WESTAR RESOURCES LIMITED — Share Issue/Capital Change 2022

Aug 11, 2022

Notification of Issue, Conversion or Payment up of Unquoted Equity Securities

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Announcement Summary

Entity name

WESTAR RESOURCES LIMITED

Date of this announcement

Friday August 12, 2022

The +securities the subject of this notification are:

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+Other securities issued under an +employee incentive scheme that are not intended to be quoted on ASX

Total number of +securities to be issued/transferred

		Total number of
ASX +security		+securities to be
code	Security description	issued/transferred	Issue date
WSRAI	PERFORMANCE RIGHTS	375,000	11/08/2022

Refer to next page for full details of the announcement

Notification of Issue, Conversion or Payment up of Unquoted E it S iti

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Notification of Issue, Conversion or Payment up of Unquoted Equity Securities

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Part 1 - Entity and announcement details

1.1 Name of entity

WESTAR RESOURCES LIMITED

We (the entity named above) give notice of the issue, conversion or payment up of the following unquoted +securities.

1.2 Registered number type

ACN

Registration number

635895082

1.3 ASX issuer code

WSR

1.4 The announcement is

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New announcement

1.5 Date of this announcement

12/8/2022

Notification of Issue, Conversion or Payment up of Unquoted E it S iti

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Notification of Issue, Conversion or Payment up of Unquoted Equity Securities

Part 2 - Issue details

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2.1 The +securities the subject of this notification are:

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+Other securities issued under an +employee incentive scheme that are not intended to be quoted on ASX

2.2a This notification is given in relation to an issue of +securities in a class which is not quoted on ASX and which:

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has an existing ASX security code ("existing class")

Notification of Issue, Conversion or Payment up of Unquoted E it S iti

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Notification of Issue, Conversion or Payment up of Unquoted Equity Securities

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Part 3B - number and type of +securities the subject of this notification (existing class) where issue has not previously been notified to ASX in an Appendix 3B

ASX +security code and description

WSRAI : PERFORMANCE RIGHTS

Date the +securities the subject of this notification were issued

11/8/2022

Will these +securities rank equally in all respects from their issue date with the existing issued +securities in that class Yes

Were any of the +securities issued to +key management personnel (KMP) or an +associate? No

Please provide a URL link for a document lodged with ASX detailing the terms of the +employee incentive scheme or a summary of the terms

Issued on similar terms to the Managing Director performance rights.

https://www.asx.com.au/asx/statistics/displayAnnouncement.do?display=pdf&idsId=02442347

Any other information the entity wishes to provide about the +securities the subject of this notification

Issued under the director and employee incentive plan as set out in section 4.7 of the IPO Prospectus https://www.asx.com.au/asx/statistics/displayAnnouncement.do?display=pdf&idsId=02323106

Issue details

Number of +securities

375,000

Notification of Issue, Conversion or Payment up of Unquoted E it S iti

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Notification of Issue, Conversion or Payment up of Unquoted Equity Securities

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Part 4 - +Securities on issue

Following the issue, conversion or payment up of the +securities the subject of this application, the +securities of the entity will comprise:

(A discrepancy in these figures compared to your own may be due to a matter of timing if there is more than one application for quotation/issuance currently with ASX for processing.)

4.1 Quoted +Securities (Total number of each +class of +securities quoted)

	Total number of
ASX +security code and description	+securities on issue
WSR : ORDINARY FULLY PAID	62,035,199
4.2 Unquoted +Securities (Total number of each +class of +securities issued but not quoted on ASX)
	Total number of
ASX +security code and description	+securities on issue
WSRAJ : OPTION EXPIRING 26-MAY-2025 EX $0.14	11,317,538
WSRAI : PERFORMANCE RIGHTS	2,875,000
WSRAG : ORDINARY FULLY PAID RESTRICTED	16,982,199
WSRAH : OPTION EXPIRING 17-DEC-2023 RESTRICTED	5,000,000

4.2 Unquoted +Securities (Total number of each +class of +securities issued but not quoted on ASX)

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Part 5 - Other Listing Rule requirements

5.1 Were the +securities issued under an exception in Listing Rule 7.2 and therefore the issue did not need any security holder approval under Listing Rule 7.1? Yes

5.1a Select the number of the applicable exception in Listing Rule 7.2

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