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- Release Date: 12/09/13 13:02
- Summary: ALLOT: MHI: Notice pursuant to Listing Rules 7.12.1 and 7.12.9
- Price Sensitive: No
- Download Document 2.26KB
MHI
12/09/2013 11:02
ALLOT
REL: 1102 HRS Michael Hill International Limited
ALLOT: MHI: Notice pursuant to Listing Rules 7.12.1 and 7.12.9
Notice pursuant to Listing Rules 7.12.1 and 7.12.9
Michael Hill International Limited ("the Company") hereby gives notice that
it has issued the following ordinary shares as a consequence of the exercise
of options issued by the Company to an employee of the Company in September
2011. The employee has now left the Company.
Listing Rule 7.12.1
- Class of Security and ISIN: Ordinary Shares , ISIN NZMHIE0001S8
- the number issued: 100,000
- the issue price: $116,000 ($1.16 per share)
- payment: in cash prior to issue
- amount paid up: in full
- percentage of the total Class of Securities issued: 0.026%
- reason for the issue: pursuant to the exercise of options vested in an
employee of the Company in September 2011 as a component of his remuneration
package
- specific authority for the issue: the issue of the options was authorised
by way of a Board Resolution dated 16 September 2011 and the issue of
Ordinary Shares pursuant to the exercise of the options by a directors'
resolution dated 10 September 2013
- terms of the issue: n/a
- total number of Securities of the Class after the issue: 382, 949, 544
- date of issue: 12 September 2013
Listing Rule 7.12.9
In respect of the same exercise of options the Company gives notice pursuant
to Listing Rule 7.12.9 of the matters required by that rule:
- number and class of securities converted: 100,000 options to acquire
ordinary shares
- number and class of securities converted into: 100,000 fully paid ordinary
shares
- interest or dividend conditions: The options to acquire ordinary shares
held no entitlement to participate in dividends or vote. The new fully paid
ordinary shares will rank equally with all other ordinary shares on issue in
respect of future dividends and voting
- number of securities of the same class remaining to be converted: These
options were amongst a class of options issued to employees in 2011 which in
aggregate amounted to 750,000 options.
650,000 options in that class, but all being held by other employees,
remain to be executed.
W.K Butler Company Secretary 12 September 2013.
End CA:00241042 For:MHI Type:ALLOT Time:2013-09-12 11:02:16
