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4 Jun 2020 07:40
`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 30/9/2001.
Name of entity RESOLUTE MINING LIMITED |
ABN 39 097 088 689 |
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 | Mr John Paul Welborn |
Date of last notice | 8 April 2020 |
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
Direct or indirect interest | Direct |
Nature of indirect interest (including registered holder) Note: Provide details of the circumstances giving rise to the relevant interest.
| N/A |
Date of change | 1. 3 June 2020 2. 4 June 2020 |
No. of securities held prior to change | 3,550,000 fully paid ordinary shares 1,587,500 Performance Rights vesting 30 June 2020 1,277,559 Performance Rights vesting 30 June 2021 698,690 Performance Rights vesting 31 December 2021 1,000,000 Performance Rights vesting 30 June 2022 1,000,000 Performance Rights vesting 30 June 2023
|
Class | 1. Fully paid ordinary shares 2. Performance Rights - annual grant vesting date of 31 December 2022 |
Number acquired | 1. 50,000 2. 699,688 |
Number disposed | N/A
|
Value/Consideration Note: If consideration is non-cash, provide details and estimated valuation
| 1. $55,875 - on-market purchase 2. Performance Rights represent the Long-Term Incentive component of the remuneration for Mr Welborn and are issued for nil cash consideration. Vesting is subject to performance and other conditions set out in the Company's Notice of Meeting for the 2020 Annual General Meeting. If vesting conditions are satisfied, one Performance Right, upon vesting, is converted to one fully paid ordinary share in the Company. The issue of Performance Rights was approved by shareholders at the Annual General Meeting held on 21 May 2019. |
No. of securities held after change | 3,600,000 fully paid ordinary shares 1,587,500 Performance Rights vesting 30 June 2020 1,277,559 Performance Rights vesting 30 June 2021 698,690 Performance Rights vesting 31 December 2021 1,000,000 Performance Rights vesting 30 June 2022 699,688 Performance Rights vesting 31 December 2022 1,000,000 Performance Rights vesting 30 June 2023
|
Nature of change Example: on-market trade, off-market trade, exercise of options, issue of securities under dividend reinvestment plan, participation in buy-back | 1. On-market purchase 2. Issue of annual grant of Performance Rights pursuant to the 2020 Resolute Mining Limited Performance Rights Plan following approval by shareholders at the Annual General Meeting held on 21 May 2020. |
Part 2 - Change of director's interests in contracts
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 |
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