5 September 2016
ASX Limited
Level 8, Exchange Plaza 2 The Esplanade
Perth, WA 6000
APPENDIX 3Y CHANGE OF DIRECTOR INTEREST NOTICE
Attached is an Appendix 3Y relating to the change of Dr Glen Masterman's interest at Beadell Resources Limited.
As advised on ASX announcement dated 27 June 2016, Dr Masterman has stepped down from an executive role but has remained on the Board of Directors of the Company as a non-executive Director.
The following changes to Dr Masterman's interest have occurred:
|
Description
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ASX Code
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Expiry Date
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Exercise Price
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Number of options/shares
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Type of Change
|
|
Unlisted Employee Options
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BDRAA
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31 Dec 2018
|
$0.20
|
2,500,000
|
Exercise
|
|
Unlisted Employee Options
|
BDRAA
|
31 Dec 2019
|
$0.25
|
1,625,000
|
Cancellation
|
|
Fully Paid Ordinary Shares
|
BDR
|
N/A
|
N/A
|
1,352,500
|
Sale
|
Yours sincerely,
GREG BARRETT
Company Secretary Beadell Resources Ltd
Beadell Resources Limited
Second Floor, 16 Ord Street, West Perth 6005, Western Australia
ABN 50 125 222 291 PO Box 542, West Perth 6872, Western Australia
www.beadellresources.com.au Telephone: +61 8 9429 0800 | Facsimile: +61 8 9481 3176
Appendix 3Y Change of Director's Interest Notice
Appendix 3Y
Change of Director's Interest Notice
Rule 3.19A.2
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
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Name of entity Beadell Resources Limited
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ABN 50 125 222 291
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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.
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Name of Director
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Glenton Masterman
|
|
Date of last notice
|
4 April 2016
|
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
|
Direct
|
|
Nature of indirect interest (including registered holder)
Note: Provide details of the circumstances giving rise to the relevant interest.
|
Not Applicable
|
|
Date of change
|
30 August 2016 - Exercise of Employee Incentive Options
2 September 2016 - Sale of Fully Paid Ordinary Shares
|
|
No. of securities held prior to change
|
256,410 Fully Paid Ordinary Shares 2,500,000 Options exercisable at $0.20 each on or before 31 December 2018 2,500,000 Options exercisable at $0.25 each on or before 31 December 2019 vesting on 21 January 2017
|
|
Class
|
Fully Paid Ordinary Shares and Employee Incentive Options
|
|
Number acquired
|
Exercise of Employee Incentive Options for 2,500,000 Ordinary Shares
|
+ See chapter 19 for defined terms.
01/01/2011 Appendix 3Y Page 1
Appendix 3Y
Change of Director's Interest Notice
|
Number disposed
|
2,500,000 Employee Incentive Options exercisable at $0.20 on or before 31 December 2018
Cancellation of 1,625,000 Employee Incentive Options exercisable at $0.25 on or before 31 December 2019
1,352,500 Fully Paid Ordinary Shares
|
|
Value/Consideration
Note: If consideration is non-cash, provide details and estimated valuation
|
$500,000.00 related to the exercise of Employee Incentive Options
$500,370.00 related to the sale of Fully Paid Ordinary Shares
|
|
No. of securities held after change
|
1,403,910 Fully Paid Ordinary Shares 875,000 Options exercisable at $0.25 each on or before 31 December 2019 vesting on 21 January 2017
|
|
Nature of change
Example: on-market trade, off-market trade, exercise of options, issue of securities under dividend reinvestment plan, participation in buy-back
|
On-market trade and exercise of options
|
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.
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Detail of contract
|
Nil
|
|
Nature of interest
|
|
Name of registered holder (if issued securities)
|
|
Date of change
|
|
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
|
|
Interest acquired
|
|
Interest disposed
|
|
Value/Consideration
Note: If consideration is non-cash, provide details and an estimated valuation
|
|
Interest after change
|
+ See chapter 19 for defined terms.
01/01/2011 Appendix 3Y Page 2
Part 3 - +Closed period
Appendix 3Y Change of Director's Interest Notice
|
Were the interests in the securities or contracts detailed above traded during a +closed period where prior written clearance was required?
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No
|
|
If so, was prior written clearance provided to allow the trade to proceed during this period?
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Not applicable
|
|
If prior written clearance was provided, on what date was this provided?
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Not applicable
|
+ See chapter 19 for defined terms.
01/01/2011 Appendix 3Y Page 3