Notification of Issue, Conversion or Payment up of Unquoted Equity SecuritiesAnnouncement Summary
For personal use only
Entity name SEEK LIMITED
Date of this announcement Friday April 01, 2022
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 |
SEKAK | OPTION EXPIRING VARIOUS DATES EX | 5,916 | 30/03/2022 |
VARIOUS PRICES | |||
SEKAP | RESTRICTED RIGHTS | 2,975 | 30/03/2022 |
SEKAJ | PERFORMANCE RIGHTS | 1,128 | 30/03/2022 |
Refer to next page for full details of the announcementNotification of Issue, Conversion or Payment up of Unquoted Equity Securities
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Notification of Issue, Conversion or Payment up of Unquoted Equity SecuritiesPart 1 - Entity and announcement details
For personal use only
1.1 Name of entity SEEK 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 ABN
1.3 ASX issuer code SEK
1.4 The announcement isNew announcement
1.5 Date of this announcement 1/4/2022
Registration number 46080075314
Notification of Issue, Conversion or Payment up of Unquoted Equity Securities
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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 Equity Securities
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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
SEKAK : OPTION EXPIRING VARIOUS DATES EX VARIOUS PRICES
Date the +securities the subject of this notification were issued 30/3/2022
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?
No
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
Refer to Note 25 of SEEK's 2021 Financial Report:https://www.seek.com.au/content/media/2021-08-24-SEK-Appendix-4E-and-Full-Year-Statutory-Accounts.pdf
Any other information the entity wishes to provide about the +securities the subject of this notification Wealth Sharing Plan (WSP) Options:
(a) Exercise price - $34.40
(b) Earliest exercise date - 1 July 2025
(c) Expiry date - 30 June 2026
Each WSP Option is a conditional right to be allocated one fully paid ordinary share in SEEK. The WSP Options are subject to a Threshold Share Price Hurdle vesting condition which is measured over a three year vesting period (1 July 2021 to 30 June 2024). There is a graduated vesting schedule with 50% vesting occurring at a Threshold Share Price Hurdle ($34.40), 100% vesting occurring at a Stretch Share Price Hurdle ($36.64) and pro-rata vesting taking place between these points. All of the WSP Options will lapse if the Threshold Share Price Hurdle vesting condition is not satisfied. Any WSP Options that do not vest following application of the graduated vesting schedule also lapse. If the WSP Options vest, they will be subject to an exercise restriction period until 30 June 2025.
Issue details
Number of +securities
5,916
Notification of Issue, Conversion or Payment up of Unquoted Equity Securities
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Notification of Issue, Conversion or Payment up of Unquoted Equity Securities
ASX +security code and description
SEKAJ : PERFORMANCE RIGHTS
For personal use only
Date the +securities the subject of this notification were issued 30/3/2022
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?
No
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
Refer to Note 25 of SEEK's 2021 Financial Report:https://www.seek.com.au/content/media/2021-08-24-SEK-Appendix-4E-and-Full-Year-Statutory-Accounts.pdf
Any other information the entity wishes to provide about the +securities the subject of this notification
WSP Rights:
(a) Exercise price - Nil
(b) Earliest exercise date - 1 July 2025
(c) Expiry date - 30 June 2026
Each WSP Right is a conditional right to be allocated one fully paid ordinary share in SEEK. The WSP Rights are subject to a Threshold Share Price Hurdle vesting condition which is measured over a three year vesting period (1 July 2021 to 30 June 2024). There is a graduated vesting schedule with 50% vesting occurring at a Threshold Share Price Hurdle ($34.40), 100% vesting occurring at a Stretch Share Price Hurdle ($36.64) and pro-rata vesting taking place between these points. All of the WSP Rights will lapse if the Threshold Share Price Hurdle vesting condition is not satisfied. Any WSP Rights that do not vest following application of the graduated vesting schedule also lapse. If the WSP Rights vest, they will be subject to an exercise restriction period until 30 June 2025.
Issue details
Number of +securities
1,115
ASX +security code and description
SEKAP : RESTRICTED RIGHTS
Date the +securities the subject of this notification were issued
Notification of Issue, Conversion or Payment up of Unquoted Equity Securities
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Seek Limited published this content on 01 April 2022 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 01 April 2022 06:12:03 UTC.