Pursuant to Listing Rules 7.12.1 and 7.12.9, Sealegs Corporation Limited
(SCL), gives notice that it has issued the following securities;
a) Class of Security and ISIN: Ordinary shares issued upon the conversion of
options to acquire ordinary shares issued under the SCL Employee Share Option
Plan (Options) as approved at the Annual Meeting of SCL on 17 July 2009.
b) ISIN: NZIGVE0001S1
c) Number of Securities issued: 100,000 Ordinary shares
d) Number of Securities Converted: 100,000 Options
e) Total number of Options that remain to be converted: 9,450,000 Options
f) Details of any interest or dividend conditions attaching to the Securities
Converted, and allotted upon Conversion: NIL
g) Nominal value (if any) and issue price: No nominal value. The Options were
issued for no consideration. The exercise price (in accordance with the SCL
Employee Option Plan) for each Option exercised was $0.10
h) Payment of the exercise price for each Option that was exercised has been
received in cash
i) Percentage of the total Class of Securities issued: 0.081% of Ordinary
Shares
j) Reason for the issue: Conversion of Options issued under SCL Employee
Option Plan implemented on 17 July 2009
k) Specific authority for the issue (if any): Resolution of shareholders at
the Annual Meeting of SCL on 17 July 2009
l) Any terms or details of the issue: The issue is subject to the terms and
conditions set out in SCL''s Employee Option Plan
m) Total number of Securities of the Class in existence after the issue:
124,290,190 Ordinary shares
n) Date of issue 26 April 2011
Note: Due to an administrative oversight this notice was not released on the
date of issue.
End CA:00225065 For:SLG Type:EXERCISE Time:2012-07-18 11:29:37