New Talisman today issued 4,500,000 unlisted options to directors under its Employee Share Option Plan approved on 19 September 2013.
Notice Pursuant to NZSX Listing Rule 7.12.1
Class of Security: Unlisted Options over Ordinary Shares
Number issued: 4,500,000
Issue Price: Nil on issue of Unlisted Options. Exercise price of AUD 1.1 cents to convert one Option to one Ordinary Share.
Payment in Cash: N/A
Amount Paid Up: N/A
Percentage total of class of securities: 53%
Reason for issue: Unlisted Options issued under Employee Share Option Plan
Specific authority for issue: Board Resolution dated 13 November 2013.
Terms of the issue: Options become exercisable 12 months from the issue date, subject to continued service. Options also become exercisable where a person becomes the holder of a relevant interest in 50% or more of the voting shares in the Company or a takeover offer is served on the Company. Options have a term of 5 years from the issue date.
Total number of securities on issue after issue: 8,500,000 Unlisted Options
Treasury Stock: N/A
Date of issue: 13 November 2013