Wolf Minerals Limited

Published : July 01st, 2016

Performance Right Plan ...

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Keywords :   9/11 | Australia | Tungsten |

Performance Right Plan Update

2953f3b1-99f7-4491-a1d9-19bd6fca43ef.pdf

ASX Announcement

1 July 2016

Performance Rights Plan Update

Specialty metals producer, Wolf Minerals Limited (ASX: WLF, AIM: WLFE) (Wolf or the Company) wishes to advise an amendment to the Company's long term incentive arrangements provided through its Performance Rights Plan (the Plan) with effect from 30 June 2016 and a consequential change to the remuneration arrangements of the Company's Managing Director, Mr Russell Clark, pursuant to ASX Listing Rule 3.16.4.

Under the Performance Rights Plan, senior managers including the Managing Director are provided with performance rights for Wolf ordinary shares. Vesting of the performance rights over defined multi year periods is subject to the attainment of the vesting assessment criteria which are as follows:

  • 50% calculated on Wolf's relative performance to a peer group of companies, being the AIM Basic Resources Index; and

  • 50% based on Wolf achieving absolute Total Shareholder Return targets.

Upon recommendation from the Remuneration Committee, the Board has approved an extension to the vesting period of the Plan's performance rights for an additional two years to a maximum of five years. Vesting assessments will be conducted by the Remuneration Committee at predetermined intervals during the additional two year period and, subject to the outcome of the review, performance rights may vest prior to their new expiry date. Approval for the requisite elements of the extension arrangements will be sought from shareholders at the Company's 2016 Annual General Meeting. The table below details the Company's performance rights currently on issue and the amended vesting period. There has been no change to the vesting assessment criteria.

Remuneration period covered

Tranche

Number of Performance Rights as at business close 30 June 2016

Original Expiry Date

New Expiry Date

2012 (Note 1)

366,945

21 November 2016

21 November 2016

13 Oct 2013 to 30 June 2014

Tranche 1

898,150

30 June 2016

30 June 2018

1 July 2014 to 30 June 2015

Tranche 2

1,491,989

30 June 2017

30 June 2019

1 July 2015 to 30 June 2016

Tranche 3

1,982,545

30 June 2018

30 June 2020

TOTAL

4,739,629

Note 1: The 2012 performance rights were issued prior to the existing Plan and are subject to separate vesting conditions relating to project completion. Therefore, no extension has been provided for these performance rights

ENDS

Wolf Minerals Limited

Level 3, 22 Railway Road, Subiaco WA 6008

Ph: +61 (0) 8 6143 2070

ABN: 11 121 831 472

www.wolfminerals.com.au

Russell Clark Managing Director

Ph: +61 (0) 8 6143 2070

E: [email protected]

Media and Investor Relations

Australia

James Moses, Mandate Corporate Ph: +61 (0) 420 991 574

E: [email protected]

UK

Helena Bogle, Newgate Ph: +44 (0) 20 7653 9850

E: [email protected]

About Wolf Minerals

Wolf Minerals is a dual listed (ASX: WLF, AIM: WLFE) specialty metals producer. With global demand for tungsten rising and future global production expected to be constrained, Wolf Minerals has recently completed the development of a large tungsten resource at its Drakelands Mine, located at Hemerdon, in southwest England.

2

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Data and Statistics for these countries : Australia | All
Gold and Silver Prices for these countries : Australia | All

Wolf Minerals Limited

DEVELOPMENT STAGE
CODE : WLF.AX
ISIN : AU000000WLF3
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Wolf Min. is a tin development stage company based in Australie.

Wolf Min. develops tin and tungsten in U.k..

Its main asset in development is HEMERDON MINE in U.k. and its main exploration properties are DULLAH, YANCO GLEN, BURRANDANA, RED HILL ( AUSTRALIA) and KIOWARRAH in Australia.

Wolf Min. is listed in Australia. Its market capitalisation is AU$ 9.5 billions as of today (US$ 6.8 billions, € 5.8 billions).

Its stock quote reached its lowest recent point on September 19, 2018 at AU$ 0.03, and its highest recent level on September 30, 2020 at AU$ 8.75.

Wolf Min. has 1 085 689 984 shares outstanding.

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Corporate Presentations of Wolf Minerals Limited
5/27/2010Intersuisse Research Report
In the News and Medias of Wolf Minerals Limited
10/12/2018Australian tungsten producer Wolf Minerals says its British ...
11/6/2014Australia's Wolf Minerals ready for construction of UK tungs...
Annual reports of Wolf Minerals Limited
2008 Annual report
Nominations of Wolf Minerals Limited
10/29/2013Appointment of Russell Clark as Managing Director highlights...
10/17/2013Wolf Minerals appoints Russell Clark new Managing Director -...
9/20/2013Wolf Minerals appoints Ronnie Beevor to the board as a Non-e...
Project news of Wolf Minerals Limited
3/13/2015Wolf Minerals' tungsten mine to start production in Devon
3/9/2015Wolf Minerals to open first British metal mine for 45 years ...
3/17/2014Ground breaking marks start of Wolf tungsten mine project
1/31/2014Continued progress towards construction at Hemerdon Tungsten...
1/20/2014Wolf Minerals provides update on Hemerdon Tungsten Project -...
1/15/2014Plymouth Minerals strengthens Board to drive Morille Tungste...
12/16/2013Wolf Minerals issued Class A Mining Waste Facility Environme...
11/12/2013Wolf Minerals achieves key milestone in permitting process f...
8/19/2013Wolf Minerals makes Senior Project Management appointments a...
7/18/2013Wolf Minerals finalises A$213M funding package for Hemerdon ...
6/12/2013Wolf Minerals commences development at Hemerdon Tungsten Pro...
6/4/2013Wolf Minerals Company Presentation_Hemerdon Tungsten Project...
1/31/2013Wolf Minerals secures A$212M funding package for Hemerdon Tu...
10/31/2012Wolf Minerals advances development of Hemerdon Tungsten Proj...
9/17/2012Wolf Minerals granted key environmental approvals for Hemerd...
9/3/2012Wolf Minerals to expand Hemerdon Tungsten Project senior deb...
7/31/2012Wolf Minerals completes first major construction work at Hem...
7/27/2012Wolf Minerals continues to progress development of Hemerdon ...
5/29/2012Wolf Minerals raises $5M for ongoing development of Hemerdon...
1/31/2012Wolf Minerals continues to progress Hemerdon Tungsten Projec...
1/13/2012Wolf Minerals secures UK Minister of State for Trade and Inv...
12/19/2011Wolf Minerals to raise GBP=C2=A355M ($A80M) project finance ...
12/15/2011Wolf Minerals to commence infrastructure work at Hemerdon Tu...
8/31/2011Wolf Minerals_updated Research Report_BUY recommendation_Pri...
8/26/2011Wolf Minerals secures $6M Development Funding Facility for H...
5/23/2011Wolf Minerals_Hemerdon Tungsten and Tin Project Definitive F...
5/16/2011Wolf Minerals releases positive results from Definitive Feas...
4/8/2011Wolf Minerals provides Definitive Feasibility Study update f...
8/12/2010(Hemerdon Mine)raises $2M to fast track completion of Hemerdon Tungsten pro...
3/13/2008(Hemerdon Mine)Resource Upgrade at Hemerdon Ball Tungsten-Tin deposit
1/29/2008(New South Wales)Exploration results
12/5/2007(Hemerdon Mine)Acquires Major World Class Tungsten Deposit
Corporate news of Wolf Minerals Limited
7/1/2016Performance Right Plan Update
5/23/2016Expiry of Unlisted Option
4/27/2016Quarterly Report for the 3 Months Ended 31 March 2016
4/22/2016Standby Subscription Facility Approved
4/22/2016Results of General Meeting - 22 April 2016
4/5/2016Wolf Announces New General Manager for Drakelands Mine
3/21/2016Notice of General Meeting and Independent Expert's Report
3/21/2016Notice of General Meeting & Independent Expert's Report
1/28/2016Quarterly Report for the 3 Months Ended 31 Dec 2015
12/1/2014Wolf Completes Hemerdon Geotechnical Drilling Campaign
11/20/2014Wolf Presenting at Mines and Money Conf on 1 Dec London
11/2/2014Appointment of Joint Company Secretary
3/14/2014Suspension from Official Quotation
3/12/2014Request for Trading Halt
2/24/2014Wolf Minerals awarded Deal of the Year for Hemerdon Tungsten...
2/17/2014Wolf Minerals Managing Director Russell Clark interview with...
2/11/2014Wolf Minerals to commence construction at Hemerdon Tungsten ...
12/12/2013Latest news from Wolf Minerals_ Interview with Managing Dire...
11/19/2013Wolf Minerals_Updated Research Report from Breakaway Researc...
10/3/2013Wolf Minerals Investor Update newsletter_October 2013
4/29/2013Wolf Minerals awards =C2=A375 million EPC Contract for Hemer...
3/13/2013Wolf Minerals_Updated Research Report from Breakaway Researc...
2/8/2013Wolf Minerals Investor Update newsletter_February 2013
8/7/2012Wolf Minerals Investor Update newsletter_August 2012
5/31/2012Wolf Minerals Investor Update newsletter_May 2012
3/5/2012Wolf Minerals secures credit approval for GBP=C2=A355M ($A81...
2/17/2012Wolf Minerals Investor Update newsletter_February 2012
5/10/2011Wolf Minerals Investor Update newsletter_May2011
5/9/2011Wolf Minerals Tungsten market update_Prices and Demand to re...
1/24/2008Hemerdon Tungsten and Tin Project Update
11/21/2007UPDATE ON REISNSTATEMENT TO TRADING ON ASX
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AUSTRALIA (WLF.AX)
8.75+0.00%
AUSTRALIA
AU$ 8.75
09/30 11:00 -
0%
Prev close Open
8.75 8.75
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8.75 8.75
Year l/h YTD var.
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52 week l/h 52 week var.
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24hGold TrendPower© : -27
Produces
Develops Tin - Tungsten
Explores for Tin - Tungsten
 
 
 
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