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JCURVE SOLUTIONS LTD — Share Issue/Capital Change 2024
Nov 18, 2024
65158_rns_2024-11-18_1bf09d5c-325d-46b1-956b-08720964cf8c.pdf
Share Issue/Capital Change
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Appendix 3G - Notification of issue, conversion or payment up of unquoted equity securities
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Announcement Summary
Entity name
JCURVE SOLUTIONS LTD
Date of this announcement
Tuesday November 19, 2024
The +securities the subject of this notification are:
+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 PERFORMANCE RIGHTS 31-DEC-26 VWAP 10C 5,500,000 19/11/2024 to be confirmed
Refer to next page for full details of the announcement
Appendix 3G - Notification of issue, conversion or payment up of unquoted equity securities
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Appendix 3G - Notification of issue, conversion or payment up of unquoted equity securities
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Part 1 - Entity and announcement details
1.1 Name of entity
JCURVE SOLUTIONS LTD
We (the entity named above) give notice of the issue, conversion or payment up of the following unquoted +securities.
1.2 Registered number type Registration number ABN 63088257729
1.3 ASX issuer code
JCS
1.4 The announcement is
New announcement
1.5 Date of this announcement
19/11/2024
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Appendix 3G - Notification of issue, conversion or payment up of unquoted equity securities
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Part 2 - Issue details
2.1 The +securities the subject of this notification are:
+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:
does not have an existing ASX security code ("new class")
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Appendix 3G - Notification of issue, conversion or payment up of unquoted equity securities
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Part 3C - number and type of +securities the subject of this notification (new class)
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----- Start of picture text ----- ASX +security code +Security descriptionNew class - code to be confirmed PERFORMANCE RIGHTS 31-DEC-26 VWAP 10C----- End of picture text -----
| ASX +security codeNew class - code to be confirmed | +Security descriptionPERFORMANCE RIGHTS 31-DEC-26 VWAP 10C |
|---|---|
| +Security type | ISIN code |
| Other | |
| Date the +securities the subject of this notification were issued | |
| 19/11/2024 |
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
| Yes | Yes | |
|---|---|---|
| Provide details of the KMP or +associates being issued +securities. | ||
| Name of KMP | Name of registered holder | Number of +securities |
| CHRISTOPHER KING | CHRISTOPHER KING | 1,000,000 |
| ANTON POSTHUMUS | ANTON POSTHUMUS | 2,000,000 |
Please provide a URL link for a document lodged with ASX setting out the material terms of the +securities being issued.
- 30 Day Volume Weighted Average Share Price (VWAP) for any (continuous) 30 day period ending 31 December 2026, equals or exceeds 10.0 cents, then 100% of those performance rights (as outlined in the Performance Rights Granted section above) will vest. The share price hurdle is cliff face with no intermediate
share price thresholds. If the performance condition is not met as at 31 December 2026, then these Performance Rights will automatically lapse.
- Continuous employment with JCurve Solutions from the date the Performance Rights are granted until at least 1 July 2025 is a mandatory condition. In addition, you must remain employed with JCurve Solutions through the Vesting Date of 31 December 2026. If you leave employment for any reason before 1 July 2025 or do not remain employed at the Vesting Date, those Performance Rights will lapse, unless the Board determines otherwise depending on the circumstances of your termination.
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
Annexure A of the 2023 AGM Notice of Meeting https://cdn-api.markitdigital.com/apiman-gateway/ASX/asx-research/1.0/file/2924-02725968-2A1481133
Any other information the entity wishes to provide about the +securities the subject of this notification
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Appendix 3G - Notification of issue, conversion or payment up of unquoted equity securities
Issue details
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Number of +securities
5,500,000
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Part 4 - +Securities on issue
Following the issue, conversion or payment up of the +securities the subject of this notification, the +securities of the entity will comprise:
The figures in parts 4.1 and 4.2 below are automatically generated and may not reflect the entity's current issued capital if other Appendix 2A, Appendix 3G or Appendix 3H forms are currently with ASX for processing.
4.1 Quoted +securities (Total number of each +class of +securities issued and quoted on ASX)
| Total number of | |
|---|---|
| ASX +security code and description | +securities on issue |
| JCS : ORDINARY FULLY PAID | 330,343,439 |
| 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 |
| JCSAC : PERFORMANCE RIGHTS | 12,000,000 |
| JCSAD : SERVICE RIGHTS | 4,000,000 |
| New class - code to be confirmed : PERFORMANCE RIGHTS 31-DEC-26 VWAP 10C | 5,500,000 |
4.2 Unquoted +securities (Total number of each +class of +securities issued but not quoted on ASX)
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Appendix 3G - Notification of issue, conversion or payment up of unquoted equity securities
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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
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