Company: FEAV
Filing Date: 2025-02-03
Form Type: DEF 14A
Source: 0000950170-25-012391
Chunk: 52

Company: 5E Advanced Materials, Inc.
Filing Date: 2025-02-03
Form: DEF 14A
Chunk 52
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 through acquiring an equity interest in the Company or be paid incentive compensation in the form of the Company’s Common Stock.

If the Share Issuance Proposal is approved and the Company is able to complete an out-of-court restructuring, Ascend and Bluescape shall each have the right to designate two directors to serve on our Board for so long as such party beneficially owns 25% of our Common Stock and each have the right to designate one director to serve on our Board for so long as such party beneficially owns 10% of our Common Stock.

This Proposal seeks approval of the Plan for the purposes of ASX Listing Rule 10.14 and for all other purposes to allow each of (1) Graham van’t Hoff; (2) Barry Dick; (3) Bryn Jones; and (4) Curt Hebert to participate in, and be granted awards under, the Plan.

Restriction on ability to issue securities without approval

ASX Listing Rule 10.14 requires a listed entity to obtain the approval of its stockholders before issuing equity securities (including Director Share Units, Restricted Share Units and Performance Share Units) to a director under an employee incentive scheme. Approval can be obtained, for the purposes of ASX Listing Rule 10.14, for the issue of equity securities to directors under an employee incentive scheme for a period of up to 3 years.

An issue of equity securities that is made with the approval of stockholders under ASX Listing Rule 10.14 does not count towards an entity’s placement capacity under ASX Listing Rule 7.1 and is an exception to ASX Listing Rule 10.11 (noting that the Company has sought and received a waiver from ASX Listing Rule 7.1 subject to certain conditions as announced on May, 1 2024).

An approval under ASX Listing Rule 10.14 ceases to be valid if there is a material change to the terms of the Plan from those disclosed at the time the approval was obtained. Approval was obtained for the purposes of ASX Listing Rule 10.14 for each of (1) Graham van’t Hoff; (2) Barry Dick; and (3) Bryn Jones to participate in the Plan at the Company’s 2024 Annual General Meeting held in January 2025.

The Equity Plan Proposal seeks approval to amend the Plan to increase the aggregate number of shares that may be issued under the Plan by 14,000,000 shares. As this is considered a material change to the terms of