HEALIUS LIMITED — Capital/Financing Update 2017

Mar 28, 2017

ASX Announcement (ASX: PRY)

ASX Limited Market Announcements Office Exchange Centre Level 4, 20 Bridge Street SYDNEY NSW 2000

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ACN 064 530 516 REGISTERED OFFICE: LEVEL 6, 203 PACIFIC HIGHWAY ST LEONARDS NSW 2065 TEL: +61 2 9432 9400 FAX: +61 2 9432 9447

29 March 2017

Primary Health Care Limited (ASX: PRY) ‐ ASX Listing Rule 3.10.3 announcement Proposed Issue of Securities ‐ Employee Service Rights

For the purposes of ASX Listing Rule 3.10.3, Primary Health Care Limited (ASX: PRY) provides the following information in relation to the proposed issue of securities.

Information required under Listing Rule 3.10.3		Information provided by PRY	Information provided by PRY
Class of securities to be issued		Indeterminate Rights (the Right on exercise to an ordinary PRY Share, or equivalent cash value).
Number of securities to be issued		329,510.
Principal terms of securities to be issued		The Rights are subject to a 12 month service test. The Shares that result from the exercise of the Rights, if any, will rank equally with existing ordinary shares in PRY. The Shares resulting from exercise of the Rights, if any, are expected to be issued on 23 February 2018.
Issue price or consideration		Nil.
Purpose of the issue		The Rights form part of the remuneration package of key management personnel in FY17. The Rights are to be issued as part of retention bonuses offered to key executives. The retention bonuses are intended to ensure that key executives are retained to lead PRY during the period of uncertainty following the Managing Director & CEO’s resignation, in order to drive continued execution of PRY’s strategy and deliver value to its shareholders. The retention bonuses are comprised of a combination of cash and the Rights as follows: Cash $1,637,295 Rights $1,091,530 TOTAL $2,728,825
		Cash	$1,637,295
		Rights	$1,091,530
		TOTAL	$2,728,825

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Whether the entity will seek security holder approval in relation to the proposed issue	Security holder approval is not required for the issue of the Rights.
Whether the issue will be to a class of security holders	No.

PRY will lodge the relevant Appendix 3B when the new securities are issued.

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Charles Tilley Group Company Secretary

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