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DOTZ NANO LIMITED — Remuneration Information 2011
Nov 24, 2011
64794_rns_2011-11-24_a5451770-a6ab-4fc4-837a-808617556840.pdf
Remuneration Information
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ASX ANNOUNCEMENT 25 October 2011
ISSUE / LAPSE OF PERFORMANCE RIGHTS
Northern Iron Limited (ASX: NFE, “Company”) advises that 150,000 new performance rights have been issued under the Company’s Performance Rights Plan.
Half of the new performance rights are subject to share price hurdles of between $2.35 and $3.50, with the balance being subject to additional vesting conditions linked to both market and non-market performance conditions and service periods as set out in the table at Appendix A.
The Company advises further that 400,000 performance rights previously issued under the Company’s Performance Rights Plan have lapsed in accordance with their terms of issue. Following these changes the Company has the following securities on issue:
Fully paid ordinary shares 336,084,863 Unlisted Options 1,500,000 Unlisted Performance Rights 400,000
Yours faithfully
Alex Neuling
Company Secretary
APPENDIX A
VESTING CONDITIONS APPLICABLE TO NEW PERFORMANCE RIGHTS
| No. of Rights | Vesting Date | Expiry | Share Price Hurdle(5-day VWAP) | Total Shareholder Return | OtherperformanceKPIs |
|---|---|---|---|---|---|
| Weighting | 50% | 25% | 25% | ||
| 50,000 | 28/2/2013 | 28/5/2013 | $2.35 | At or above the average forASX All Ordinaries Indexforthevesting period | |
| 50,000 | 28/2/2014 | 28/5/2014 | $3.00 | At or above the average forASX All Ordinaries Indexfor the vesting period | |
| 50,000 | 28/2/2015 | 28/5/2015 | $3.50 | At or above the average forASX All Ordinaries Indexfor the vesting period | |
| 150,000 |