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CHALLENGER LIMITED — Director's Dealing 2009
Oct 12, 2009
64641_rns_2009-10-12_9ebd9596-7f8a-4ad7-8443-6f80418e349f.pdf
Director's Dealing
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Appendix 3Y Change of Director’s Interest Notice
Rule 3.19A.2
Appendix 3Y
Change of Director’s Interest Notice
Information or documents not available now must be given to ASX as soon as available. Information and documents given to ASX become ASX’s property and may be made public.
Introduced 30/9/2001.
Name of entity Challenger Financial Services Group Limited (Challenger)
ABN 85 106 842 371
We (the entity) give ASX the following information under listing rule 3.19A.2 and as agent for the director for the purposes of section 205G of the Corporations Act.
| Name of Director | Dominic Stevens |
|---|---|
| Date of last notice | 18 September 2009 |
Part 1 - Change of director’s relevant interests in securities
In the case of a trust, this includes interests in the trust made available by the responsible entity of the trust
Note: In the case of a company, interests which come within paragraph (i) of the definition of “notifiable interest of a director” should be disclosed in this part.
Direct or indirect interest Nature of indirect interest (including registered holder) Note: Provide details of the circumstances giving rise to the relevant interest. Date of change No. of securities held prior to change Class Number acquired Number disposed Value/Consideration Note: If consideration is non-cash, provide details and estimated valuation No. of securities held after change
Appendix 3Y Change of Director’s Interest Notice
Nature of change
Example: on-market trade, off-market trade, exercise of options, issue of securities under dividend reinvestment plan, participation in buy-back
Part 2 – Change of director’s interests in contracts
Note: In the case of a company, interests which come within paragraph (ii) of the definition of “notifiable interest of a director” should be disclosed in this part.
| Detail of contract | As disclosed previously, performance rights under the Challenger Performance Plan have been granted in satisfaction of the deferred component of Mr Stevens discretionary performance bonus from Challenger in September 2007 and September 2008. For the 2009 year, all discretionary performance bonuses for Challenger’s senior executive team (including Mr Stevens) were deferred in their entirety. These Performance rights have now been granted to Mr Stevens (‘the 2009 performance rights’). |
|---|---|
| Nature of interest | The 2009 performance rights vest over a two year period subject to Mr Steven’s continued employment with Challenger. Each performance right will be satisfied by the transfer of one ordinary Challenger share within 30 days of vesting. |
| Name of registered holder (if issued securities) |
Not applicable. |
| Date of change | 15 October 2009. |
| No. and class of securities to which interest related prior to change Note: Details are only required for a contract in relation to which the interest has changed |
Previously held 402,369 performance rights |
| Interest acquired | 515,818 |
| Interest disposed | nil |
| Value/Consideration Note: If consideration is non-cash, provide details and an estimated valuation |
nil |
| Interest after change | 918,187 performance rights |
- See chapter 19 for defined terms.
Appendix 3Y Page 2
11/3/2002