ASX ANNOUNCEMENT ASX:NWE
25 August 2015
ABN: 65 078 301 505
Level 2, 6 Thelma Street
West Perth WA 6005
PO Box 1264 West Perth WA 6872
Tel: +61 8 9227 3240
Fax: +61 8 9227 3211 www.norwestenergy.com.au
EXPIRY OF UNLISTED OPTIONS
Norwest Energy NL (ASX: NWE) advises that 1,650,000 unlisted options, with an exercise price of
$0.036 issued to employees in August 2010 under a shareholder approved option scheme, have
expired as of today's date.
In addition to the expiring options detailed above, a further 3,500,000 employee options have also been cancelled in accordance with a shareholder approved option scheme as the former employees chose not to exercise the options within the required timeframe of ceasing to be an Eligible Employee. 500,000 of those employee options were issued in May 2011 with an exercise price of
$0.065 and an original expiry date of 26 May 2016. The remaining 3,000,000 employee options were issued in February 2013 with an exercise price of $0.1155 and an original expiry date of 28 November
2016.
In total 5,150,000 unlisted options have today either expired or been cancelled.
44,500,000 unlisted options remain issued to Eligible Employees with various exercise prices and expiry dates.
John Annand
Company Secretary
NORWEST ENERGY NL | ABN: 65 078 301 505
Level 2, 6 Thelma Street West Perth Western Australia 6005 | PO Box 1264 West Perth Western Australia 6872
Tel: +61 8 9227 3240 | Fax: +61 8 9227 3211 | Email: [email protected] | Web: www.norwestenergy.com.au