NANOSONICS LIMITED — Director's Dealing 2020

Feb 17, 2020

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Nanosonics Limited ABN 11 095 076 896 14 Mars Road Lane Cove NSW 2066 Australia T: +61 2 8063 1600 F: +61 2 9418 3743 E:info@nanosonics.com.au www.nanosonics.com.au

18 February 2020

Company Announcements Office Australian Securities Exchange

Appendix 3Y Change of Director’s Interest Notice

Attached is an Appendix 3Y - Change of Director’s Interest Notice in respect of changes in the relevant interests in securities held by Mr Michael Kavanagh, Chief Executive Officer and President.

On 18 February 2020, Mr Kavanagh acquired 19,547 Performance Rights under the 2019 Short Term Incentive, in accordance with the approval given by shareholders at the Company’s Annual General Meeting on 18 November 2019.

The attached Appendix 3Y also discloses that 10,534 Performance Rights and 52,826 Options associated with the 2016 Long Term Incentive were forfeited on 30 August 2019, as indicated in section 4.5 of the Company’s 2019 Remuneration Report. The delay in disclosing the forfeiture of the Performance Rights and Options to the ASX, as required by Listing Rule 3.19A.2, was an administrative oversight. To mitigate against this issue occurring in the future, the Company, together with its share plan administrator, has implemented a process change to ensure that automatic alerts are generated whenever there is a change in the relevant interests of any Key Management Personnel. The Company considers that the arrangements indicated above are sufficient to ensure ongoing compliance with listing rule 3.19A.2.

After taking into account the above, Mr Kavanagh continues to hold 1,018,363 shares. In addition, Mr Kavanagh holds 383,182 Performance Rights and 785,789 Options, which are subject to various vesting conditions.

McGregor Grant Secretary

Appendix 3Y Change of Director’s Interest Notice

Rule 3.19A.2

Appendix 3Y

Change of Director’s Interest Notice

Information or documents not available now must be given to ASX as soon as available. Information and documents given to ASX become ASX’s property and may be made public.

Introduced 30/09/01 Amended 01/01/11

Name of entity		Nanosonics Limited
ABN	11	095 076 896

We (the entity) give ASX the following information under listing rule 3.19A.2 and as agent for the director for the purposes of section 205G of the Corporations Act.

Name of Director	Mr Michael Kavanagh
Date of last notice	26 February 2019

Part 1 - Change of director’s relevant interests in securities

In the case of a trust, this includes interests in the trust made available by the responsible entity of the trust

Note: In the case of a company, interests which come within paragraph (i) of the definition of “notifiable interest of a director” should be disclosed in this part.

Direct or indirect interest	a) Indirect Interest b) Indirect Interest c) Indirect Interest d) Direct Interest
Nature of indirect interest (including registered holder) Note: Provide details of the circumstances giving rise to the relevant interest.	a) Performance Rights held in the Nanosonics Employee Share Option Plan. b) Performance Rights held in the Nanosonics Omnibus Equity Plan c) Options held in the Nanosonics Omnibus Equity Plan
Date of change	18 February 2020
No. of securities held prior to change	a) 206,882 Performance Rights held in the Nanosonics Employee Share Option Plan. b) 167,287 Performance Rights held in the Nanosonics Omnibus Equity Plan. c) 838,615 Options held in the Nanosonics Omnibus Equity Plan. d) 1,018,363 (Direct) Ordinary Shares.

• See chapter 19 for defined terms.

01/01/2011 Appendix 3Y Page 1

Appendix 3Y Change of Director’s Interest Notice

Class	a) Performance Rights b) Performance Rights c) Options d) Ordinary Shares
Number acquired	19,547 Performance Rights
Number disposed	Forfeiture of 10,534 Performance Rights and 52,826 Options
Value/Consideration Note: If consideration is non-cash, provide details and estimated valuation	N/A
No. of securities held after change	a) 206,882 Performance Rights held in the Nanosonics Employee Share Option Plan. b) 176,300 Performance Rights held in the Nanosonics Omnibus Equity Plan. c) 785,789 Options held in the Nanosonics Omnibus Equity Plan. d) 1,018,363 (Direct) Ordinary Shares.
Nature of change Example: on-market trade, off-market trade, exercise of options, issue of securities under dividend reinvestment plan, participation in buy- back	Issue and forfeiture under the terms and conditions of the Nanosonics Omnibus Equity Plan.

• See chapter 19 for defined terms.

Appendix 3Y Page 2

01/01/2011

Appendix 3Y Change of Director’s Interest Notice

Part 2 – Change of director’s interests in contracts

Note: In the case of a company, interests which come within paragraph (ii) of the definition of “notifiable interest of a director” should be disclosed in this part.

Detail of contract	N/A
Nature of interest
Name of registered holder (if issued securities)
Date of change
No. and class of securities to which interest related prior to change Note: Details are only required for a contract in relation to which the interest has changed
Interest acquired
Interest disposed
Value/Consideration Note: If consideration is non-cash, provide details and an estimated valuation
Interest after change

Part 3 –[+] Closed period

Were the interests in the securities or contracts detailed above traded during a[+] closed period where prior written clearance was required? If so, was prior written clearance provided to allow the trade to proceed during this period? If prior written clearance was provided, on what date was this provided?

Director: Mr. Michael Kavanagh Date: 18 February 2020

• See chapter 19 for defined terms.

01/01/2011 Appendix 3Y Page 3