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Ann: GENERAL: SLI: Notification of Issue of Additional Unlisted...

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    • Release Date: 09/07/15 15:19
    • Summary: GENERAL: SLI: Notification of Issue of Additional Unlisted Options
    • Price Sensitive: No
    • Download Document  2.05KB
    					SLI
    09/07/2015 15:19
    GENERAL
    NOT PRICE SENSITIVE
    REL: 1519 HRS SLI Systems Limited
    
    GENERAL: SLI: Notification of Issue of Additional Unlisted Options
    
    09 July 2015
    
    Client Market Services
    NZX Limited
    WELLINGTON
    
    By NZ MAP
    
    NOTIFICATION OF ISSUE OF ADDITIONAL UNLISTED OPTIONS
    
    For the purposes of Listing Rule 7.12.1, SLI Systems Limited (SLI) advises
    the following unlisted options have been issued to employees of SLI or its
    subsidiaries:
    a Class of security Unlisted options
     ISIN N/A
    b Number issued 100,000 (marked with ** in the attached appendix)
    c Nominal value N/A
     Issue Price Exercise price is as set out in the appendix
    d Payment terms Full payment on exercise
    e Amount paid up N/A
    f Principal terms of security The options are exercisable to the extent of
    3/8 of the options vest on the effective date of grant, then an additional
    1/30th of the remaining balance on a monthly basis, so that the options are
    fully exercisable by 2 Dec 2017.
    The options are no longer exercisable on the first to occur of (i) the 10th
    anniversary of the date of issue, (ii) the last date for exercising the
    option following termination of the option holder's service or (iii) its
    termination in connection with a change in control in the company.
    Otherwise the options have the same terms set out the SLI Systems share
    option plan, adopted as of 1 June 2013, and summarised in section 8.4 of
    SLI's IPO Investment Statement dated 6 May 2013.
    g Percentage of class of securities 100% of the classes of additional
    unlisted options specified in the appendix
    h Reason for issue Further grant of options to attract, retain and reward
    employees and to motivate such individuals to contribute to the growth and
    profitability of SLI
    i Authority for issue Listing Rule 7.3.6
    j Terms of issue As summarised above
    k Number of securities in existence after issue 61,162,116 listed ordinary
    shares
    507,526 unlisted redeemable shares
    6,665,915 unlisted options in total, of the classes set out in the appendix
    l Treasury stock N/A
    
    Yours faithfully
    End CA:00266842 For:SLI    Type:GENERAL    Time:2015-07-09 15:19:05
    				
 
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Currently unlisted public company.

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