ordinary shares

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	Nil
Nature of interest	Nil
Name of registered holder (if issued securities)	Nil
Date of change	Nil
No. and class of securities to which interest related prior to change Note: Details are only required for a contract in relation to which the interest has changed	Nil
Interest acquired	Nil
Interest disposed	Nil
Value/Consideration Note: If consideration is non-cash, provide details and an estimated valuation	Nil
Interest after change	Nil

Part 3 –[+] Closed period

• See chapter 19 for defined terms.

Appendix 3Y Page 2

01/01/2011

Appendix 3Y Change of Director’s Interest Notice

Were the interests in the securities or contracts detailed above traded during a+closed period whereprior written clearance was required?	No
If so, was prior written clearance provided to allow the trade toproceed during thisperiod?	Not applicable
If prior written clearance was provided, on what date was thisprovided?	Not applicable

• See chapter 19 for defined terms.

01/01/2011

Appendix 3Y Page 3