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Ann: GENERAL: PBG: Appendix 3B - New Issue Announcement

    • Release Date: 17/02/15 10:48
    • Summary: GENERAL: PBG: Appendix 3B - New Issue Announcement
    • Price Sensitive: No
    • Download Document  4.76KB
    17/02/2015 10:48
    REL: 1048 HRS Pacific Brands Limited
    GENERAL: PBG: Appendix 3B - New Issue Announcement
    Appendix 3B
    New issue announcement,
    application for quotation of additional securities
    and agreement
    Name of entity
    64 106 773 059
    We (the entity) give ASX the following information.
    Part 1  All issues
    You must complete the relevant sections (attach sheets if there is not enough
    1 +Class of +securities issued or to be issued
     Performance Rights under the Pacific Brands Performance Rights Plan
    2 Number of +securities issued or to be issued (if known) or maximum number
    which may be issued
    3 Principal terms of the +securities (e.g. if options, exercise price and
    expiry date; if partly paid +securities, the amount outstanding and due dates
    for payment; if +convertible securities, the conversion price and dates for
    conversion) 5,125,257 Performance Rights granted to 7 executives as part of
    their remuneration packages under the Company's Performance Rights Plan.
    Each performance right is an entitlement to one share in the company, subject
    to the satisfaction of the relevant performance conditions.  Performance
    conditions are measured over 3 years from 1 July 2014 to 30 June 2017 and are
    based on TSR and EPS growth measures.  The performance conditions are
    re-measured over a 4 year period from 1 July 2014 to 30 June 2018, should the
    Performance Rights fail to vest, in whole or in part, at the first testing
    date.  Upon vesting, shares will be allocated to the executed and will not be
    subject to trading restrictions.  No amount is payable by executives upon the
    vesting of the Performance Rights.
    4 Do the +securities rank equally in all respects from the +issue date with
    an existing +class of quoted +securities?
    If the additional +securities do not rank equally, please state:
    o the date from which they do
    o the extent to which they participate for the next dividend, (in the case of
    a trust, distribution) or interest payment
    o the extent to which they do not rank equally, other than in relation to the
    next dividend, distribution or interest payment
    Shares allocated upon vesting of the Performance Rights will rank equally
    with all existing ordinary shares.
     5  Issue price or consideration   Nil
     6  Purpose of the issue
     (If issued as consideration for the acquisition of assets, clearly identify
    those assets)
        5,125,257 performance rights issued effective 1 July 2014 pursuant to the
    Company's Performance Rights Plan as part of the executives remuneration
    packages under the Company's long term incentive scheme.
     6a  Is the entity an +eligible entity that has obtained security holder
    approval under rule 7.1A?
     If Yes, complete sections 6b - 6h in relation to the +securities the subject
    of this Appendix 3B, and comply with section 6i  No
     6b  The date the security holder resolution under rule 7.1A was passed  Not
     6c  Number of +securities issued without security holder approval under rule
    7.1  Not applicable
     6d  Number of +securities issued with security holder approval under rule
    7.1A  Not applicable
     6e  Number of +securities issued with security holder approval under rule
    7.3, or another specific security holder approval (specify date of meeting)
       Not applicable
     6f  Number of +securities issued under an exception in rule 7.2  Not
     6g  If +securities issued under rule 7.1A, was issue price at least 75% of
    15 day VWAP as calculated under rule 7.1A.3?  Include the +issue date and
    both values.  Include the source of the VWAP calculation.  Not applicable
     6h  If +securities were issued under rule 7.1A for non-cash consideration,
    state date on which valuation of consideration was released to ASX Market
    Announcements  Not applicable
     6i  Calculate the entity's remaining issue capacity under rule 7.1 and rule
    7.1A - complete Annexure 1 and release to ASX Market Announcements  Not
     7  +Issue dates
     Note: The issue date may be prescribed by ASX (refer to the definition of
    issue date in rule 19.12).  For example, the issue date for a pro rata
    entitlement issue must comply with the applicable timetable in Appendix 7A.
     Cross reference: item 33 of Appendix 3B.  16 February 2015
         Number  +Class
     8  Number and +class of all +securities quoted on ASX (including the
    +securities in section 2 if applicable)
        917,226,291  Ordinary fully paid shares
         Number  +Class
     9  Number and +class of all +securities not quoted on ASX (including the
    +securities in section 2 if applicable)
        7,725,246  Performance Rights
     10  Dividend policy (in the case of a trust, distribution policy) on the
    increased capital (interests)  The Performance Rights do not carry a right to
    a dividend prior to vesting.
    End CA:00260723 For:PBG    Type:GENERAL    Time:2015-02-17 10:48:34

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