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LIONTOWN LIMITED — Capital/Financing Update 2021
May 2, 2021
65274_rns_2021-05-02_a75d7dd6-3513-4b6a-aa04-7f1f346f660f.pdf
Capital/Financing Update
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----- Start of picture text ----- ASX Announcement (ASX: LTR)----- End of picture text -----
3 May 2021
Proposed Issue of Unlisted Performance Rights pursuant to ESIP
Liontown Resources Limited (ASX: LTR) (‘Liontown’ or the ‘Company’) advises that the Board has resolved to issue a total of 7,099,333 unlisted performance rights to executives and employees of the Company under the terms and conditions of the Liontown Employee Securities Incentive Plan as set out below.
The unlisted performance rights will be issued under the terms and conditions of the Company’s Employee Securities Incentive Plan and will be subject to vesting conditions.
The Company provides the following information in relation to the proposed issue:
| Number | Vesting | Expiry | |
|---|---|---|---|
| CEO sign-onperformance rights | 1,250,0001,250,000 | 1 July 20221 July 2023 | 1 July 20231 July 2024 |
| Short Term incentiveperformance rights | 1,149,832 | 30 June 2022 subject tovarious vesting criteria | 30 June 2023 |
| Long Term incentiveperformance rights | 3,449,501 | 30 June 2024 subject tovarious vesting criteria | 30 June 2025 |
| TOTAL | 7,099,333 |
The issue of 712,385 performance rights to David Richards, who is a Director, is subject to shareholder approval to be sought at the Company’s next shareholders meeting.
This announcement has been authorised for release by the Board.
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Tim Goyder Chairman
For More Information:
Craig Hasson Company Secretary T: +61 8 6186 4600 [email protected]
Investor Relations:
Nicholas Read Read Corporate T: +61 8 9388 1474 [email protected]
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----- Start of picture text ----- Liontown Resources Limited | ABN 39 118 153 825Level 2, 1292 Hay Street, West Perth WA 6005, Australia | PO Box 2890, Perth WA 6001T: +61 (0) 8 6186 4600 | E: [email protected] | www.ltresources.com.au----- End of picture text -----