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NANOVEU LIMITED — Capital/Financing Update 2021
Jan 4, 2021
65457_rns_2021-01-04_a9d754b8-6da8-401d-8bfc-c4e40b4254c2.pdf
Capital/Financing Update
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Nanoveu Limited U1, 18 Olive Street Subiaco WA 6008 +61 8 6244 9095 www.nanoveu.com
ASX RELEASE
5 January 2021 ASX: NVU
Expiry of Performance Rights
Nanoveu Limited (Nanoveu) hereby advises the following performance rights (NVUAI) were forfeited due to either the holder no longer being employed by the Company or the hurdle not being achieved:
| Tranche | Performance Rights Hurdle | NumberForfeited |
|---|---|---|
| B | First sales of EyeFyx products achieved by 31 March 2021 | 15,000 |
| C | Completion of iPhone Series X production of at least 100,000 units | 9,000 |
| D | Completion of production of the first three Android models of at least100,000 units | 8,000 |
| E | Completion of gaming software development kit or launch of first five3D games introduced to market | 8,000 |
| F | Securingdistribution in China with sales of at least 100,000 units | 10,000 |
| H | $5m of sales revenue across all products by 31 December 2020 asvalidated from audited / reviewed financial reports | 1,155,000 |
| Total | 1,205,000 |
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This announcement has been authorised for release by Nanoveu’s Executive Chairman and CEO
For further information, please contact:
Alfred Chong Executive Chairman and CEO
t: +65 6557 0155 e: [email protected]
For media / investor enquiries, please contact: David Tasker / Alex Baker Chapter One Advisors
t: + 61 433 112 936 / +61 432 801 745 e: [email protected]