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Ann: Appendix 3B, page-4

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06/03/18

20:51

Post #: 31571440
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Originally posted by kickit2me ↑

# 1. Unquoted options exercisable at $0.090 each, expiring on 1 March 2021 issued to several employees of the Company with certain vesting conditions attached pursuant to the Company’s Incentive Option Scheme approved by Shareholders at the AGM held on 28 November 2016.

# RESOLUTION 4 – ADOPTION OF INCENTIVE OPTION PLAN To consider and, if thought fit, to pass, with or without amendment, the following resolution as an ordinary resolution: “That, for the purposes of ASX Listing Rule 7.2 (Exception 9(b)) and for all other purposes, approval is given for the Company to adopt an employee incentive scheme titled Incentive Option Scheme and for the issue of securities under that Plan, on the terms and conditions set out in the Explanatory Statement.”

# RESOLUTION 4 – ADOPTION OF INCENTIVE OPTION PLAN Resolution 4 seeks Shareholders approval for the adoption of the employee incentive scheme titled Incentive Option Plan (Plan) in accordance with ASX Listing Rule 7.2 (Exception 9(b)). ASX Listing Rule 7.1 provides that a company must not, subject to specified exceptions, issue or agree to issue more equity securities during any 12 month period than that amount which represents 15% of the number of fully paid ordinary securities on issue at the commencement of that 12 month period. ASX Listing Rule 7.2 (Exception 9(b)) sets out an exception to ASX Listing Rule 7.1 which provides that issues under an employee incentive scheme are exempt for a period of 3 years from the date on which shareholders approve the issue of securities under the scheme as an exception to ASX Listing Rule 7.1. If Resolution 4 is passed, the Company will be able to issue Options under the Plan to eligible participants over a period of 3 years without impacting on the Company’s ability to issue up to 15% of its total ordinary securities without Shareholder approval in any 12 month period. Shareholders should note that no Options have previously been issued under the Plan. The objective of the Plan is to attract, motivate and retain key employees and it is considered by the Company that the adoption of the Plan and the future issue of Shares under the Plan will provide selected employees with the opportunity to participate in the future growth of the Company. Any future issues of Options under the Plan to a related party or a person whose relation with the company or the related party is, in ASX’s opinion, such that approval should be obtained will require additional Shareholder approval under ASX Listing Rule 10.14 at the relevant time. A summary of the key terms and conditions of the Plan is set out in Schedule 1. In addition, a copy of the Plan is available for review by Shareholders at the registered office of the Company until the date of the Meeting. A copy of the Plan can also be sent to Shareholders upon request to the Company Secretary (Susan Hunter). Shareholders are invited to contact the Company if they have any queries or concerns.

# Not personally, no.

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151m out of escrow on 02/03 may be behind the record volumes over the last 3 days.

NUH Price at posting: 8.9¢ Sentiment: None Disclosure: Held
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