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16 Dec 2014 07:00
NOTICE UNDER s708AA OF THE ACT
The Company hereby notifies ASX under paragraph 708AA (2) (f) of the Corporations Act 2001 (Cth) (Act) that:
(a) the Company will offer the Shares for issue without disclosure to investors under Part 6D.2 of the Act;
(b) the Company is providing this notice under paragraph 2(f) of section 708AA of the Act;
(c) as at the date of this notice the Company has complied with the provisions of Chapter 2M of the Act as they apply to the Company;
(d) as at the date of this notice the Company has complied with section 674 of the Act;
(e) as at the date of this notice there is no information of the type referred to in sections 708AA(8) and 708AA(9) of the Act :
(i) that has been excluded from a continuous disclosure notice in accordance with the ASX Listing Rules; and
(ii) that investors and their professional advisors would reasonably require for the purpose of making an informed assessment of:
(A) the assets and liabilities, financial position and performance, profits and losses and prospects of the Company; or
(B) the rights and liabilities attaching to the Shares; and
(f) the effect the Rights Issue has had on the control of the Company, and the consequences of that effect, are set out below:
Nathaniel le Roux | Alexander Littlejohn | Total | |
Shares held prior to the Offer | 87,333,333 | 2,666,666 | 568,529,569 |
% holding prior to the Offer | 15.4% | 0.5% | 15.9% |
Entitlement shares taken up | 87,333,333 | 2,666,666 | 194,965,196 |
Shares held following the Offer | 174,666,666 | 5,333,332 | 763,494,765 |
% holding following the Offer | 23.0% | 0.7% | 23.7% |
Underwriting shares taken up | 281,897,707 | - | 281,897,707 |
Shares held following the Underwriting | 456,564,373 | 5,333,332 | 1,045,392,472 |
% holding following the Underwriting | 43.7% | 0.5% | 44.2% |
P J Newcomb
COMPANY SECRETARY
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