Issue of Performance Rights
Released
Released
Announcement PDF
Western Mines Group Ltd
ACN 640 738 834
Level 3, 33 Ord Street
West Perth
WA 6005
30 November 2023
ASX Announcement (ASX: WMG)
ISSUE OF PERFORMANCE RIGHTS
Western Mines Group Ltd (“WMG” or “Company”) advises that it has issued the following
securities:
•
750,000 Performance Rights to Dr Benjamin Grguric, Technical Director of the Company.
They are being issued pursuant to the Company’s Incentive Performance Rights Plan, and as
approved by shareholders at the Company’s Annual General Meeting held on 21 November
2023. Further details are contained in the Notice of Annual General (ASX, Notice of Annual
General Meeting & Proxy Form, 20 October 2023).
The Performance Rights have the following Expiry Date and Vesting Conditions:
Performance
Rights
A Series Rights
Number
250,000
Expiry
Date
14/03/25
B Series Rights
250,000
14/03/25
C Series Rights
250,000
14/03/25
Vesting Conditions
WMG share price remains above $0.80/share
for period of 20 Business Days
WMG share price remains above $1.00/share
for period of 20 Business Days
WMG share price remains above $1.20/share
for period of 20 Business Days
An Appendix 3G Notification of Issue of Unquoted Securities is lodged separately with ASX.
- END This announcement has been authorised for release by Dr Caedmon Marriott, Managing Director.
For further information please contact:
Western Mines Group Ltd
Dr Caedmon Marriott
Managing Director
Tel: +61 475 116 798
Email: contact@westernmines.com.au
www.westernmines.com.au
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