GTN : Change of Director's Interest Notice - Bill YdeOpens in a new Window

Appendix 3Y Change of Director's Interest Notice

Appendix 3Y

Rule 3.19A.2

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: GTN Limited (ASX: GTN)

ACN:	606 841 801

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	William (Bill) Louis Yde III
Date of last notice	23 September 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

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	N/A
(including registered holder)
Note: Provide details of the circumstances giving rise to the relevant
interest.
Date of change	12 November 2020
No. of securities held prior to change	• 2,803,408 Fully Paid Ordinary Shares;
	and
	• 5,506,621 Options, as follows:
	o	390,791 Options over Shares
		exercisable at $2.74 on or before
		31 December 2021, subject to
	o	vesting conditions;
	354,865 Options over Shares
		exercisable at $2.15 on or after 9
		November 2020, subject to vesting
	o	conditions;
	709,729 Options over Shares
		exercisable at $2.15 on or after 9
		November 2021, subject to vesting
	o	conditions;
	1,350,412 Options exercisable	at
	o	$0.76 after 15 November 2021;
	2,700,824 Options exercisable	at
		$0.76 after 15 November 2022

• See chapter 19 for defined terms. 01/01/2011 Appendix 3Y Page 1

Appendix 3Y

Change of Director's Interest Notice

Class	1.		Options over Shares exercisable at
			$0.42 on or after 13 November 2022;
			and
	2.	Options over Shares exercisable at
			$0.42 on or after 13 November 2022.
Number acquired	1.		333,333
	2.		666,667
Number disposed	Cancellation of 5,506,621 Options (pursuant
	to approval by shareholders at 2020 AGM
	held 12 November 2020)
Value/Consideration	Nil
Note: If consideration is non-cash, provide details and estimated
valuation
No. of securities held after change	• 2,803,408 Fully Paid Ordinary Shares;
	and
	• 1,000,000 Options as follows:
	o	333,333 Options over Shares
			exercisable at $0.42 on or before
	o	13 November 2022; and
	666,667 Options over Shares
			exercisable at $0.42 on or before
			13 November 2023.
Nature of change	Cancellation and issue of Options pursuant to
Example: on-market trade, off-market trade, exercise of options,	GTN	Long Term Incentive Plan following
issue of securities under dividend reinvestment plan, participation in	shareholder approval at the 2020 AGM.
buy-back

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

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

+ See chapter 19 for defined terms.

Appendix 3Y Page 2

01/01/2011

Appendix 3Y

Change of Director's Interest Notice

Interest disposed

Value/Consideration

Note: If consideration is non-cash, provide details and an estimated valuation

Interest after change

Part 3 - +Closed period

Were the interests in the securities or contracts detailed	No
above traded during a +closed period where prior written
clearance was required?
If so, was prior written clearance provided to allow the trade	N/A
to proceed during this period?
If prior written clearance was provided, on what date was this	N/A
provided?

• See chapter 19 for defined terms. 01/01/2011 Appendix 3Y Page 3