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PTR MINERALS LTD — Capital/Financing Update 2024
Dec 23, 2024
65621_rns_2024-12-23_8f20435a-adfd-472b-b83a-bfd1be3235d8.pdf
Capital/Financing Update
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24 December 2024
Proposed Issue of Securities
Petratherm Limited (ASX: PTR) ( PTR or the Company ) wishes to advise of the following proposed issue of incentive securities (Incentives) to the Non-Executive Directors (or their nominees). The Incentives are subject to service over a three (3) year period and subject to shareholder approval.
The Incentives are proposed to be issued as Zero Exercise Price Options (ZEPOs).
| Chairman – Mr Derek Carter | Subject to the service condition* being satisfied: - 250,000 ZEPOs to vest 31/12/25 (vesting date) - 250,000 ZEPOs to vest 31/12/26 (vesting date) - 250,000 ZEPOs to vest 31/12/27 (vesting date) |
|---|---|
| Non-Executive Director – Mr Simon O’Loughlin |
Subject to the service condition* being satisfied: - 200,000 ZEPOs to vest 31/12/25 (vesting date) - 200,000 ZEPOs to vest 31/12/26 (vesting date) - 200,000 ZEPOs to vest 31/12/27 (vesting date) |
| Non-Executive Director – Mr Simon Taylor |
Subject to the service condition* being satisfied: - 200,000 ZEPOs to vest 31/12/25 (vesting date) - 200,000 ZEPOs to vest 31/12/26 (vesting date) - 200,000 ZEPOs to vest 31/12/27 (vesting date) |
| Non-Executive Director – Mr Donald Stephens |
Subject to the service condition* being satisfied: - 200,000 ZEPOs to vest 31/12/25 (vesting date) - 200,000 ZEPOs to vest 31/12/26 (vesting date) - 200,000 ZEPOs to vest 31/12/27 (vesting date) |
*Service Condition: to remain a director of the Company during the vesting period.
All vested ZEPOs will expire two (2) years from the relevant vesting date.
The proposed issue of ZEPOs is subject to shareholder approval, the Company intends to call an Extraordinary General Meeting in due course.
ENDS
This announcement has been authorised for release on the ASX by the Company’s Board of Directors.
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P +61 8 8133 5000 E [email protected] petratherm.com.au
@petratherm-ltd @petrathermltd
PETRATHERM LIMITED ASX: PTR
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For further information: Peter Reid Chief Executive Officer [email protected] 0435 181 705
Media and Broker Contact Jason Mack White Noise Communications [email protected] 0400 643 799
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P +61 8 8133 5000 E [email protected] petratherm.com.au
@petratherm-ltd
PETRATHERM LIMITED ASX: PTR
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@petrathermltd