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WEST WITS MINING LIMITED — Capital/Financing Update 2021
Jan 3, 2021
66091_rns_2021-01-03_e205b0d6-0aaa-41ee-92f3-e7c7f652b72f.pdf
Capital/Financing Update
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WEST WITS MINING LIMITED ABN 89 124 894 060 ASX:WWI
E [email protected] P +61 3 8692 9049 F +61 3 8692 9040
A Level 3, 62 Lygon Street, Carlton, Victoria Australia 3053
Monday, 4 January 2021
Vesting of Performance Rights
West Wits Mining (ASX: WWI, “ West Wits ” or “ the Company ”) advises that, in accordance with the terms of the Company’s Performance Rights approved by shareholders at the Company’s Annual General Meeting on 29 November 2019, an aggregate of 4,700,000 Performance Rights have vested and will be converted into fully paid ordinary WWI shares, having met the applicable performance hurdle set out in the table below.
| Performance Hurdle And Relevant Date |
Michael Quinert |
Jac van Heerden |
Simon Whyte |
Total |
|---|---|---|---|---|
| 30-day VWAP of $0.015 at 31/12/2020 | 2,100,000 | 1,200,000 | 1,400,000 | 4,700,000 |
An Appendix 2A for the conversion of the vested Performance Rights tabled above to fully paid ordinary WWI shares will be the subject of a further ASX announcement to be released in due course.
Authorised and approved for release by the Company Secretary of WWI (Simon Whyte).
For further information contact:
Ryan Batros Investor Relations [email protected]
Victoria Humphries Investor Relations [email protected]