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RENT.COM.AU LIMITED — Share Issue/Capital Change 2017
Jun 12, 2017
65722_rns_2017-06-12_29857f16-c461-4308-b372-693d5c40c7bc.pdf
Share Issue/Capital Change
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9 June 2017
ASX Announcement
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RELEASE OF ESCROWED SHARES
Rent.com.au Limited (ASX: RNT ) ( “RENT” or “the Company” ), Australia’s Number 1 website dedicated to rental property advises that the following securities are due to be released from escrow on 23 June 2017.
| Security Description | Number | Comments |
|---|---|---|
| Fully Paid Ordinary Shares | 19,421,956 | |
| Class B Performance Shares | 4,355,255 | Convert upon achievement of $10 million revenue in 12months on or before 31 December 2018 |
| Class C Performance Shares | 6,184,283 | Convert upon achievement of $3 million EBITDA in 12months on or before 31 December 2019 |
| Tranche 2 Performance Rights | 117,277 | Convert upon achievement of $10 million revenue in 12months on or before 31 December 2018 |
| Tranche 3 Performance Rights | 117,277 | Convert upon achievement of $3 million EBITDA in 12months on or before 31 December 2019 |
| Tranche 5 Performance Rights | 240,416 | Convert upon achievement of $10 million revenue in 12months on or before 31 December 2018 |
| Tranche 6 Performance Rights | 240,416 | Convert upon achievement of $3 million EBITDA in 12months on or before 31 December 2019 |
| Tranche 1 Employee Options | 10,000,000 | Vested.Exercisable at $0.25 on or before 23 June 2020 |
| Tranche 2 Employee Options | 4,500,000 | Vested.Exercisable at $0.25 on or before 23 June 2020 |
| Tranche 3 Employee Options | 4,500,000 | Vested.Exercisable at $0.25 on or before 23 June 2020 |
| Tranche 4 Employee Options | 4,016,668 | Vested.Exercisable at $0.30 on or before 23 June 2020 |
| Tranche 5 Employee Options | 4,016,666 | Vested.Exercisable at $0.30 on or before 23 June 2020 |
| Tranche 6 Employee Options | 4,016,666 | Unvested. Vest upon share price achieving 20 day VWAPof $0.60. Upon vesting will be exercisable at $0.30 on orbefore 23 June 2020 |
| Advisor Options | 7,000,000 | Vested.Exercisable at $0.30 on or before 23 June 2020 |
The Fully Paid Ordinary Shares and Performance Shares were issued to vendors upon the re-listing of the Company on 23 June 2015. The Performance Rights and Employee Options were issued to employees of the Company upon the re-listing of the Company on 23 June 2015 pursuant to the Long-Term Incentive Plan approved by shareholders. The Advisor Options were issued to advisors of the Company upon the re-listing of the Company on 23 June 2015.
Following release from escrow of the above securities on 23 June 2017, there are no remaining securities of the Company that are subject to escrow.
Jan Ferreira Company Secretary