Annual General Meeting Notice of Meeting Clarification
Released
Released
Announcement PDF
ASX RELEASE
10 October 2024
AGM Notice of Meeting Clarification
Ava Risk Group Limited (ASX: AVA) (“Ava” or “the Company”) provides Shareholders with the below clarification
information in respect of the Notice of Meeting dated 26 September 2024.
Resolution 6(a)
The Vesting Conditions pertaining to Tranche 3 of Mr Maginnis’ Performance Rights should read as follows. The
Notice of Meeting contains a typographical error that refers to Range 2 instead of Range 3 in respect of the
proportionate vesting.
Vesting
Conditions
Tranche 3
1. The Company reporting Earnings Before Taxation Depreciation and Amortisation
(EBITDA) of not less than $7,000,000 and up to $7,999,999 (EBITDA Range 3) for the
Performance Period; and
2. The 5 day Volume Weighted Average Price (VWAP) of the Company’s shares traded on
ASX in the 5 trading days leading up to 31 July 2025 being not less than $0.24 per
share.
3. Performance Rights will vest on a proportionate basis (commencing with 1 Performance
Right) based upon the EBITDA reported within EBITDA Range 3 with the maximum
Performance Rights that are available within this Tranche being 1,000,000.
ENDS
Approved for release by the Board of Directors.
For further information, please contact:
Investor Enquiries
Alexandra Abeyratne
Sodali & Co
alexandra.abeyratne@sodali.com
+61 438 380 057
About Ava Risk Group
Ava Risk Group is a global leader in providing technologies and services to protect critical and high value assets and
infrastructure. It operates three business segments – Detect, Access and Illumination. The Detect segment manufactures
and markets ‘smart’ fibre optic sensing systems for security and condition monitoring for a range of applications
including perimeters, pipelines, conveyors, power cables and data networks. Access is a specialist in the development,
manufacture and supply of high security biometric readers, security access control and electronic locking products.
Illumination specialises in the development and manufacture of illuminators, ANPR cameras and perimeter detectors.
Ava Risk Group products and services are trusted by some of the most security conscious commercial, industrial, military
and government clients in the world. www.avariskgroup.com
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