PEB
25/03/2015 14:10
GENERAL
NOT PRICE SENSITIVE
REL: 1410 HRS Pacific Edge Limited
GENERAL: PEB: Notice of Change in Issued Securities - Issue of Options
NOTICE OF CHANGE IN ISSUED SECURITIES - ISSUE OF OPTIONS TO ACQUIRE ORDINARY
SHARES
Pursuant to Listing Rule 7.3.6 and Listing Rule 7.12.1
Company: Pacific Edge Limited ISIN NZPEBE0002S1
Date: 25 March 2015
Date of Issue: 24 March 2015
Issued Capital Prior To Issue (Previous Issued Capital - Listed): 318,615,921
Shares Issued Fully Paid: No Shares issued. Options issued to Employees to
acquire up to
250,000 Ordinary Shares in the Company on the Terms of Issue set out below.
Issued Capital Subsequent To Issue (Total Issued Capital): 318,615,921
Class of Security Issued: Option to acquire Ordinary Shares.
Issue Price: Issue price of $0.72 per share payable in cash on the issue of
Ordinary Shares to
the Option Holder pursuant to the exercise of their Options.
Percentage Issued: N/A
Terms of Issue: One third of the Options will vest in the Option Holder each
year for the first
three years of continuous employment with the Company. If the Option Holder's
employment
with the Company ceases (other than by reason of death or disability) then
they will receive a
fractional entitlement based on the length of service during the relevant
year. If the Option
Holder dies or ceases employment with the Company due to disability then all
of the Options
that have not yet vested will immediately vest in the Option Holder as at the
date of death or
upon disability. Any shares issued on exercise of the Options will rank pari
passu with the
existing ordinary shares in the Company. To exercise any of the Options
vested, the relevant
Option Holder must pay cash consideration of $0.72 per share payable in cash
on the exercise
of the Options.
Reason: Pursuant to section 49 of the Companies Act 1993 and Listing Rule
7.3.6.
Chris Swann
Chairman
Pacific Edge Limited
End CA:00262274 For:PEB Type:GENERAL Time:2015-03-25 14:10:39
