Share Name Share Symbol Market Type Share ISIN Share Description
Berkeley Eng LSE:BKY London Ordinary Share AU000000BKY0 ORD NPV (DI)
  Price Change % Change Share Price Bid Price Offer Price High Price Low Price Open Price Shares Traded Last Trade
  -2.00p -3.74% 51.50p 51.00p 52.00p 54.00p 51.50p 53.50p 137,397 14:00:01
Industry Sector Turnover (m) Profit (m) EPS - Basic PE Ratio Market Cap (m)
Mining 0.3 -9.5 -4.1 - 131.09

Berkeley Energia Limited Strategic Investment & Director Appointment

30/11/2017 7:24am

UK Regulatory (RNS & others)


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RNS Number : 9533X

Berkeley Energia Limited

30 November 2017

BERKELEY ENERGIA LIMITED

NEWS RELEASE | 30 November 2017 | AIM/ASX: BKY

Berkeley completes strategic investment of up to US$120m with Oman sovereign wealth fund

Berkeley Energia is pleased to announce that shareholders have voted to approve the strategic investment agreement with the sovereign wealth fund of the Sultanate of Oman.

All Conditions Precedent have been met and the Company has now received the initial US$65 million tranche of funding.

The investment comprises an interest-free and unsecured loan of US$65 million which can be converted into ordinary shares at 50 pence per share upon commissioning of the mine, as well as an options package exercisable at an average price of 85 pence per share contributing an additional US$55 million if exercised.

The receipt of this first US$65 million fully funds the capital costs for production at the Salamanca mine, the only uranium mine under construction in the world today.

With the funding now completed, the Company will award the major construction and mining contracts and commence major earthworks early in the new year.

Mr Deepankar Panigrahi, Investment Manager in the Private Equity division of the State General Reserve Fund ("SGRF") of Oman will join the Board as a Non-Executive Director effective immediately.

Mr Panigrahi has extensive experience across a variety of sectors and geographies covering all stages of the private equity process, including post investment management. Mr Panigrahi holds an Undergraduate and Master's degree in Economics with Distinction and Honours from the University of Michigan followed by an MBA from Cambridge University.

Managing Director, Paul Atherley, commented:

"We are delighted to have now closed the Oman financing transaction, which fully de-risks the capital costs required to bring the Salamanca mine into production. We welcome the Oman fund as a strategic, long term investor and shareholder in the Company and we welcome Mr Deepankar Panigrahi to our Board.

With the funding in place we will now award the main EPC and mining contracts and begin major earthworks in the new year, focusing first on the installation of the crushing circuit.

Spot uranium prices have risen sharply since the announcement in early November by Cameco that it has temporarily suspended production from the McArthur River due to continued uranium price weakness.

Over the coming months, we expect more supply to be removed from global markets as higher cost operations are forced into closure when historical sales contracts roll off.

The Salamanca mine, with some of the lowest operating costs globally, is being constructed at the bottom of the uranium price cycle and when production commences the market is expected to be dominated by US utilities looking to re-contract, who will at the same time be competing with Chinese and Japanese reactor demand."

An Appendix 3B is attached to this announcement.

For further information please contact:

 
 Berkeley Energia Limited                    +44 20 7478 3900 
 Paul Atherley, Managing Director    info@berkeleyenergia.com 
 Hugo Schumann, Corporate 
  Manager 
 
 WH Ireland Limited (Nominated 
  Adviser)                                   +44 20 7220 1683 
 Tim Feather, Director 
 Jessica Cave, Assistant Director 
 Alex Bond, Executive 
 
 Peel Hunt LLP (Joint Broker)                +44 20 7418 8900 
 Ross Allister 
 Chris Burrows 
 
 Buchanan                                    +44 207 466 5000 
 Bobby Morse, Senior Partner              BKY@buchanan.uk.com 
 Anna Michniewicz, Account 
  Director 
 

Mr Deepankar Panigrahi (age 38), will join the board as a Non-Executive Director. There are no other matters which are required to be announced pursuant to paragraph (g) of Schedule 2 of the AIM Rules.

Rule 2.7, 3.10.3, 3.10.4, 3.10.5

Appendix 3B

New issue announcement,

application for quotation of additional securities

and agreement

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 01/07/96 Origin: Appendix 5 Amended 01/07/98, 01/09/99, 01/07/00, 30/09/01, 11/03/02, 01/01/03, 24/10/05, 01/08/12, 04/03/13

 
Name of entity 
 Berkeley Energia Limited 
------------------------- 
 
 
ABN 
 40 052 468 569 
--------------- 
 

We (the entity) give ASX the following information.

Part 1 -- All issues

You must complete the relevant sections (attach sheets if there is not enough space).

 
 1      +Class of +securities                                       a) Convertible Loan Note 
         issued or to be                                             b) Unlisted Options 
         issued 
 
 2      Number of +securities                                       a) Convertible loan note 
         issued or to be                                             convertible into 100,880,000 
         issued (if known)                                           ordinary shares 
         or maximum number                                           b) 50,443,124 
         which may be issued 
 
 3      Principal terms                                             a) Convertible loan note 
         of the +securities                                          convertible ordinary 
         (e.g. if options,                                           shares at GBP0.50 per 
         exercise price                                              share expiring 30 November 
         and expiry date;                                            2021 
         if partly paid                                              b) 10,088,625 Unlisted 
         +securities, the                                            Options exercisable at 
         amount outstanding                                          GBP0.60 each, vesting 
         and due dates                                               on conversion of the 
         for payment; if                                             Convertible Loan Note 
         +convertible securities,                                    and expiring the earlier 
         the conversion                                              of 12 months after vesting 
         price and dates                                             or on 30 November 2022 
         for conversion)                                             15,132,937 Unlisted 
                                                                     Options exercisable at 
                                                                     GBP0.75 each, vesting 
                                                                     on conversion of the 
                                                                     Convertible Loan Note 
                                                                     and expiring the earlier 
                                                                     of 18 months after vesting 
                                                                     or on 30 May 2023 
                                                                     25,221,562 Unlisted 
                                                                     Options exercisable at 
                                                                     GBP1.00 each, vesting 
                                                                     on conversion of the 
                                                                     Convertible Loan Note 
                                                                     and expiring the earlier 
                                                                     of 24 months after vesting 
                                                                     or on 30 November 2023 
                                                                   ---------------------------------- 
 
 4      Do the +securities                                          No - not listed 
        rank equally in 
        all respects from 
        the +issue date 
        with an existing 
        +class of quoted 
        +securities? 
 
        If the additional 
        +securities do 
        not rank equally, 
        please state: 
         *    the date from which they do 
 
 
         *    the extent to which they participate for the next 
              dividend, (in the case of a trust, distribution) or 
              interest payment 
 
 
         *    the extent to which they do not rank equally, other 
              than in relation to the next dividend, distribution 
              or interest payment 
                                                                   ---------------------------------- 
 
 5      Issue price or                                              a) GBP0.50 
         consideration                                               b) Nil - see below 
                                                                   ---------------------------------- 
 
        Purpose of the                                              Proceeds will be used 
         issue                                                       to bring the Salamanca 
         (If issued as                                               mine into production 
   6     consideration                                               and for ongoing working 
         for the acquisition                                         capital requirements 
         of assets, clearly 
         identify those 
         assets) 
                                                                   ----------------------------------------------------------- 
 
        Is the entity                                               Yes 
         an +eligible entity 
         that has obtained 
   6a    security holder 
         approval under 
         rule 7.1A? 
 
         If Yes, complete 
         sections 6b - 
         6h in relation 
         to the +securities 
         the subject of 
         this Appendix 
         3B, and comply 
         with section 6i 
                                                                   ----------------------------------------------------------- 
 
        The date the security                                       28 November 2017 
         holder resolution 
         under rule 7.1A 
   6b    was passed 
                                                                   ----------------------------------------------------------- 
 
        Number of +securities                                       Nil 
         issued without 
         security holder 
   6c    approval under 
         rule 7.1 
                                                                   ----------------------------------------------------------- 
 
        Number of +securities                                       Nil 
         issued with security 
         holder approval 
   6d    under rule 7.1A 
                                                                   ----------------------------------------------------------- 
 
        Number of +securities                                       151,323,124 - 28 November 
         issued with security                                        2017 
         holder approval 
   6e    under rule 7.3, 
         or another specific 
         security holder 
         approval (specify 
         date of meeting) 
                                                                   ----------------------------------------------------------- 
 
        Number of +securities                                       Nil 
         issued under an 
         exception in rule 
   6f    7.2 
                                                                   ----------------------------------------------------------- 
 
        If +securities                                              Not applicable 
         issued under rule 
         7.1A, was issue 
   6g    price at least 
         75% of 15 day 
         VWAP as calculated 
         under rule 7.1A.3? 
         Include the +issue 
         date and both 
         values. Include 
         the source of 
         the VWAP calculation. 
                                                                   ----------------------------------------------------------- 
 
        If +securities                                              Not applicable 
         were issued under 
         rule 7.1A for 
   6h    non-cash consideration, 
         state date on 
         which valuation 
         of consideration 
         was released to 
         ASX Market Announcements 
                                                                   ----------------------------------------------------------- 
 
        Calculate the                                               Rule 7.1 - 38,129,052 
         entity's remaining                                          Rule 7.1A - 25,444,998 
         issue capacity 
   6i    under rule 7.1 
         and rule 7.1A 
         - complete Annexure 
         1 and release 
         to ASX Market 
         Announcements 
                                                                   ----------------------------------------------------------- 
 
 7        +Issue dates                                              30 November 2017 
           Note: The issue 
           date may be prescribed 
           by ASX (refer 
           to the definition 
           of issue date 
           in rule 19.12). 
           For example, the 
           issue date for 
           a pro rata entitlement 
           issue must comply 
           with the applicable 
           timetable in Appendix 
           7A. 
           Cross reference: 
           item 33 of Appendix 
           3B. 
 
                                                                    Number                          +Class 
                                                                   ------------------------------  --------------------------- 
          Number and +class 
           of all +securities 
           quoted on ASX 
           (including the 
           +securities in 
 8         section 2 if applicable)                                 254,534,420                     Ordinary shares 
                                                                   ------------------------------  --------------------------- 
                                                                    Number                            +Class 
                                                                   --------------------------------  ------------------------- 
                                                                                                      Options exercisable 
                                                                                                       at GBP0.15 each 
                                                                                                       on or before 
                                                                                                       30 June 2018 
 
                                                                                                       Options exercisable 
                                                                                                       at GBP0.25 each 
                                                                                                       on or before 
                                                                                                       30 June 2018 
 
                                                                                                       Options exercisable 
                                                                                                       at GBP0.30 each 
                                                                                                       on or before 
                                                                                                       30 June 2018 
 
                                                                                                       Options exercisable 
                                                                                                       at GBP0.40 each 
                                                                                                       on or before 
                                                                                                       30 June 2018 
 
                                                                                                       Options exercisable 
                                                                                                       at GBP0.20 each 
                                                                                                       on or before 
                                                                                                       30 June 2019 
 
                                                                                                       Performance 
                                                                                                       Share Rights 
                                                                                                       subject to various 
                                                                                                       performance 
                                                                                                       conditions to 
                                                                                                       be satisfied 
                                                                                                       prior to relevant 
                                                                                                       milestones or 
                                                                                                       expiry dates 
                                                                    3,500,000                          between 31 December 
                                                                                                       2018 and 31 
                                                                                                       December 2019 
 
                                                                     150,000                           Convertible 
                                                                                                       loan note with 
                                                                                                       a principal 
                                                                                                       amount of US$65 
                                                                     150,000                           million, convertible 
                                                                                                       into 100,880,000 
                                                                                                       ordinary shares 
                                                                                                       at a conversion 
                                                                     200,000                           price of GBP0.50 
                                                                                                       per share expiring 
                                                                                                       30 November 
                                                                                                       2021 
                                                                     3,500,000 
                                                                                                       Options exercisable 
                                                                                                       at GBP0.60 each, 
                                                                                                       vesting on conversion 
                                                                     8,610,000                         of the Convertible 
                                                                                                       Loan Note and 
                                                                                                       expiring the 
                                                                                                       earlier of 12 
                                                                                                       months after 
                                                                                                       vesting or on 
                                                                                                       30 November 
                                                                                                       2022 
                                                                     100,880,000 
                                                                                                       Options exercisable 
                                                                                                       at GBP0.75 each, 
                                                                                                       vesting on conversion 
                                                                                                       of the Convertible 
                                                                                                       Loan Note and 
                                                                                                       expiring the 
                                                                                                       earlier of 18 
                                                                     10,088,625                        months after 
                                                                                                       vesting or on 
                                                                                                       30 May 2023 
 
                                                                                                       Options exercisable 
                                                                                                       at GBP1.00 each, 
                                                                                                       vesting on conversion 
                                                                     15,132,937                        of the Convertible 
          Number and +class                                                                            Loan Note and 
           of all +securities                                                                          expiring the 
           not quoted on                                                                               earlier of 24 
           ASX (including                                                                              months after 
           the +securities                                                                             vesting or on 
           in section 2 if                                                                             30 November 
 9         applicable)                                               25,221,562                        2023. 
                                                                   --------------------------------  ------------------------- 
 
 10       Dividend policy                                           Not applicable 
           (in the case of 
           a trust, distribution 
           policy) on the 
           increased capital 
           (interests) 
                                                                   ----------------------------------------------------------- 
 
 

Part 2 -- Pro rata issue

 
 11   Is security holder          Not applicable 
       approval required? 
                                 --------------- 
 
 12   Is the issue renounceable   Not applicable 
       or non-renounceable? 
                                 --------------- 
 
 13   Ratio in which              Not applicable 
       the +securities 
       will be offered 
 
 14   +Class of +securities       Not applicable 
       to which the offer 
       relates 
                                 --------------- 
 
 15   +Record date to             Not applicable 
       determine entitlements 
                                 --------------- 
 
 16   Will holdings               Not applicable 
       on different registers 
       (or subregisters) 
       be aggregated 
       for calculating 
       entitlements? 
                                 --------------- 
 
 17   Policy for deciding         Not applicable 
       entitlements in 
       relation to fractions 
                                 --------------- 
 
 18   Names of countries          Not applicable 
       in which the entity 
       has security holders 
       who will not be 
       sent new offer 
       documents 
       Note: Security 
       holders must be 
       told how their 
       entitlements are 
       to be dealt with. 
       Cross reference: 
       rule 7.7. 
                                 --------------- 
 
 19   Closing date for            Not applicable 
       receipt of acceptances 
       or renunciations 
                                 --------------- 
 
 20   Names of any underwriters   Not applicable 
                                 --------------- 
 
 21   Amount of any               Not applicable 
       underwriting fee 
       or commission 
                                 --------------- 
 
 22   Names of any brokers        Not applicable 
       to the issue 
                                 --------------- 
 
 23   Fee or commission           Not applicable 
       payable to the 
       broker to the 
       issue 
                                 --------------- 
 
 24   Amount of any               Not applicable 
       handling fee payable 
       to brokers who 
       lodge acceptances 
       or renunciations 
       on behalf of security 
       holders 
                                 --------------- 
 
 25   If the issue is             Not applicable 
       contingent on 
       security holders' 
       approval, the 
       date of the meeting 
                                 --------------- 
 
 26   Date entitlement            Not applicable 
       and acceptance 
       form and offer 
       documents will 
       be sent to persons 
       entitled 
                                 --------------- 
 
 27   If the entity               Not applicable 
       has issued options, 
       and the terms 
       entitle option 
       holders to participate 
       on exercise, the 
       date on which 
       notices will be 
       sent to option 
       holders 
                                 --------------- 
 
 28   Date rights trading         Not applicable 
       will begin (if 
       applicable) 
                                 --------------- 
 
 29   Date rights trading         Not applicable 
       will end (if applicable) 
                                 --------------- 
 
 30   How do security             Not applicable 
       holders sell their 
       entitlements in 
       full through a 
       broker? 
                                 --------------- 
 
 31   How do security             Not applicable 
       holders sell part 
       of their entitlements 
       through a broker 
       and accept for 
       the balance? 
                                 --------------- 
 
 32   How do security             Not applicable 
       holders dispose 
       of their entitlements 
       (except by sale 
       through a broker)? 
                                 --------------- 
 
 33   +Issue date                 Not applicable 
                                 --------------- 
 

Part 3 -- Quotation of securities

You need only complete this section if you are applying for quotation of securities

 
 34    Type of +securities 
        (tick one) 
 (a)     +Securities described in Part 1 
 
 
 
 (b)     All other +securities 
          Example: restricted securities at the 
          end of the escrowed period, partly 
          paid securities that become fully paid, 
          employee incentive share securities 
          when restriction ends, securities issued 
          on expiry or conversion of convertible 
          securities 
 

Entities that have ticked box 34(a)

Additional securities forming a new class of securities

 
 Tick to indicate you 
  are providing the information 
  or documents 
 
 
 35     If the +securities are +equity securities, 
         the names of the 20 largest holders 
         of the additional +securities, and 
         the number and percentage of additional 
         +securities held by those holders 
 
 36     If the +securities are +equity securities, 
         a distribution schedule of the additional 
         +securities setting out the number 
         of holders in the categories 
         1 - 1,000 
         1,001 - 5,000 
         5,001 - 10,000 
         10,001 - 100,000 
         100,001 and over 
 
 37     A copy of any trust deed for the additional 
         +securities 
 

Entities that have ticked box 34(b)

 
 38   Number of +securities                                        Not applicable 
       for which +quotation 
       is sought 
 
 39   +Class of +securities                                        Not applicable 
       for which quotation 
       is sought 
                                                                  ----------------- 
 
 40   Do the +securities                                           Not applicable 
       rank equally in 
       all respects from 
       the +issue date 
       with an existing 
       +class of quoted 
       +securities? 
 
       If the additional 
       +securities do 
       not rank equally, 
       please state: 
        *    the date from which they do 
 
 
        *    the extent to which they participate for the next 
             dividend, (in the case of a trust, distribution) or 
             interest payment 
 
 
        *    the extent to which they do not rank equally, other 
             than in relation to the next dividend, distribution 
             or interest payment 
 
 41   Reason for request                                           Not applicable 
       for quotation 
       now 
       Example: In the 
       case of restricted 
       securities, end 
       of restriction 
       period 
 
       (if issued upon 
       conversion of 
       another +security, 
       clearly identify 
       that other +security) 
                                                                  ----------------- 
 
                                                                   Number           +Class 
                                                                  ---------------  --------- 
 42   Number and +class 
       of all +securities 
       quoted on ASX 
       (including the 
       +securities in 
       clause 38) 
                                                                  ---------------  --------- 
 
 

Quotation agreement

1 +Quotation of our additional +securities is in ASX's absolute discretion. ASX may quote the +securities on any conditions it decides.

   2          We warrant the following to ASX. 

-- The issue of the +securities to be quoted complies with the law and is not for an illegal purpose.

   --           There is no reason why those +securities should not be granted +quotation. 

-- An offer of the (+) securities for sale within 12 months after their issue will not require disclosure under section 707(3) or section 1012C(6) of the Corporations Act.

Note: An entity may need to obtain appropriate warranties from subscribers for the securities in order to be able to give this warranty

-- Section 724 or section 1016E of the Corporations Act does not apply to any applications received by us in relation to any +securities to be quoted and that no-one has any right to return any +securities to be quoted under sections 737, 738 or 1016F of the Corporations Act at the time that we request that the +securities be quoted.

-- If we are a trust, we warrant that no person has the right to return the +securities to be quoted under section 1019B of the Corporations Act at the time that we request that the +securities be quoted.

3 We will indemnify ASX to the fullest extent permitted by law in respect of any claim, action or expense arising from or connected with any breach of the warranties in this agreement.

4 We give ASX the information and documents required by this form. If any information or document is not available now, we will give it to ASX before +quotation of the +securities begins. We acknowledge that ASX is relying on the information and documents. We warrant that they are (will be) true and complete.

[lodged electronically without signature]

Sign here: ............................................................ Date: 30 November 2017

(Director/Company secretary)

   Print name:       Dylan Browne 

== == == == ==

Appendix 3B - Annexure 1

Calculation of placement capacity under rule 7.1 and rule 7.1A for eligible entities

Introduced 01/08/12 Amended 04/03/13

Part 1

 
                        Rule 7.1 - Issues exceeding 15% of capital 
------------------------------------------------------------------------------------------ 
 Step 1: Calculate "A", the base figure 
  from which the placement capacity is calculated 
------------------------------------------------------------------------------------------ 
 Insert number of fully 
  paid +ordinary securities 
  on issue 12 months 
  before the +issue 
  date or date of agreement 
  to issue                                                       236,420,404 
--------------------------------------------------------------  -------------------------- 
 Add the following: 
   *    Number of fully paid +ordinary securities issued in        17,869,572 (16 December 
        that 12 month period under an exception in rule 7.2        2016) 
                                                                   200,000 (23 December 
                                                                   2016) 
   *    Number of fully paid +ordinary securities issued in 
        that 12 month period with shareholder approval 
 
 
   *    Number of partly paid +ordinary securities that 
        became fully paid in that 12 month period 
 
 
  Note: 
   *    Include only ordinary securities here - other classes 
        of equity securities cannot be added 
 
 
   *    Include here (if applicable) the securities the 
        subject of the Appendix 3B to which this form is 
        annexed 
 
 
   *    It may be useful to set out issues of securities on 
        different dates as separate line items 
--------------------------------------------------------------  -------------------------- 
 Subtract the number                                             Nil 
  of fully paid +ordinary 
  securities cancelled 
  during that 12 month 
  period 
--------------------------------------------------------------  -------------------------- 
 "A"                                                             254,489,976 
--------------------------------------------------------------  -------------------------- 
 Step 2: Calculate 15% of "A" 
------------------------------------------------------------------------------------------ 
 "B"                                                             0.15 
                                                                  [Note: this value cannot 
                                                                  be changed] 
--------------------------------------------------------------  -------------------------- 
 Multiply "A" by 0.15                                            38,173,496 
--------------------------------------------------------------  -------------------------- 
 Step 3: Calculate "C", the amount of placement 
  capacity under rule 7.1 that has already 
  been used 
------------------------------------------------------------------------------------------ 
 Insert number of +equity 
  securities issued 
  or agreed to be issued 
  in that 12 month period                                         22,222 (26 May 2017) 
  not counting those                                              22,222 (3 November 
  issued:                                                         2017) 
   *    Under an exception in rule 7.2 
 
 
   *    Under rule 7.1A 
 
 
   *    With security holder approval under rule 7.1 or rule 
        7.4 
 
 
  Note: 
   *    This applies to equity securities, unless 
        specifically excluded - not just ordinary securities 
 
 
   *    Include here (if applicable) the securities the 
        subject of the Appendix 3B to which this form is 
        annexed 
 
 
   *    It may be useful to set out issues of securities on 
        different dates as separate line items 
--------------------------------------------------------------  -------------------------- 
 "C"                                                             44,444 
--------------------------------------------------------------  -------------------------- 
 Step 4: Subtract "C" from ["A" x "B"] to 
  calculate remaining placement capacity 
  under rule 7.1 
------------------------------------------------------------------------------------------ 
 "A" x 0.15 
  Note: number must 
  be same as shown in 
  Step 2                                                         38,173,496 
--------------------------------------------------------------  -------------------------- 
 Subtract "C" 
  Note: number must 
  be same as shown in 
  Step 3                                                         44,444 
--------------------------------------------------------------  -------------------------- 
 Total ["A" x 0.15]                                              38,129,052 
  - "C"                                                           [Note: this is the 
                                                                  remaining placement 
                                                                  capacity under rule 
                                                                  7.1] 
--------------------------------------------------------------  -------------------------- 
 

Part 2

 
                          Rule 7.1A - Additional placement capacity 
                                     for eligible entities 
--------------------------------------------------------------------------------------------- 
 Step 1: Calculate "A", the base figure 
  from which the placement capacity is calculated 
--------------------------------------------------------------------------------------------- 
 "A" 
  Note: number must 
  be same as shown in 
  Step 1 of Part 1                                               254,449,976 
--------------------------------------------------------------  ----------------------------- 
 Step 2: Calculate 10% of "A" 
--------------------------------------------------------------------------------------------- 
 "D"                                                             0.10 
                                                                  Note: this value cannot 
                                                                  be changed 
--------------------------------------------------------------  ----------------------------- 
 Multiply "A" by 0.10                                            25,444,998 
--------------------------------------------------------------  ----------------------------- 
 Step 3: Calculate "E", the amount of placement 
  capacity under rule 7.1A that has already 
  been used 
--------------------------------------------------------------------------------------------- 
 Insert number of +equity                                        Nil 
  securities issued 
  or agreed to be issued 
  in that 12 month period 
  under rule 7.1A 
  Notes: 
   *    This applies to equity securities - not just ordinary 
        securities 
 
 
   *    Include here - if applicable - the securities the 
        subject of the Appendix 3B to which this form is 
        annexed 
 
 
   *    Do not include equity securities issued under rule 
        7.1 (they must be dealt with in Part 1), or for which 
        specific security holder approval has been obtained 
 
 
   *    It may be useful to set out issues of securities on 
        different dates as separate line items 
--------------------------------------------------------------  ----------------------------- 
 "E"                                                             Nil 
--------------------------------------------------------------  ----------------------------- 
 Step 4: Subtract "E" from ["A" x "D"] to 
  calculate remaining placement capacity 
  under rule 7.1A 
--------------------------------------------------------------------------------------------- 
 "A" x 0.10 
  Note: number must be 
  same as shown in Step 
  2                                                              25,444,998 
--------------------------------------------------------------  ----------------------------- 
 Subtract "E"                                                    Nil 
  Note: number must be 
  same as shown in Step 
  3 
--------------------------------------------------------------  ----------------------------- 
 Total ["A" x 0.10]                                              25,444,998 
  - "E"                                                           Note: this is the remaining 
                                                                  placement capacity 
                                                                  under rule 7.1A 
--------------------------------------------------------------  ----------------------------- 
 
 

This information is provided by RNS

The company news service from the London Stock Exchange

END

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