Red 5 : Notification regarding unquoted securities - RED

Notification of Issue, Conversion or Payment up of Unquoted Equity Securities

Announcement Summary

use only

Entity name

RED 5 LIMITED

Date of this announcement

Friday December 10, 2021

The +securities the subject of this notification are:

+Other securities issued under an +employee incentive scheme that are not intended to be quoted on ASX

Total number of +securities to be issued/transferred

		Total number of
ASX +security		+securities to be
code	Security description	issued/transferred	Issue date
REDAR	PERFORMANCE RIGHTS	17,674,562	10/12/2021

For personal

Refer to next page for full details of the announcement

Notification of Issue, Conversion or Payment up of Unquoted

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Notification of Issue, Conversion or Payment up of Unquoted Equity Securities

Part 1 - Entity and announcement details

For personal use only

1.1 Name of entity

RED 5 LIMITED

We (the entity named above) give notice of the issue, conversion or payment up of the following unquoted +securities.

1.2	Registered number type	Registration number
ABN	73068647610
1.3	ASX issuer code
RED

1. The announcement is New announcement
2. Date of this announcement

10/12/2021

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Notification of Issue, Conversion or Payment up of Unquoted Equity Securities

Part 2 - Issue details

2.1 The +securities the subject of this notification are:

+Other securities issued under an +employee incentive scheme that are not intended to be quoted on ASX

For personal use only

2.2a This notification is given in relation to an issue of +securities in a class which is not quoted on ASX and which:

has an existing ASX security code ("existing class")

Notification of Issue, Conversion or Payment up of Unquoted

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Notification of Issue, Conversion or Payment up of Unquoted Equity Securities

Part 3B - number and type of +securities the subject of this notification (existing class) where issue has not previously been notified to ASX in an Appendix 3B

For personal use only

ASX +security code and description

REDAR : PERFORMANCE RIGHTS

Date the +securities the subject of this notification were issued

10/12/2021

Will these +securities rank equally in all respects from their issue date with the existing issued +securities in that class

Yes

Were any of the +securities issued to +key management personnel (KMP) or an +associate? Yes

Provide details of the KMP or +associates being issued +securities.

Name of KMP		Name of registered holder	Number of +securities
			2,266,484
Mark Williams		Mark Williams
			1,373,626
Jason Greive		Jason Greive
			1,098,901
John Tasovac		John Tasovac

Please provide a URL link for a document lodged with ASX detailing the terms of the +employee incentive scheme or a summary of the terms

The Long Term Incentive Plan (LTIP) performance rights are being issued pursuant to the Red 5 Rights Plan last approved by shareholders on 18 November 2020. Refer to notice of meeting at: https://www.asx.com.au/asxpdf/2020101 4/pdf/44np8qxmr08xkq.pdf

Any other information the entity wishes to provide about the +securities the subject of this notification

Each performance right entitles the holder to be issued with one ordinary fully paid share, for nil cash consideration, subject to the satisfaction of the following vesting conditions over the measurement period of 1 July 2021 to 30 June 2024:

1. 70% of the performance rights based on Company Total Shareholder Return above the S&P/ASX All Ordinaries Gold Index Total Return; and
2. 30% of the performance rights based on growth in the Company¿s Ore Reserves (excluding 50% of acquired Ore Reserves).

Other terms of the performance rights are contained in the notice of meeting and explanatory memorandum for the annual general meeting of shareholders of the Company held on 24 November 2021. Refer URL link: https://www.asx.com.au/as xpdf/20211020/pdf/451vybf9x4fkst.pdf

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Issue details

Number of +securities

17,674,562

For personal use only

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