For personal use only
Appendix 3Y
Change of Director's Interest Notice
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 30/09/01 Amended 01/01/11
Name of entity: NOVA MINERALS LIMITED
ABN: | 84 006 690 348 |
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 Colin Belshaw |
Date of last notice | 7 December 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 - Mr Colin Belshaw |
Nature of indirect interest | |
(including registered holder) | |
Note: Provide details of the circumstances giving rise to the relevant | |
interest. | |
Date of change | 25 November 2021 |
No. of securities held prior to change | N/A |
Class | Performance Rights - Class A, Class B and |
Class C | |
- See chapter 19 for defined terms. 01/01/2011 Appendix 3Y Page 1
Appendix 3Y
Change of Director's Interest Notice
only | Mr Colin Belshaw | ||||
Number acquired | Performance Rights - 2,000,000 Class A, | ||||
2,000,000 Class B and 4,000,000 Class C | |||||
use | Number disposed | Nil | |||
No amount is payable for the issue of the | |||||
Performance Rights, which are being issued | |||||
as remuneration. | |||||
The milestones applicable for conversion of | |||||
the | performance | are | "non-market" | ||
commercial milestones that are not able to | |||||
personalFor | be quantified for the purposes of a valuation. | ||||
The Board understands that a market-based | |||||
valuation is not able to account for the | |||||
Value/Consideration | probability of the occurrence of these | ||||
commercial milestones, the | probability of | ||||
Note: If consideration is non-cash, provide details and estimated | which | are inherently | difficult to predict. | ||
valuation | |||||
Based purely on the closing share price of | |||||
the Company on 25 November 2021 of $0.14 | |||||
(14.0 cents), if all performance rights held by | |||||
a related party converted the shares would | |||||
have a value of $1.120 million. In the view of | |||||
the Board, the non-market nature of the | |||||
commercial milestones add | considerable | ||||
uncertainty to the performance results that is | |||||
not taken into account for the purposes of | |||||
any valuation, and would result in a lower | |||||
valuation if they were considered. | |||||
+ See chapter 19 for defined terms.
Appendix 3Y Page 2 | 01/01/2011 |
For personal use only
Appendix 3Y
Change of Director's Interest Notice
No. of securities held after change
Mr Colin Belshaw
8,000,000 Performance Rights - 2,000,000 Class A, 2,000,000 Class B and 4,000,000 Class C - Expire 25/11/2026 - Subject to Milestones
Nature of change | Approval by Share Holders to issue |
Example: on-market trade, off-market trade, exercise of options, issue | |
of securities under dividend reinvestment plan, participation in buy- | Performance Rights to Directors. |
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 | N/A |
Name of registered holder | N/A |
(if issued securities) | |
Date of change | N/A |
No. and class of securities to which | N/A |
interest related prior to change | |
Note: Details are only required for a | |
contract in relation to which the | |
interest has changed | |
Interest acquired | N/A |
Interest disposed | N/A |
Value/Consideration | N/A |
Note: If consideration is non-cash, | |
provide details and an estimated | |
valuation | |
Interest after change | N/A |
- See chapter 19 for defined terms. 01/01/2011 Appendix 3Y Page 3
For personal use only
Appendix 3Y
Change of Director's Interest Notice
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 | N/A |
trade to proceed during this period? | |
If prior written clearance was provided, on what date was | N/A |
this provided? | |
+ See chapter 19 for defined terms.
Appendix 3Y Page 4 | 01/01/2011 |
For personal use only
Appendix 3Y
Change of Director's Interest Notice
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 30/09/01 Amended 01/01/11
Name of entity: NOVA MINERALS LIMITED
ABN: | 84 006 690 348 |
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 Louie Simens |
Date of last notice | 28 October 2021 |
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 | Indirect |
Nature of indirect interest | SL Investors Pty Ltd |
(including registered holder) | Danche Simens |
Note: Provide details of the circumstances giving rise to the relevant | Kikceto Pty Ltd |
interest. | |
trust> | |
Date of change | 25 November 2021 |
- See chapter 19 for defined terms. 01/01/2011 Appendix 3Y Page 1
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Nova Minerals Limited published this content on 25 November 2021 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 25 November 2021 22:59:05 UTC.