options exercised

Expect a lot more options to be exercised very soon.



ACN 064 755 237
CARDIA TECHNOLOGIES LTD
REGISTERED OFFICE
Suite 510 Level 5 Pacific Tower 737-741 Burwood Road Hawthorn Victoria 3122 Australia
Telephone +61 3 9813 3228 Facsimile +61 3 9813 2668 Email: [email protected]
TO: COMPANY ANNOUNCEMENTS OFFICE
AUSTRALIAN SECURITIES EXCHANGE
DATE: 17 April 2007
EXERCISE OF OPTIONS
The Company wishes to announce the issue of 50,168 ordinary shares as a result of
the exercise of a similar number of options expiring on 31 December 2007.
An Appendix 3B applying for quotation of the additional securities is attached.
JOHN WILSON
Company Secretary
Appendix 3B
New issue announcement
1
Appendix 3B
New issue announcement,
application for quotation of additional securities
and agreement
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 1/7/96. Origin: Appendix 5. Amended 1/7/98, 1/9/99, 1/7/2000, 30/9/2001, 11/3/2002, 1/1/2003.
Name of entity
Cardia Technologies Limited
ABN
89 064 755 237
We (the entity) give ASX the following information.
Part 1 - All issues
You must complete the relevant sections (attach sheets if there is not enough space).
1 +Class of +securities issued or to be
issued
Fully paid ordinary shares
2 Number of +securities issued or to
be issued (if known) or maximum
number which may be issued
50,168
3 Principal terms of the +securities
(eg, if options, exercise price and
expiry date; if partly paid
+securities, the amount outstanding
and due dates for payment; if
+convertible securities, the
conversion price and dates for
conversion)
Fully paid ordinary shares
Appendix 3B
New issue announcement
2
4 Do the +securities rank equally in all
respects from the date of allotment
with an existing +class of quoted
+securities?
If the additional securities do not
rank equally, please state:
„h the date from which they do
„h the extent to which they
participate for the next dividend,
(in the case of a trust,
distribution) or interest payment
„h the extent to which they do not
rank equally, other than in
relation to the next dividend,
distribution or interest payment
Yes
5 Issue price or consideration 10 cents
6 Purpose of the issue
(If issued as consideration for the
acquisition of assets, clearly identify
those assets)
Options Exercise
7 Dates of entering +securities into
uncertificated holdings or despatch
of certificates
19/4/2007
Number +Class
8 Number and +class of all
+securities quoted on ASX
(including the securities in clause
2 if applicable)
254,480,119
217,859,338
Ordinary shares
Options expiring 31
December 2007
exercisable at $ 0.10
Number +Class
9 Number and +class of all
+securities not quoted on ASX
(including the securities in clause
2 if applicable)
Nil
Appendix 3B
New issue announcement
3
10 Dividend policy (in the case of a
trust, distribution policy) on the
increased capital (interests)
The Board of Directors will consider
establishing a dividend policy upon
achievement of profitable operations
Part 2 - Bonus issue or pro rata issue
11 Is security holder approval
required?
N/A
12 Is the issue renounceable or nonrenounceable?
13 Ratio in which the +securities will
be offered
14 +Class of +securities to which the
offer relates
15 +Record date to determine
entitlements
16 Will holdings on different registers
(or subregisters) be aggregated for
calculating entitlements?
17 Policy for deciding entitlements in
relation to fractions
18 Names of countries in which the
entity has +security holders who
will not be sent new issue
documents
Note: Security holders must be told how their
entitlements are to be dealt with.
Cross reference: rule 7.7.
19 Closing date for receipt of
acceptances or renunciations
20 Names of any underwriters
21 Amount of any underwriting fee or
commission
22 Names of any brokers to the issue
Appendix 3B
New issue announcement
4
23 Fee or commission payable to the
broker to the issue
24 Amount of any handling fee
payable to brokers who lodge
acceptances or renunciations on
behalf of +security holders
25 If the issue is contingent on
+security holders¡¦ approval, the date
of the meeting
26 Date entitlement and acceptance
form and prospectus or Product
Disclosure Statement will be sent to
persons entitled
27 If the entity has issued options, and
the terms entitle option holders to
participate on exercise, the date on
which notices will be sent to option
holders
28 Date rights trading will begin (if
applicable)
29 Date rights trading will end (if
applicable)
30 How do +security holders sell their
entitlements in full through a
broker?
31 How do +security holders sell part
of their entitlements through a
broker and accept for the balance?
32 How do +security holders dispose
of their entitlements (except by sale
through a broker)?
33 +Despatch date
Appendix 3B
New issue announcement
6
Part 3 - Quotation of securities
You need only complete this section if you are applying for quotation of securities
34 Type of securities
(tick one)
(a) „Y Securities described in Part 1
(b) ď All other securities
Example: restricted securities at the end of the escrowed period, partly paid securities that become fully paid, employee
incentive share securities when restriction ends, securities issued on expiry or conversion of convertible securities
Entities that have ticked box 34(a)
Additional securities forming a new class of securities
Tick to indicate you are providing the information or
documents
35 If the +securities are +equity securities, the names of the 20 largest holders of the
additional +securities, and the number and percentage of additional +securities held by
those holders
36 If the +securities are +equity securities, a distribution schedule of the additional
+securities setting out the number of holders in the categories
1 - 1,000
1,001 - 5,000
5,001 - 10,000
10,001 - 100,000
100,001 and over
37 A copy of any trust deed for the additional +securities
Appendix 3B
New issue announcement
7
Entities that have ticked box 34(b)
38 Number of securities for which
+quotation is sought
50,168
39 Class of +securities for which
quotation is sought
Fully paid ordinary shares
40 Do the +securities rank equally in all
respects from the date of allotment
with an existing +class of quoted
+securities?
If the additional securities do not
rank equally, please state:
„h the date from which they do
„h the extent to which they
participate for the next dividend,
(in the case of a trust,
distribution) or interest payment
„h the extent to which they do not
rank equally, other than in
relation to the next dividend,
distribution or interest payment
Yes
41 Reason for request for quotation
now
Example: In the case of restricted securities, end of
restriction period
(if issued upon conversion of
another security, clearly identify that
other security)
Conversion of 50,168 options expiring 31
December 2007 exercisable at $0.10
Number +Class
42 Number and +class of all +securities
quoted on ASX (including the
securities in clause 38)
254,480,119
217,859,338
Ordinary Shares
Options expiring 31
December 2007
exercisable at $0.10
Appendix 3B
New issue announcement
8
Quotation agreement
1 +Quotation of our additional +securities is in ASX¡¦s absolute discretion. ASX
may quote the +securities on any conditions it decides.
2 We warrant the following to ASX.
„h The issue of the +securities to be quoted complies with the law and is
not for an illegal purpose.
„h There is no reason why those +securities should not be granted
+quotation.
„h An offer of the +securities for sale within 12 months after their issue
will not require disclosure under section 707(3) or section 1012C(6) of
the Corporations Act.
Note: An entity may need to obtain appropriate warranties from subscribers for the securities in order to be able to give
this warranty
„h Section 724 or section 1016E of the Corporations Act does not apply to any
applications received by us in relation to any +securities to be quoted and that
no-one has any right to return any +securities to be quoted under sections 737,
738 or 1016F of the Corporations Act at the time that we request that the
+securities be quoted.
„h We warrant that if confirmation is required under section 1017F of the
Corporations Act in relation to the +securities to be quoted, it has been
provided at the time that we request that the +securities be quoted.
„h If we are a trust, we warrant that no person has the right to return the
+securities to be quoted under section 1019B of the Corporations Act at
the time that we request that the +securities be quoted.
3 We will indemnify ASX to the fullest extent permitted by law in respect of
any claim, action or expense arising from or connected with any breach of the
warranties in this agreement.
4 We give ASX the information and documents required by this form. If any
information or document not available now, will give it to ASX before
+quotation of the +securities begins. We acknowledge that ASX is relying on
the information and documents. We warrant that they are (will be) true and
complete.
Sign here:
Print name: John Wilson Date: 17/4/2007
(Company Secretary)