14 Jan

Notification regarding unquoted securities - DRO

Notification of Issue, Conversion or Payment up of Unquoted Equity Securities Notification of Issue, Conversion or Payment up of Unquoted Equity Securities 1 / 8 Announcement Summary Entity name DRONESHIELD LIMITED Date of this announcement Friday January 14, 2022 The +securities the subject of this notification are: Total number of +securities to be issued/transferred ASX +security code Security description Total number of +securities to be issued/transferred Issue date DROAH OPTION EXPIRING VARIOUS DATEX EX VARIOUS PRICES 15,350,000 12/01/2022 Refer to next page for full details of the announcement +Other securities issued under an +employee incentive scheme that are not intended to be quoted on ASX Notification of Issue, Conversion or Payment up of Unquoted Equity Securities Notification of Issue, Conversion or Payment up of Unquoted Equity Securities 2 / 8 Part 1 - Entity and announcement details 1.1 Name of entity DRONESHIELD 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 Registration number 26608915859 1.3 ASX issuer code DRO 1.4 The announcement is 1.5 Date of this announcement 14/1/2022 New announcement Notification of Issue, Conversion or Payment up of Unquoted Equity Securities Notification of Issue, Conversion or Payment up of Unquoted Equity Securities 3 / 8 Part 2 - Issue details 2.1 The +securities the subject of this notification are: 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") +Other securities issued under an +employee incentive scheme that are not intended to be quoted on ASX Notification of Issue, Conversion or Payment up of Unquoted Equity Securities Notification of Issue, Conversion or Payment up of Unquoted Equity Securities 4 / 8 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 ASX +security code and description DROAH : OPTION EXPIRING VARIOUS DATEX EX VARIOUS PRICES Date the +securities the subject of this notification were issued 12/1/2022 Will these +securities rank equally in all respects from their issue date with the existing issued +securities in that class Were any of the +securities issued to +key management personnel (KMP) or an +associate? 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 the 2019 Notice of Annual General Meeting, Resolution 8 - Adoption of Incentive Option Plan Rules. The full terms of the plan are set out in Schedule 3. URL: https://www.asx.com.au/asxpdf/20190329/pdf/443wtfz7bbkswr.pdf Any other information the entity wishes to provide about the +securities the subject of this notification Issue of 600,000 unlisted employee options (being the Class Y options), each exercisable at $0.25 per option, expiring on 12 January 2027. This employee options grant, for key US-based employees, set at a strike price of approximately 50% to the current shareprice, further aligns employees and shareholders of DroneShield. Attracting, motivating and retaining best and brightest team members is key to a high-tech business like DroneShield, in a highly competitive environment for top notch talent. A meaningful equity component also reduces the base salary requirement for the relevant level of skill and experience, which is important for a business like DroneShield, in a stage of minimising cash expense base. Issue details Number of +securities 600,000 No Yes Notification of Issue, Conversion or Payment up of Unquoted Equity Securities Notification of Issue, Conversion or Payment up of Unquoted Equity Securities 5 / 8 ASX +security code and description DROAH : OPTION EXPIRING VARIOUS DATEX EX VARIOUS PRICES Date the +securities the subject of this notification were issued 12/1/2022 Will these +securities rank equally in all respects from their issue date with the existing issued +securities in that class Were any of the +securities issued to +key management personnel (KMP) or an +associate? 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 the 2019 Notice of Annual General Meeting, Resolution 8 - Adoption of Incentive Option Plan Rules. The full terms of the plan are set out in Schedule 3. URL: https://www.asx.com.au/asxpdf/20190329/pdf/443wtfz7bbkswr.pdf Any other information the entity wishes to provide about the +securities the subject of this notification Issue of 100,000 unlisted employee options (being the Class Z options), each exercisable at $0.20 per option, expiring on 12 April 2022. This employee options grant, for key Australian-based employees, further aligns US employees and shareholders of DroneShield. Attracting, motivating and retaining best and brightest team members is key to a high-tech business like DroneShield, in a highly competitive environment for top notch talent. A meaningful equity component also reduces the base salary requirement for the relevant level of skill and experience, which is important for a business like DroneShield, in a stage of minimising cash expense base. Issue details Number of +securities 100,000 ASX +security code and description DROAH : OPTION EXPIRING VARIOUS DATEX EX VARIOUS PRICES Date the +securities the subject of this notification were issued 12/1/2022 Will these +securities rank equally in all respects from their issue date with the existing issued +securities in that class No Yes Notification of Issue, Conversion or Payment up of Unquoted Equity Securities Notification of Issue, Conversion or Payment up of Unquoted Equity Securities 6 / 8 Will these +securities rank equally in all respects from their issue date with the existing issued +securities in that class Were any of the +securities issued to +key management personnel (KMP) or an +associate? 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 the 2019 Notice of Annual General Meeting, Resolution 8 - Adoption of Incentive Option Plan Rules. The full terms of the plan are set out in Schedule 3. URL: https://www.asx.com.au/asxpdf/20190329/pdf/443wtfz7bbkswr.pdf Any other information the entity wishes to provide about the +securities the subject of this notification Issue of 14,650,000 unlisted employee options (being the Class X options), each exercisable at $0.25 per option, expiring on 12 January 2024. This employee options grant, for key Australian-based employees, set at a strike price of approximately 50% to the current share price, further aligns employees and shareholders of DRO. Attracting, motivating and retaining key team members is key to a high-tech business like DRO. A meaningful equity component also reduces the base salary requirement for the relevant level of skill and experience, which is important for a business like DRO, in a stage of minimising cash expense base. Importantly, and historically unusually for Australia, DRO does all of its own high-tech hardware and software development, across a wide range of engineering. This means highly differentiated products which are best of their class globally, however, also requires a highly sophisticated and diverse range of engineering and science skillsets. Issue details Number of +securities 14,650,000 No Yes Notification of Issue, Conversion or Payment up of Unquoted Equity Securities Notification of Issue, Conversion or Payment up of Unquoted Equity Securities 7 / 8 Part 4 - +Securities on issue Following the issue, conversion or payment up of the +securities the subject of this application, the +securities of the entity will comprise: (A discrepancy in these figures compared to your own may be due to a matter of timing if there is more than one application for quotation/issuance currently with ASX for processing.) 4.1 Quoted +Securities (Total number of each +class of +securities quoted) ASX +security code and description Total number of +securities on issue DRO : ORDINARY FULLY PAID 418,226,152 4.2 Unquoted +Securities (Total number of each +class of +securities issued but not quoted on ASX) ASX +security code and description Total number of +securities on issue DROAH : OPTION EXPIRING VARIOUS DATEX EX VARIOUS PRICES 39,465,834 Notification of Issue, Conversion or Payment up of Unquoted Equity Securities Notification of Issue, Conversion or Payment up of Unquoted Equity Securities 8 / 8 Part 5 - Other Listing Rule requirements 5.1 Were the +securities issued under an exception in Listing Rule 7.2 and therefore the issue did not need any security holder approval under Listing Rule 7.1? 5.1a Select the number of the applicable exception in Listing Rule 7.2 13 Yes
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