Key points
- Issuing 656,250 shares to 3 directors to satisfy 50% of accrued director fees
- Issuing 2,500,000 shares to director Earl Eddings to settle consultancy fees
- Issuing 3,000,690 shares to partially settle non-renounceable rights issue invoice
Full summary
HITIQ Ltd (ASX: HIQ) has announced that, pursuant to shareholder approval at its 2024 Annual General Meeting (AGM) held on 27 November 2024, it will proceed with issuing the following securities, effective 16 December 2024: 656,250 HIQ ordinary shares each to directors Phil Carulli, Matt Clayworth and James Barrie in satisfaction of 50% of their accrued director fees; and 2,500,000 HIQ ordinary shares to director Earl Eddings in satisfaction of consultancy fees prior to his appointment. In addition, the Company has agreed to partially settle an invoice relating to its non-renounceable rights issue announced on 16 October 2023, by way of issuing 3,000,690 HIQ ordinary shares. This issue will be conducted under the Company's 7.1 placement capacity. The Company also issued 1,750,000 unlisted ordinary shares and 5,250,000 unlisted Performance Rights to Earl Eddings, as approved by shareholders at the AGM.