4 Oct 2019 07:00
4 October 2019
MOD Resources Limited
("MOD" or the "Company")
Cancellation of Performance Rights
MOD Resources Ltd (ASX/LSE:MOD) (the Company) advises that it has cancelled 175,000 Performance Rights expiring 21 February 2022 (Performance Rights) held by five holders. The cancellation was for nil consideration and occurs as a result of the holders no longer being engaged by the Company.
Following cancellation of these Performance Rights, the Company's capital structure is as follows;
Number | Class | ||
340,134,628 | Fully Paid Ordinary Shares | ||
4,825,168 | Unlisted options with a nil exercise price and expiring on 16 November 2021 | ||
3,015,000 | Unlisted options exercisable at $0.457 on or before 30 January 2023, vesting 12 months from the date of issue and subject to a restriction period to 30 January 2022 | ||
3,015,000 | Unlisted options exercisable at $0.707 on or before 30 January 2023 vesting 24 months from the date of issue and subject to a restriction period to 30 January 2022 | ||
3,015,000 | Unlisted options exercisable at $0.907 on or before 30 January 2023 vesting 36 months from the date of issue and subject to a restriction period to 30 January 2022 | ||
2,875,000 | Performance Rights vesting in various tranches expiring 21 February 2022 | ||
5,030,000 | Unlisted options exercisable at $0.522 on or before 12 April 2023 vesting 36 months from the date of issue and subject to a restriction period to 12 April 2022 | ||
3,630,000 | Unlisted options exercisable at $0.435 on or before 29 May 2023 vesting 36 months from the date of issue and subject to a restriction period to 29 May 2022 |
-ENDS-
For and on behalf of the MOD Board.
Julian Hanna Mark Clements
Managing Director Executive Chairman and
Company Secretary
Jeff Sansom Jos Simson / Emily Moss (UK PR & IR)
Investor Relations Tavistock
+618 9322 8233 +44 207 920 3150
IR@modresources.com.au MOD@tavistock.co.uk
Subscribe at: www.modresources.com.au
MOD.L (MOD)