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TALISMAN MINING LIMITED — AGM Information 2016
Nov 9, 2016
65926_rns_2016-11-09_c3b36029-7ca4-4844-a9ce-4640ef42a1e1.pdf
AGM Information
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ASX Media Release – 10 November 2016
AGM UPDATE
Talisman Mining Ltd (ASX:TLM) provides the following updated information in advance of the forthcoming 2016 Annual General Meeting ( AGM ) to be held on 10 November 2016:
Resolutions 8-12 – Proposed Issue of Director Options
Board of Directors
Jeremy Kirkwood Non-Executive Chairman
Dan Madden Managing Director
Alan Senior Non-Executive Director
Brian Dawes Non-Executive Director
Karen Gadsby Non-Executive Director
Contact Details
Telephone: +61 8 9380 4230
Email: [email protected]
Website: www.talismanmining.com.au
Section 7.3(f) of the Explanatory Statement of the 2016 AGM Notice of Meeting states that the exercise prices for the incentive options proposed to be issued to Directors are to be calculated based on predetermined premiums to the 5-day Volume Weighted Average Price of TLM Shares immediately prior to the day of the AGM. Details of the number of options proposed to be granted to each of the Directors is set out in sections 7.3 (d) and (e) of the Explanatory Statement.
As this VWAP information is now known, the Company hereby advises that the applicable calculated exercise prices for the proposed issues are as follows:
| Tranche | Exercise Premium |
Exercise Price |
|---|---|---|
| 1 | 125% | $0.48 |
| 2 | 135% | $0.52 |
| 3 | 145% | $0.56 |
| 4 | 160% | $0.62 |
| 5 | 170% | $0.66 |
For and on behalf of the Board
Capital Structure
Shares on Issue: 185,699,879 (TLM)
Options on Issue: 5,650,000 (Unlisted)
Alex Neuling Joint Company Secretary