Ann: Release of Shares from Voluntary Escrow, page-9

Aceisme
I am not sure that the professor owns 5% of ASM. I think he owns 5% of Zirontech. Maybe this has changed but i haven't worked that out yet.

This is from the announcement on the 3rdSeptember 2020:

ASM ASX_Release - ZironTech acquisition v003 01092020 8pm JR (002) - HSF comments (irmau.com)



Key terms of the HOA
• The HOA and transaction is subject to conditions, including ASM and Ziron Tech Boards
approval (including of formal documentation), as well as receipt of any required regulatory
approvals and authorisations.
• ASM will acquire 100% of the current joint venture company RMR Tech Corporation (RMR
Tech) from its initial investment of 10%.
• RMR Tech will then acquire 95% of the shares in Ziron Tech.
• Professor Lee will retain a 5% stake in Ziron Tech and become Chief Technology Advisor for
ASM’s metallisation business. ASM will have a call option over Professor Lee’s 5% stake in
Ziron Tech.
• As consideration for the transaction, ASM will:
o Issue 1,306,417 ASM shares for consideration of US$2m to current Ziron Tech
shareholders (via a holding entity) at an issue price of $2.068 per share based on a 10-
trading day VWAP to 2
nd September 2020 and using an AUD:USD exchange rate of 0.74.
These shares will be subject to voluntary escrow for 12 months; and
o grant existing Ziron Tech shareholders (via a holding entity) a Net Smelter Return of 5%
from any global commercial metallisation facility established using the technology,
subject to a 50% step-down of the royalty after payments of US$20m have been made.
• Through the proposed acquisitions, the ASM group will own all of Ziron Tech’s patents and
related intellectual property and technology that were the subject of the RMR Tech joint
venture, as well as any intellectual property rights or interests that may be developed by
Ziron Tech in the future.