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RENT.COM.AU LIMITED — Share Issue/Capital Change 2021
Oct 27, 2021
65722_rns_2021-10-27_59459de8-a5c9-4dc6-90be-13e7838ee1f2.pdf
Share Issue/Capital Change
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Rent.com.au Limited GPO Box 2543 Perth WA 6001 www.rent.com.au
28 October 2021
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Rent.com.au Limited (ASX: RNT ) ( “RENT” or “the Company” ) advises that it has issued a total 8,208,333 Performance Rights to members of its senior management team under the terms of the Employee Long Term Incentive Plan approved by shareholders in 2019.
The vesting criteria for the performance rights are outlined in the table below:
| Performance CriteriaIn lieu of proportion of base salary | PerformanceRightsServiceCondition333,33330 June 2022 |
|---|---|
| Achieve 100% TSR by 30 June 2024Achieve 150% TSR by 30 June 2024Achieve 200% TSR by 30 June 2024Achieve >$5.0m revenue in FY22 (61% annual growth)Achieve >$5.5m revenue in FY22 (77% annual growth)Achieve >$6.0m revenue in FY22 (94% annual growth)Achieve >200k paying RentPay customers by 30 June 2023Achieve >50% of FY24 revenue from new (since FY21) sources | 2,975,00030 June 2024743,75030 June 2024743,75030 June 2024525,00030 June 2024131,25030 June 2024131,25030 June 20241,312,50030 June 20241,312,50030 June 20248,208,333 |
The Company has also today cancelled 2,025,000 Performance Rights issued during FY21 where the performance criteria has not been met.
An Appendix 3G has been lodged in respect of the new issue of Performance Rights.
By order of the Board
[lodged electronically without signature]
Jan Ferreira Company Secretary
Following this issue and cancellation the Company has the following securities on issue:
| ASX CODE | DESCRIPTION | NUMBER |
|---|---|---|
| RNT | ORDINARY FULLY PAID | 398,192,688 |
| RNTAA | OPTIONS EXPIRING 01-DEC-2025 EX VARIOUS | 7,200,000 |
| RNTAK | PERFORMANCE RIGHTS | 19,683,333 |
| RNTAG | OPTION EXPIRING 06-FEB-2022 | 5,982,028* |
- option has VWAP exercise price and therefore number of securities cannot be determined until exercise
ABN 25 062 063 692 3 Craig Street, BURSWOOD WA 6100
@rentcomau T: + 61 8 6145 2600 www.investors.rent.com.au E: [email protected]