(TheNewswire)
9 May 2022 – TheNewswire– (Australia) JervoisGlobal Limited (“ Jervois ” or the “ Company ”) (ASX:JRV) (TSXV:JRV) (OTC:JRVMF) advises that as set outthe explanatory statement to the Notice of Meeting sent toshareholders in relation to the Annual General Meeting(“ AGM ”), and incompliance with the relevant provisions of the Listing Rules of theAustralian Stock Exchange (“ ASX ”) to ensure fair and equitable treatment to option holdersin the event of Rights Issues, the formula and methodology ofoutstanding options have been adjusted as per below.
On 30 August 2021, the Company closed a pro-rataaccelerated non-renounceable entitlement issue to shareholders. Asset out in ASX Listing Rule 6.22.2, the exercise price of outstandingoptions, including those held by Directors and Insiders, has beenadjusted.
Pursuant to the Corporate Finance Policies of the TSXVenture Exchange (“ TSX-V ”), any adjustment to the exercise price of options held byDirectors or Insiders requires approval of shareholders and the TSX-V. At the 6 May 2022 AGM held in Melbourne, Australia, Jervoisshareholders approved the ASX Listing Rule option adjustment.
The following table sets out the option holder, numberof options held, tog e therwith prior and revised exercise prices.
Holder | Grant Date | Number of Options | Current exercise price | New exercise price |
Peter Johnston | 2 November 2018 | 7,500,000 | 0.295 | 0.248 |
1 April 2020 | 875,000 | 0.150 | 0.103 | |
Brian Kennedy | 1 October 2017 | 2,500,000 | 0.150 | 0.103 |
1 April 2020 | 1,280,000 | 0.150 | 0.103 | |
Michael Callahan | 1 April 2020 | 280,000 | 0.150 | 0.103 |
Bryce Crocker | 1 October 2017 | 10,000,000 | 0.150 | 0.103 |
1 October 2018 | 5,000,000 | 0.290 | 0.243 | |
1 October 2019 | 5,000,000 | 0.240 | 0.193 | |
1 October 2020 | 5,000,000 | 0.310 | 0.263 | |
Kenneth Klassen | 1 June 2019 | 2,500,000 | 0.240 | 0.193 |
1 April 2020 | 1,312,500 | 0.150 | 0.103 | |
1 March 2021 | 500,000 | 0.500 | 0.453 | |
Greg Young | 19 October 2020 | 7,500,000 | 0.325 | 0.278 |
James May | 26 November 2020 | 3,250,000 | 0.290 | 0.243 |
Alwyn Davey | 15 August 2019 | 2,500,000 | 0.200 | 0.153 |
1 April 2020 | 1,250,000 | 0.150 | 0.103 |
On behalf of Jervois Global Limited,
Alwyn Davey, Company Secretary
For further information, please contact:
Investors and analysts: James May Chief Financial Officer Jervois Global | Media: Nathan Ryan NWR Communications nathan.ryan@nwrcommunications.com.au Mob: +61 420 582 887 |
Neither TSX Venture Exchange nor its RegulationServices Provider (as that term is defined in policies of the TSXVenture Exchange) accepts responsibility for the adequacy or accuracyof this release.
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