9 Nov 2018 07:00
Rule 3.19A.2
Appendix 3Y
Change of Director's Interest Notice
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 30/09/01 Amended 01/01/11
Name of entity DANAKALI LTD |
ABN 56 097 904 302 |
We (the entity) give ASX the following information under listing rule 3.19A.2 and as agent for the director for the purposes of section 205G of the Corporations Act.
| Name of Director | Seamus Ian Cornelius |
Date of last notice | 14 May 2018 |
Part 1 - Change of director's relevant interests in securities
In the case of a trust, this includes interests in the trust made available by the responsible entity of the trust
Note: In the case of a company, interests which come within paragraph (i) of the definition of "notifiable interest of a director" should be disclosed in this part.
Direct or indirect interest | (a) Direct (b) Indirect (c) Indirect |
Nature of indirect interest (including registered holder) Note: Provide details of the circumstances giving rise to the relevant interest.
| (b) Kongming Investments Ltd - Director of the Company (c) Sino West Assets Ltd - Director of the Company |
Date of change | 7 November 2018
(i) (ii) |
No. of securities held prior to change | Direct Holding (a) 4,615,300 fully paid ordinary shares
(a) 750,000 unlisted (remuneration) options at $0.55, expiring on 4/11/2018
(a) 300,000 unlisted (remuneration) options at $0.94, expiring on 19/05/2020
Indirect Holding (b) 4,178,992 fully paid ordinary shares
(c) 1,318,309 fully paid ordinary shares
|
Class | Fully paid ordinary shares
|
Number acquired | 216,364
|
Number disposed | Nil |
Value/Consideration Note: If consideration is non-cash, provide details and estimated valuation | Cashless exercise of 750,000 unlisted options to receive 216,364 shares at a calculated value of $167,250.
|
No. of securities held after change | Direct Holding (a) 4,831,664 fully paid ordinary shares
(a) 300,000 unlisted (remuneration) options at $0.94, expiring on 19/05/2020
Indirect Holding (b) 4,178,992 fully paid ordinary shares
(c) 1,318,309 fully paid ordinary shares
|
Nature of change Example: on-market trade, off-market trade, exercise of options, issue of securities under dividend reinvestment plan, participation in buy-back | Exercise of unlisted options (Exercise price: $0.55, expiring 4 November 2018) in accordance with the terms and conditions (as amended and approved by shareholders at the annual general meeting held 11 May 2018) using the Cashless Exercise mechanism. |
Part 2 - Change of director's interests in contracts
Note: In the case of a company, interests which come within paragraph (ii) of the definition of "notifiable interest of a director" should be disclosed in this part.
Detail of contract | N/A |
Nature of interest | N/A |
Name of registered holder (if issued securities) | N/A |
Date of change | N/A |
No. and class of securities to which interest related prior to change Note: Details are only required for a contract in relation to which the interest has changed
| N/A |
Interest acquired | N/A |
Interest disposed | N/A |
Value/Consideration Note: If consideration is non-cash, provide details and an estimated valuation
| N/A |
Interest after change | N/A |
Part 3 - +Closed period
Were the interests in the securities or contracts detailed above traded during a +closed period where prior written clearance was required? | No |
If so, was prior written clearance provided to allow the trade to proceed during this period? | N/A |
If prior written clearance was provided, on what date was this provided? | N/A |