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Wolf Minerals Ltd (WLFE)

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Wednesday 04 July, 2018

Wolf Minerals Ltd

Appendix 3Y

RNS Number : 4655T
Wolf Minerals Limited
04 July 2018
 

Rule 3.19A.2

Appendix 3Y

 

Change of Director's Interest Notice

 

Information or documents not available now must be given to ASX as soon as available.  Information and documents given to ASX become ASX's property and may be made public.

Introduced 30/09/01  Amended 01/01/11

 

Name of entity         WOLF MINERALS LIMITED

ABN                          11 121 831 472

 

We (the entity) give ASX the following information under listing rule 3.19A.2 and as agent for the director for the purposes of section 205G of the Corporations Act. 

 

Name of Director

Mr Richard Lucas

Date of last notice

12 December 2017

 

Part 1 - Change of director's relevant interests in securities

In the case of a trust, this includes interests in the trust made available by the responsible entity of the trust

 

Note: In the case of a company, interests which come within paragraph (i) of the definition of "notifiable interest of a director" should be disclosed in this part.

 

Direct or indirect interest

Indirect

Nature of indirect interest

(including registered holder)

Note: Provide details of the circumstances giving rise to the relevant interest.

 

n/a

Date of change

3 July 2018

No. of securities held prior to change

Direct:

58,800 Fully paid Ordinary Shares  

 

Indirect:

16,667 Fully paid Ordinary Shares held in name of K Anderson (spouse)

 

Class

Fully Paid Ordinary Shares

Number acquired

Nil

Number disposed

Nil

Value/Consideration

Note: If consideration is non-cash, provide details and estimated valuation

 

Nil

No. of securities held after change

Direct:

58,800 Fully paid Ordinary Shares  

 

Indirect:

16,667 Fully paid Ordinary Shares held in name of K Anderson (spouse)

Nature of change

Example: on-market trade, off-market trade, exercise of options, issue of securities under dividend reinvestment plan, participation in buy-back

See Part 2 below.

 

Part 2 - Change of director's interests in contracts

 

Note: In the case of a company, interests which come within paragraph (ii) of the definition of "notifiable interest of a director" should be disclosed in this part.

 

Detail of contract

Participation in the Company's long term incentive plan known as the Performance Rights Plan ("PRP") in accordance with the Managing Director's, Mr Richard Lucas, contract of employment and the subsequent issue of Performance Rights by the Company to Mr Lucas, on various dates following approval by shareholders.

Nature of interest

 

 

Details of the Performance Rights Plan and the vesting conditions were most recently contained in the Company's Notice of 2017 Annual General Meeting and accompanying Explanatory Memorandum released to the ASX on 20 October 2017.

Name of registered holder

(if issued securities)

 

The Performance Rights are not securities and have not yet vested. If and when the Performance Rights vest Mr Lucas may choose to have the resultant shares issued to him or a nominee.

Date of change

3 July 2018

No. and class of securities to which interest related prior to change

Note: Details are only required for a contract in relation to which the interest has changed

 

 

Nil

 

 

 

Interest acquired


Interest disposed

Cancellation of 273,350 performance rights with a vesting date of 30 June 2018 due to failure to meet vesting conditions.

Value/Consideration

Note: If consideration is non-cash, provide details and an estimated valuation

 

The Performance Rights were issued for nil cash consideration.

Interest after change

4,403,182 Performance Rights

 

 

 

Part 3 - +Closed period

 

Were the interests in the securities or contracts detailed above traded during a +closed period where prior written clearance was required?

No

If so, was prior written clearance provided to allow the trade to proceed during this period?

Not applicable

If prior written clearance was provided, on what date was this provided?

Not applicable

 


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