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REDIVIUM LIMITED — Capital/Financing Update 2015
Dec 9, 2015
65703_rns_2015-12-09_fe1730f6-9c19-44d6-b224-3b8ccb6562fd.pdf
Capital/Financing Update
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10 December 2015
ASX & MEDIA ANNOUNCEMENT
Exercise Price of Unlisted Options (Tranche 2)
Hannans Reward Ltd (ASX: HNR) (Hannans or the Company) notes that at the Company’s Annual General Meeting in 2014 shareholders approved the issue of options to employees.
As required by the ASX Listing Rules Hannans can now advise that option exercise price for the Tranche 2 options have been set. The exercise price of the options is calculated by taking the volume weighted average share price for Hannans for the 10 trading days after 20 November 2015 and adding a premium of 50%.
Please note that no new or additional options have been, or are being issued as a result of this ASX release.
The updated capital structure of Hannans is therefore as follows:
| Updated Capital Structure | |
|---|---|
| OrdinaryFullyPaid Shares listed on the ASX | 721,966,133 |
| (Tranche 1) | 12,016,668 |
| Unlisted Options exercisable at 0.8 cents on or before | |
| 20 November 2017 | |
| (Tranche 2) | 12,016,668 |
| Unlisted Options exercisable at 0.5 cents*on or before | |
| 20 November 2018 | |
| Unlisted Options exercisable on or before 20 November 2019 | 12,016,664 |
| Exercise price calculated from the VWAP for 10 trading days after | |
| 20 November 2016 PLUS apremium of 50% |
- Exercise price is calculated from the VWAP for 10 trading days after 20 November 2015 PLUS a premium of 50%.
For further information please contact:
Damian Hicks Managing Director +61 419 930 087 (Telephone) [email protected] (Email)