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CIVMEC LIMITED — Remuneration Information 2021
Sep 30, 2021
64729_rns_2021-09-30_4ec21248-0b86-4537-8b0d-b4c3ee39b1ad.pdf
Remuneration Information
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CIVMEC LIMITED
(Company Registration Number 201011837H)
GRANT OF PERFORMANCE RIGHTS PURSUANT TO CIVMEC KEY SENIOR EXECUTIVES’ PERFORMANCE RIGHTS PLAN
The Board of Directors of Civmec Limited (the “Company”) advises that it has completed the issue of 1,439,000 performance rights to key management personnel and management under the Company’s Civmec Key Senior Executives’ Performance Rights Plan.
As required under ASX listing rules, an Appendix 3G for the issue of the Performance Rights will follow this announcement.
The Company confirms that, following the security issues described above, its capital structure is as follows:
| Security | Number |
|---|---|
| Shares | 502,450,000 |
| Unquoted Options exercisable at S$0.65 onor before 11 September 2023 | 4,000,000 |
| Unquoted Performance Rights issued underthe Company’s Performance Rights Plan1 | 9,897,000 |
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Details of the Performance Rights Being Granted
-
(a) Date of grant of Performance Rights
-
:
01 October 2021
- (b) Number of Performance Rights granted :
1,439,000
- (c) Market Price of the Company’s shares on : the date of grant
S$0.575 (approximately A$0.587)
- (d) Number of Performance Rights granted to : each director and controlling shareholder (and each of their associates), if any
NIL
-
(e) Validity period of the Performance Rights
-
: Rights will be vest based on outcomes of the 3 year performance period 1 July 2021 to 30 June 2024
This Announcement is approved for release to the ASX and SGX by the Board
*** End of Release** *****
About Civmec Limited
Civmec is an integrated, multi-disciplinary construction and engineering services provider to the Oil & Gas, Metals & Minerals, Infrastructure and Marine & Defence sectors. Headquartered in Henderson, Western Australia, Civmec has regional offices in Newcastle (New South Wales, Australia) Gladstone (Queensland, Australia) and Port Hedland Western Australia. The company is listed on the SGX (Singapore) and the ASX (Australia). Its core capabilities include heavy engineering, shipbuilding, modularisation, SMP (structural, mechanical and piping), EIC (electrical, instrumentation and control), precast concrete, site civil works, industrial insulation, maintenance, surface treatment, refractory and access solutions.
For more information, please contact [email protected] or visit our website at www.civmec.com.au.
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