FLEXIROAM LIMITED — Share Issue/Capital Change 2022

Jun 20, 2022

Notification of Issue, Conversion or Payment up of Unquoted Equity Securities

==> picture [21 x 22] intentionally omitted <==

Announcement Summary

Entity name

FLEXIROAM LIMITED

Date of this announcement

Tuesday June 21, 2022

The +securities the subject of this notification are:

==> picture [8 x 9] intentionally omitted <==

+Other securities issued under an +employee incentive scheme that are not intended to be quoted on ASX

Total number of +securities to be issued/transferred

		Total number of
ASX +security		+securities to be
code	Security description	issued/transferred	Issue date
New class - code	FY2023 CEO Performance Rights subject to	10,000,000	21/06/2022
to be confirmed	vesting conditions
New class - code	Executive Performance Right	1	21/06/2022
to be confirmed

Refer to next page for full details of the announcement

Notification of Issue, Conversion or Payment up of Unquoted E it S iti

1 / 8

Notification of Issue, Conversion or Payment up of Unquoted Equity Securities

==> picture [21 x 22] intentionally omitted <==

Part 1 - Entity and announcement details

1.1 Name of entity

FLEXIROAM LIMITED

We (the entity named above) give notice of the issue, conversion or payment up of the following unquoted +securities.

1.2 Registered number type

ABN

Registration number

27143777397

1.3 ASX issuer code

FRX

1.4 The announcement is

==> picture [8 x 8] intentionally omitted <==

New announcement

1.5 Date of this announcement

21/6/2022

Notification of Issue, Conversion or Payment up of Unquoted E it S iti

2 / 8

Notification of Issue, Conversion or Payment up of Unquoted Equity Securities

Part 2 - Issue details

==> picture [21 x 22] intentionally omitted <==

2.1 The +securities the subject of this notification are:

==> picture [8 x 8] intentionally omitted <==

+Other securities issued under an +employee incentive scheme that are not intended to be quoted on ASX

2.2a This notification is given in relation to an issue of +securities in a class which is not quoted on ASX and which:

==> picture [8 x 8] intentionally omitted <==

does not have an existing ASX security code ("new class")

Notification of Issue, Conversion or Payment up of Unquoted E it S iti

3 / 8

Notification of Issue, Conversion or Payment up of Unquoted Equity Securities

==> picture [21 x 22] intentionally omitted <==

Part 3C - number and type of +securities the subject of this notification (new class) where issue has not previously been notified to ASX in an Appendix 3B

ASX +security code +Security description New class - code to be confirmed FY2023 CEO Performance Rights subject to vesting conditions +Security type ISIN code Other

Date the +securities the subject of this notification were issued

21/6/2022

Will all the +securities issued in this class rank equally in all respects from their issue date? Yes

Were any of the +securities issued to +key management personnel (KMP) or an +associate? Yes

Provide details of the KMP or +associates being issued +securities.

Name of KMP	Name of registered holder	Number of +securities
Marc Barnett	Marc Barnett	10,000,000

Please provide a URL link for a document lodged with ASX setting out the material terms of the +securities being issued.

Refer Schedule 2 of the 2022 Notice of Annual General Meeting for terms and conditions of the FY2023 CEO Performance Rights (see link below) https://cdn-api.markitdigital.com/apiman-gateway/ASX/asx-research/1.0/file/2924-02523454-6A1092401?access_token=8 3ff96335c2d45a094df02a206a39ff4

Please provide a URL link for a document lodged with ASX detailing the terms of the +employee incentive scheme or a summary of the terms https://cdn-api.markitdigital.com/apiman-gateway/ASX/asx-research/1.0/file/2924-02523454-6A1092401?access_token=8 3ff96335c2d45a094df02a206a39ff4

Any other information the entity wishes to provide about the +securities the subject of this notification

N/A

Notification of Issue, Conversion or Payment up of Unquoted E it S iti

4 / 8

Notification of Issue, Conversion or Payment up of Unquoted Equity Securities

==> picture [21 x 22] intentionally omitted <==

Issue details

Number of +securities

10,000,000

ASX +security code New class - code to be confirmed	+Security description Executive Performance Right
+Security type	ISIN code
Other

Date the +securities the subject of this notification were issued 21/6/2022

Will all the +securities issued in this class rank equally in all respects from their issue date? Yes

Were any of the +securities issued to +key management personnel (KMP) or an +associate? Yes

Provide details of the KMP or +associates being issued +securities.

Name of KMP Name of registered holder Number of +securities Marc Barnett Marc Barnett 1 Please provide a URL link for a document lodged with ASX setting out the material terms of the +securities being issued. Refer Schedule 4 of the 2022 Notice of Annual General Meeting for terms and conditions of the Executive Performance Right granted to Marc Barnett (see link below) Please provide a URL link for a document lodged with ASX detailing the terms of the +employee incentive scheme or a summary of the terms https://cdn-api.markitdigital.com/apiman-gateway/ASX/asx-research/1.0/file/2924-02523454-6A1092401?access_token=8-api.markitdigital.com/apiman-gateway/ASX/asx-research/1.0/file/2924-02523454-6A1092401?access_token=8api.markitdigital.com/apiman-gateway/ASX/asx-research/1.0/file/2924-02523454-6A1092401?access_token=8-gateway/ASX/asx-research/1.0/file/2924-02523454-6A1092401?access_token=8gateway/ASX/asx-research/1.0/file/2924-02523454-6A1092401?access_token=8-research/1.0/file/2924-02523454-6A1092401?access_token=8research/1.0/file/2924-02523454-6A1092401?access_token=8-02523454-6A1092401?access_token=802523454-6A1092401?access_token=8-6A1092401?access_token=86A1092401?access_token=8

Please provide a URL link for a document lodged with ASX detailing the terms of the +employee incentive scheme or a summary of the terms https://cdn-api.markitdigital.com/apiman-gateway/ASX/asx-research/1.0/file/2924-02523454-6A1092401?access_token=8-api.markitdigital.com/apiman-gateway/ASX/asx-research/1.0/file/2924-02523454-6A1092401?access_token=8api.markitdigital.com/apiman-gateway/ASX/asx-research/1.0/file/2924-02523454-6A1092401?access_token=8-gateway/ASX/asx-research/1.0/file/2924-02523454-6A1092401?access_token=8gateway/ASX/asx-research/1.0/file/2924-02523454-6A1092401?access_token=8-research/1.0/file/2924-02523454-6A1092401?access_token=8research/1.0/file/2924-02523454-6A1092401?access_token=8-02523454-6A1092401?access_token=802523454-6A1092401?access_token=8-6A1092401?access_token=86A1092401?access_token=8 3ff96335c2d45a094df02a206a39ff4

Any other information the entity wishes to provide about the +securities the subject of this notification

The Executive Performance Right is based on a set of performance measures and the actual number of shares to be issued upon vesting of the performance right will be calculated in accordance with a formula. Refer section 10 of the AGM notice for further details.

Notification of Issue, Conversion or Payment up of Unquoted E it S iti

5 / 8

Notification of Issue, Conversion or Payment up of Unquoted Equity Securities

==> picture [21 x 22] intentionally omitted <==

Issue details

Number of +securities

1

Notification of Issue, Conversion or Payment up of Unquoted E it S iti

6 / 8

Notification of Issue, Conversion or Payment up of Unquoted Equity Securities

==> picture [21 x 22] intentionally omitted <==

Part 4 - +Securities on issue

Following the issue, conversion or payment up of the +securities the subject of this application, the +securities of the entity will comprise:

(A discrepancy in these figures compared to your own may be due to a matter of timing if there is more than one application for quotation/issuance currently with ASX for processing.)

4.1 Quoted +Securities (Total number of each +class of +securities quoted)

	Total number of
ASX +security code and description	+securities on issue
FRX : ORDINARY FULLY PAID	641,613,276
FRXO : OPTION EXPIRING 31-OCT-2022	65,620,842

4.2 Unquoted +Securities (Total number of each +class of +securities issued but not quoted on ASX)

	Total number of
ASX +security code and description	+securities on issue
FRXAE : SHARE RIGHTS	1,800,000
New class - code to be confirmed : FY2023 CEO Performance Rights subject to vesting	10,000,000
conditions
New class - code to be confirmed : Executive Performance Right	1

Notification of Issue, Conversion or Payment up of Unquoted E it S iti

7 / 8

Notification of Issue, Conversion or Payment up of Unquoted Equity Securities

==> picture [21 x 22] intentionally omitted <==

Part 5 - Other Listing Rule requirements

5.1 Were the +securities issued under an exception in Listing Rule 7.2 and therefore the issue did not need any security holder approval under Listing Rule 7.1? Yes

5.1a Select the number of the applicable exception in Listing Rule 7.2

14

Notification of Issue, Conversion or Payment up of Unquoted E it S iti

8 / 8