HITIQ Limited (ASX:HIQ) Issues Securities Following AGM Approval
Issue of Securities
HITIQ Limited (ASX: HIQ) will proceed with the issuance of securities effective 16 December 2024, following shareholder approval at its 2024 Annual General Meeting held on 27 November 2024. This includes the allocation of 656,250 ordinary shares each to directors Phil Carulli, Matt Clayworth, and James Barrie as partial payment for their accrued director fees. Additionally, 2,500,000 ordinary shares will be issued to director Earl Eddings for consultancy fees prior to his appointment. The Company will also partially settle an invoice related to its non-renounceable rights issue with an issuance of 3,000,690 ordinary shares under its 7.1 placement capacity.
Incentive Awards
HITIQ has issued unlisted incentive award shares and performance rights to Earl Eddings, also approved by shareholders at the AGM. This includes 1,750,000 unlisted ordinary shares and 5,250,000 unlisted performance rights.
An Appendix 3B, Appendix 3G, and associated Appendix 3Y will be lodged separately on ASX to reflect these new securities.
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