We could not find any results for:
Make sure your spelling is correct or try broadening your search.
Register for streaming realtime charts, analysis tools, and prices.
| Share Name | Share Symbol | Market | Type | Share ISIN | Share Description |
|---|---|---|---|---|---|
| Danakali Limited | LSE:DNK | London | Ordinary Share | AU000000DNK9 | ORDS NPV |
| Price Change | % Change | Share Price | Bid Price | Offer Price | High Price | Low Price | Open Price | Shares Traded | Last Trade | |
|---|---|---|---|---|---|---|---|---|---|---|
| 0.00 | 0.00% | 20.00 | 19.00 | 21.00 | 0.00 | 01:00:00 |
| Industry Sector | Turnover | Profit | EPS - Basic | PE Ratio | Market Cap |
|---|---|---|---|---|---|
| 0 | 0 | N/A | 0 |
TIDMDNK
RNS Number : 3243W
Danakali Limited
10 December 2019
Announcement Tuesday, 10 December 2019 ============= ==========================
Issue of shares
Danakali Limited (ASX: DNK / LSE: DNK) (Danakali, or the Company) advises the issue of 52,958,908 new fully paid shares (Shares) following receipt of the Tranche 1 subscription funds of US$21.6M (A$31.8M) from Africa Finance Corporation (AFC) as announced today.
Of the 52,958,908 Shares issued:
-- 26,364,563 were issued under Listing Rule 7.1; and -- 26,594,345 were issued under Listing Rule 7.1A (7.1A Placement Shares).
A completed Appendix 3B was lodged on 3 December 2019. A completed Appendix 2A has been lodged together with this announcement.
Total voting rights
The Company advises that it has, conditional on admission, allotted and issued 52,958,908 new fully paid ordinary shares of no par value in the Company (Ordinary Shares).
Application has been made to the UK Listing Authority for the admission of those 52,958,908 new Ordinary Shares to the Official List of the UK Listing Authority and to trading on the London Stock Exchange's Main Market for listed securities and it is expected that dealings will commence on 16 December 2019. The new Ordinary Shares will rank pari passu in all respects with the existing Ordinary Shares in issue.
Following admission, the Company will have in issue a total of 318,546,306 Ordinary Shares. The Company does not hold any Ordinary Shares in treasury.
Therefore, the total number of voting rights in the Company is 318,546,306 which may be used by shareholders or other persons as the denominator for the calculations by which they will determine if they are required to notify their interest in, or a change to their interest in, the Company under the FCA's Disclosure Guidance and Transparency Rules.
Announcement authorised for release by Niels Wage as Chief Executive Officer of Danakali.
For more information, please contact:
Hot Features
Premium
Danakali
Niels Wage William Sandover
Chief Executive Officer Head of Corporate Development &
+61 8 6189 8635 External Affairs
+61 499 776 998
Corporate Broker - Numis Securities UK IR/PR - Instinctif Partners
John Prior / Matthew Hasson / James Mark Garraway / Sarah Hourahane
Black / / Dinara Shikhametova
Paul Gillam danakali@instinctif.com
+44 (0)20 7260 1000 +44 (0)207 457 2020
About Danakali
Danakali Limited (ASX: DNK, LSE: DNK) (Danakali, or the Company) is an ASX- and LSE-listed potash company focused on the development of the Colluli Sulphate of Potash Project (Colluli or the Project). The Project is 100% owned by the Colluli Mining Share Company (CMSC), a 50:50 joint venture between Danakali and the Eritrean National Mining Corporation (ENAMCO).
The Project is located in the Danakil Depression region of Eritrea, East Africa, and is 75km from the Red Sea coast, making it one of the most accessible potash deposits globally. Mineralisation within the Colluli resource commences at just 16m, making it the world's shallowest potash deposit. The resource is amenable to open pit mining, which allows higher overall resource recovery to be achieved, is generally safer than underground mining, and is highly advantageous for modular growth.
The Company has completed a Front End Engineering Design (FEED) for the production of potassium sulphate, otherwise known as Sulphate of Potash or SOP. SOP is a chloride free, specialty fertiliser which carries a substantial price premium relative to the more common potash type; potassium chloride (or MOP). Economic resources for production of SOP are geologically scarce. The unique composition of the Colluli resource favours low energy input, high potassium yield conversion to SOP using commercially proven technology. One of the key advantages of the resource is that the salts are present in solid form (in contrast with production of SOP from brines) which reduces infrastructure costs and substantially reduces the time required to achieve full production capacity.
The resource is favourably positioned to supply the world's fastest growing markets. A binding take-or-pay offtake agreement has
been confirmed with EuroChem Trading GmbH (EuroChem) for up to 100% (minimum 87%) of Colluli Module I SOP production.
Development Finance Institutions, Africa Finance Corporation (AFC) and African Export Import Bank (Afreximbank, together the
Mandated Lead Arrangers), have obtained formal credit approval to provide CMSC with US$200M in senior debt finance. AFC has
also executed a Subscription Agreement to make a US$50M strategic equity investment in Danakali.
The Company's vision is to bring Colluli into production using the principles of risk management, resource utilisation and
modularity, using the starting module (Module I) as a growth platform to develop the resource to its full potential.
Competent Persons Statement (Sulphate of Potash and Kieserite Mineral Resource)
Colluli has a JORC-2012 compliant Measured, Indicated and Inferred Mineral Resource estimate of 1,289Mt @11% K(2) 0 Equiv. and 7% Kieserite. The Mineral Resource contains 303Mt @ 11% K(2) 0 Equiv. and 6% Kieserite of Measured Resource, 951Mt @ 11% K(2) 0 Equiv. and 7% Kieserite of Indicated Resource and 35Mt @ 10% K(2) 0 Equiv. and 9% Kieserite of Inferred Resource.
The information relating to the Colluli Mineral Resource estimate is extracted from the report entitled "Colluli Review Delivers Mineral Resource Estimate of 1.289Bt" disclosed on 25 February 2015 and the report entitled "In excess of 85 million tonnes of Kieserite defined within Colluli Project Resource adds to multi agri-commodity potential" disclosed on 15 August 2016, which are available to view at www.danakali.com.au. The Company confirms that it is not aware of any new information or data that materially affects the information included in the original market announcement and, in the case of estimates of Mineral Resources or Ore Reserves, that all material assumptions and technical parameters underpinning the estimates in the relevant market announcement continue to apply and have not materially changed. The Company confirms that the form and context in which the Competent Person's findings are presented have not been materially modified from the original market announcement.
Competent Persons Statement (Sulphate of Potash Ore Reserve)
Colluli Proved and Probable Ore Reserve is reported according to the JORC Code and estimated at 1,100Mt @ 10.5% K(2) O Equiv. The Ore Reserve is classified as 285Mt @ 11.3% K(2) O Equiv. Proved and 815Mt @ 10.3% K(2) O Equiv. Probable. The Colluli SOP Mineral Resource includes those Mineral Resources modified to produce the Colluli SOP Ore Reserves.
The information relating to the January 2018 Colluli Ore Reserve is extracted from the report entitled "Colluli Ore Reserve update" disclosed on 19 February 2018 and is available to view at www.danakali.com.au. The Company confirms that it is not aware of any new information or data that materially affects the information included in the original market announcement and, in the case of estimates of Mineral Resources or Ore Reserves, that all material assumptions and technical parameters underpinning the estimates in the relevant market announcement continue to apply and have not materially changed. The Company confirms that the form and context in which the Competent Person's findings are presented have not been materially modified from the original market announcement.
Competent Persons Statement (Rock Salt Mineral Resource)
Colluli has a JORC-2012 compliant Measured, Indicated and Inferred Mineral Resource estimate of 347Mt @ 96.9% NaCl. The Mineral Resource estimate contains 28Mt @ 97.2% NaCl of Measured Resource, 180Mt @ 96.6% NaCl of Indicated Resource and 139Mt @ 97.2% NaCl of Inferred Resource.
The information relating to the Colluli Rock Salt Mineral Resource estimate is extracted from the report entitled "+300M Tonne Rock Salt Mineral Resource Estimate Completed for Colluli" disclosed on 23 September 2015 and is available to view at www.danakali.com.au. The Company confirms that it is not aware of any new information or data that materially affects the information included in the original market announcement and, in the case of estimates of Mineral Resources or Ore Reserves, that all material assumptions and technical parameters underpinning the estimates in the relevant market announcement continue to apply and have not materially changed. The Company confirms that the form and context in which the Competent Person's findings are presented have not been materially modified from the original market announcement.
AMC Consultants Pty Ltd (AMC) independence
In reporting the Mineral Resources and Ore Reserves referred to in this public release, AMC acted as an independent party, has no interest in the outcomes of Colluli and has no business relationship with Danakali other than undertaking those individual technical consulting assignments as engaged, and being paid according to standard per diem rates with reimbursement for out-of-pocket expenses. Therefore, AMC and the Competent Persons believe that there is no conflict of interest in undertaking the assignments which are the subject of the statements.
Quality control and quality assurance
Danakali exploration programs follow standard operating and quality assurance procedures to ensure that all sampling techniques and sample results meet international reporting standards. Drill holes are located using GPS coordinates using WGS84 Datum, all mineralisation intervals are downhole and are true width intervals.
The samples are derived from HQ diamond drill core, which in the case of carnallite ores, are sealed in heat-sealed plastic tubing immediately as it is drilled to preserve the sample. Significant sample intervals are dry quarter cut using a diamond saw and then resealed and double bagged for transport to the laboratory.
Halite blanks and duplicate samples are submitted with each hole. Chemical analyses were conducted by Kali-Umwelttechnik GmBH, Sondershausen, Germany, utilising flame emission spectrometry, atomic absorption spectroscopy and ion chromatography. Kali-Umwelttechnik (KUTEC) has extensive experience in analysis of salt rock and brine samples and is certified according by DIN EN ISO/IEC 17025 by the Deutsche Akkreditierungsstelle GmbH (DAR). The laboratory follows standard procedures for the analysis of potash salt rocks chemical analysis (K(+) , Na(+) , Mg(2+) , Ca(2+) , Cl(-) , SO(4) (2-) , H(2) O) and X-ray diffraction (XRD) analysis of the same samples as for chemical analysis to determine a qualitative mineral composition, which combined with the chemical analysis gives a quantitative mineral composition.
Forward looking statements and disclaimer
The information in this document is published to inform you about Danakali and its activities. Danakali has endeavoured to ensure that the information enclosed is accurate at the time of release, and that it accurately reflects the Company's intentions. All statements in this document, other than statements of historical facts, that address future production, project development, reserve or resource potential, exploration drilling, exploitation activities, corporate transactions and events or developments that the Company expects to occur, are forward looking statements. Although the Company believes the expectations expressed in such statements are based on reasonable assumptions, such statements are not guarantees of future performance and actual results or developments may differ materially from those in forward-looking statements.
Factors that could cause actual results to differ materially from those in forward-looking statements include market prices of potash and, exploitation and exploration successes, capital and operating costs, changes in project parameters as plans continue to be evaluated, continued availability of capital and financing and general economic, market or business conditions, as well as those factors disclosed in the Company's filed documents.
There can be no assurance that the development of Colluli will proceed as planned. Accordingly, readers should not place undue reliance on forward looking information. Mineral Resources and Ore Reserves have been reported according to the JORC Code, 2012 Edition. To the extent permitted by law, the Company accepts no responsibility or liability for any losses or damages of any kind arising out of the use of any information contained in this document. Recipients should make their own enquiries in relation to any investment decisions.
Mineral Resource, Ore Reserve, production target, forecast financial information and financial assumptions made in this announcement are consistent with assumptions detailed in the Company's ASX announcements dated 25 February 2015, 23 September 2015, 15 August 2016, 1 February 2017, 29 January 2018, and 19 February 2018 which continue to apply and have not materially changed. The Company is not aware of any new information or data that materially affects assumptions made.
No representation or warranty, express or implied, is or will be made by or on behalf of the Company, and no responsibility or liability is or will be accepted by the Company or its affiliates, as to the accuracy, completeness or verification of the information set out in this announcement, and nothing contained in this announcement is, or shall be relied upon as, a promise or representation in this respect, whether as to the past or the future. The Company and each of its affiliates accordingly disclaims, to the fullest extent permitted by law, all and any liability whether arising in tort, contract or otherwise which it might otherwise have in respect of this announcement or any such statement.
The distribution of this announcement outside the United Kingdom may be restricted by law and therefore any persons outside the United Kingdom into whose possession this announcement comes should inform themselves about and observe any such restrictions in connection with the distribution of this announcement. Any failure to comply with such restrictions may constitute a violation of the securities laws of any jurisdiction outside the United Kingdom.
Appendix 2A
Application for quotation of +securities
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.
If you are an entity incorporated outside Australia and you are seeking quotation of a new class of +securities other than CDIs, you will need to obtain and provide an International Securities Identification Number (ISIN) for that class. Further information on the requirement for the notification of an ISIN is available from the Create Online Forms page. ASX is unable to create the new ISIN for non-Australian issuers.
*Denotes minimum information required for first lodgement of this form, with exceptions provided in specific notes for certain questions. The balance of the information, where applicable, must be provided as soon as reasonably practicable by the entity.
Part 1 - Entity and announcement details
Question Question Answer
no
1.1 *Name of entity Danakali Ltd
We (the entity here named)
apply for +quotation of the
following +securities and
agree to the matters set
out in Appendix 2A of the
ASX Listing Rules.([1])
-------------------------------------- ------------------------------
1.2 *Registration type and number ABN 56 097 904 302
Please supply your ABN, ARSN,
ARBN, ACN or another registration
type and number (if you supply
another registration type,
please specify both the type
of registration and the registration
number).
-------------------------------------- ------------------------------
1.3 *ASX issuer code DNK
-------------------------------------- ------------------------------
1.4 *This announcement is A new announcement
Tick whichever is applicable. An update/amendment to a
previous announcement
A cancellation of a previous
announcement
-------------------------------------- ------------------------------
1.4a *Reason for update N/A
Mandatory only if "Update"
ticked in Q1.4 above. A reason
must be provided for an update.
-------------------------------------- ------------------------------
1.4b *Date of previous announcement N/A
to this update
Mandatory only if "Update"
ticked in Q1.4 above.
-------------------------------------- ------------------------------
1.4c *Reason for cancellation N/A
Mandatory only if "Cancellation"
ticked in Q1.4 above.
-------------------------------------- ------------------------------
1.4d *Date of previous announcement N/A
to this cancellation
Mandatory only if "Cancellation"
ticked in Q1.4 above.
-------------------------------------- ------------------------------
1.5 *Date of this announcement 10 December 2019
-------------------------------------- ------------------------------
Part 2 - Type of issue
Question Question Answer
No.
2.1 *The +securities to be quoted Being issued as part of
are: a transaction or transactions
Select whichever item is applicable. previously announced to the
If you wish to apply for quotation market in an Appendix 3B
of different types of issues Being issued under a +dividend
of securities, please complete or distribution plan
a separate Appendix 2A for Being issued as a result
each type of issue. of options being exercised
or other +convertible securities
being converted
Unquoted partly paid +securities
that have been paid up and
are now quoted fully paid
+securities
Restricted securities where
the escrow period has expired
or is about to expire
+Securities previously issued
under an +employee incentive
scheme where the restrictions
on transfer have ceased or
are about to cease
+Securities issued under
an +employee incentive scheme
that are not subject to a
restriction on transfer or
that are to be quoted notwithstanding
there is a restriction on
transfer
Other
------------------------------------------ ---------------------------------------
2.2a.1 *Date of Appendix 3B notifying 3 December 2019
the market of the proposed
issue of securities for which
quotation is now being sought
Answer this question if your
response to Q2.1 is "Being
issued as part of a transaction
or transactions previously
announced to the market in
an Appendix 3B"
------------------------------------------ ---------------------------------------
2.2a.2 *Are there any further issues Yes
of +securities yet to take
place to complete the transaction(s)
referred to in the Appendix
3B?
Answer this question if your
response to Q2.1 is "Being
issued as part of a transaction
or transactions previously
announced to the market in
an Appendix 3B".
------------------------------------------ ---------------------------------------
2.2a.2.1 *Please provide details of 70,042,323 shares (being
the further issues of +securities the Tranche 2 shares) are
yet to take place to complete subject to shareholder approval
the transaction(s) referred and conditions as set out
to in the Appendix 3B in the ASX Announcement dated
Answer this question if your 3 December 2019. This issue
response to Q2.1 is "Being is expected to occur early
issued as part of a transaction March 2020.
or transactions previously
announced to the market in
an Appendix 3B" and your response
to Q2.2a.2 is "Yes".
Please provide details of
the proposed dates and number
of securities for the further
issues. This may be the case,
for example, if the Appendix
3B related to an accelerated
pro rata offer with an institutional
component being quoted on
one date and a retail component
being quoted on a later date.
------------------------------------------ ---------------------------------------
2.2b.1 *Date of Appendix 3A.1 lodged N/A
with ASX in relation to the
underlying +dividend or distribution
Answer this question if your
response to Q2.1 is "Being
issued under a dividend or
distribution plan".
------------------------------------------ ---------------------------------------
2.2b.2 *Does the +dividend or distribution N/A
plan meet the requirement
of listing rule 7.2 exception
4 that it does not impose
a limit on participation?
Answer this question if your
response to Q2.1 is "Being
issued under a dividend or
distribution plan".
Note: Exception 4 only applies
where security holders are
able to elect to receive all
of their dividend or distribution
as securities. For example,
Exception 4 would not apply
in the following circumstances:
1) The entity has specified
a dollar limit on the level
of participation e.g. security
holders can only participate
to a maximum value of $x in
respect of their entitlement.
2) The entity has specified
a maximum number of securities
that can participate in the
plan e.g. security holders
can only receive securities
in lieu of dividend payable
for x number of securities.
------------------------------------------ ---------------------------------------
2.2c.1 Please state the number and N/A
type of options that were
exercised or other +convertible
securities that were converted
(including their ASX security
code)
Answer this question if your
response to Q2.1 is "Being
issued as a result of options
being exercised or other convertible
securities being converted".
------------------------------------------ ---------------------------------------
2.2c.2 And the date the options were N/A
exercised or other +convertible
securities were converted
Answer this question if your
response to Q2.1 is "Being
issued as a result of options
being exercised or other convertible
securities being converted".
Note: If this occurred over
a range of dates, enter the
date the last of the options
was exercised or convertible
securities was converted.
------------------------------------------ ---------------------------------------
2.2d.1 Please state the number and N/A
type of partly paid +securities
(including their ASX security
code) that were fully paid
up
Answer this question if your
response to Q2.1 is "Unquoted
partly paid securities that
have been paid up and are
now quoted fully paid securities".
------------------------------------------ ---------------------------------------
2.2d.2 And the date the +securities N/A
were fully paid up
Answer this question if your
response to Q2.1 is "Unquoted
partly paid securities that
have been paid up and are
now quoted fully paid securities".
Note: If this occurred over
a range of dates, enter the
date the last of the securities
was fully paid up.
------------------------------------------ ---------------------------------------
2.2e.1 Please state the number and N/A
type of +restricted securities
(including their ASX security
code) where the escrow period
has expired or is about to
expire
Answer this question if your
response to Q2.1 is "Restricted
securities where the escrow
period has expired or is about
to expire".
------------------------------------------ ---------------------------------------
2.2e.2 And the date the escrow restrictions N/A
have ceased or will cease
Answer this question if your
response to Q2.1 is "Restricted
securities where the escrow
period has expired or is about
to expire".
Note: If this occurred over
a range of dates, enter the
date the last of the escrow
restrictions has ceased or
will cease.
------------------------------------------ ---------------------------------------
2.2f.1 Please state the number and N/A
type of +securities (including
their ASX security code) previously
issued under the +employee
incentive scheme where the
restrictions on transfer have
ceased or are about to cease
Answer this question if your
response to Q2.1 is "Securities
previously issued under an
employee incentive scheme
where the restrictions on
transfer have ceased or are
about to cease".
------------------------------------------ ---------------------------------------
2.2f.2 And the date the restrictions N/A
on transfer have ceased or
will cease:
Answer this question if your
response to Q2.1 is "Securities
previously issued under an
employee incentive scheme
where the restrictions on
transfer have ceased or are
about to cease".
Note: If this occurred over
a range of dates, enter the
date the last of the restrictions
on transfer has ceased or
will cease.
------------------------------------------ ---------------------------------------
2.2g.1 Please state the number and N/A
type of +securities (including
their ASX security code) issued
under an +employee incentive
scheme that are not subject
to a restriction on transfer
or that are to be quoted notwithstanding
there is a restriction on
transfer
Answer this question if your
response to Q2.1 is "Securities
issued under an employee incentive
scheme that are not subject
to a restriction on transfer
or that are to be quoted notwithstanding
there is a restriction on
transfer".
------------------------------------------ ---------------------------------------
2.2g.2 *Please attach a document N/A
or provide details of a URL
link for a document lodged
with ASX detailing the terms
of the +employee incentive
scheme or a summary of the
terms.
Answer this question if your
response to Q2.1 is "Securities
issued under an employee incentive
scheme that are not subject
to a restriction on transfer
or that are to be quoted notwithstanding
there is a restriction on
transfer".
------------------------------------------ ---------------------------------------
2.2g.3 *Are any of these +securities N/A
being issued to +key management
personnel (KMP) or an +associate
Answer this question if your
response to Q2.1 is "Securities
issued under an employee incentive
scheme that are not subject
to a restriction on transfer
or that are to be quoted notwithstanding
there is a restriction on
transfer".
------------------------------------------ ---------------------------------------
2.2g.3.a *Provide details of the recipients and the number of
+securities issued to each of them.
Answer this question if your response to Q2.1 is "Securities
issued under an employee incentive scheme that are not
subject to a restriction on transfer or that are to be
quoted notwithstanding there is a restriction on transfer"
and your response to Q2.2g.3 is "Yes". Repeat the detail
in the table below for each KMP involved in the issue.
If the securities are being issued to the KMP, repeat
the name of the KMP or insert "Same" in "Name of registered
holder". If the securities are being issued to an associate
of a KMP, insert the name of the associate in "Name of
registered holder".
Name of KMP Name of registered Number of +securities
holder
N/A
------------------- ----------------------
-----------------------------------------------------------------------------------
2.2h.1 *The purpose(s) for which to raise additional working
the entity is issuing the capital
securities is: to fund the retirement of
Answer this question if your debt
response to Q2.1 is "Other". to pay for the acquisition
You may select one or more of an asset [provide details
of the items in the list. below]
to pay for services rendered
[provide details below]
other [provide details below]
Additional details:
------------------------------------------ ---------------------------------------
2.2h.2 *Please provide any further N/A
information needed to understand
the circumstances in which
you are applying to have these
+securities quoted on ASX,
including why the issue of
the +securities has not been
previously announced to the
market in an Appendix 3B
Answer this question if your
response to Q2.1 is "Other".
------------------------------------------ ---------------------------------------
2.2i *Are these +securities being No
offered under a +disclosure
document or +PDS?
Answer this question if your
response to Q2.1 is any option
other than "Being issued as
part of a transaction or transactions
previously announced to the
market in an Appendix 3B".
------------------------------------------ ---------------------------------------
2.2i.1 *Date of +disclosure document N/A
or +PDS?
Answer this question if your
response to Q2.1 is any option
other than "Being issued as
part of a transaction or transactions
previously announced to the
market in an Appendix 3B"
and your response to Q2.2i
is "Yes".
Under the Corporations Act,
the entity must apply for
quotation of the securities
within 7 days of the date
of the disclosure document
or PDS.
------------------------------------------ ---------------------------------------
2.3 *The +securities to be quoted Additional +securities in
are: a class that is already quoted
Tick whichever is applicable on ASX ("existing class")
New +securities in a class
that is not yet quoted on
ASX ("new class")
------------------------------------------ ---------------------------------------
Part 3A - number and type of +securities to be quoted (existing class or new class) where issue has previously been notified to ASX in an Appendix 3B
Answer the questions in this Part if your response to Q2.1 is "Being issued as part of a transaction or transactions previously announced to the market in an Appendix 3B" and your response to Q2.3 is "existing class" or "new class".
Question Question Answer
No.
3A.1 *ASX +security code & description DNK Ordinary Shares
---------------------------------- --------------------
*Number of +securities to
3A.2 be quoted 52,958,908
---------------------------------- --------------------
Part 3B - number and type of +securities to be quoted (existing class) where issue has not previously been notified to ASX in an Appendix 3B
Answer the questions in this Part if your response to Q2.1 is anything other than "Being issued as part of a transaction or transactions previously announced to the market in an Appendix 3B" and your response to Q2.3 is "existing class".
Question Question Answer
No.
3B.1 *ASX +security code & description N/A
--------------------------------------------------------- -------
3B.2 *Number of +securities to N/A
be quoted
--------------------------------------------------------- -------
3B.3a *Will the +securities to be N/A
quoted rank equally in all
respects from their issue
date with the existing issued
+securities in that class?
--------------------------------------------------------- -------
3B.3b *Is the actual date from which N/A
the +securities will rank
equally (non-ranking end date)
known?
Answer this question if your
response to Q3B.3a is "No".
--------------------------------------------------------- -------
3B.3c *Provide the actual non-ranking N/A
end date
Answer this question if your
response to Q3B.3a is "No"
and your response to Q3B.3b
is "Yes".
--------------------------------------------------------- -------
3B.3d *Provide the estimated non-ranking N/A
end period
Answer this question if your
response to Q3B.3a is "No"
and your response to Q3B.3b
is "No".
--------------------------------------------------------- -------
3B.3e *Please state the extent to N/A
which the +securities do not
rank equally:
* in relation to the next dividend, distribution or
interest payment; or
* for any other reason
Answer this question if your
response to Q3B.3a is "No".
For example, the securities
may not rank at all, or on
a pro rata basis for the next
dividend, distribution or
interest payment; or the securities
may not rank at all or on
a pro rata basis or be entitled
to participate in some other
event, such as an entitlement
issue.
--------------------------------------------------------- -------
Part 3C - number and type of +securities to be quoted (new class) where issue has not previously been notified to ASX in an Appendix 3B
Answer the questions in this Part if your response to Q2.1 is anything other than "Being issued as part of a transaction or transactions previously announced to the market in an Appendix 3B" and your response to Q2.3 is "new class".
Question Question Answer
No.
3C.1 *Security description N/A
-------------------------------------------------------------- ------------------------------------
3C.2 *Security type Ordinary fully or partly
Select one item from the list paid shares/units
Please select the most appropriate Options
security type from the list. +Convertible debt securities
This will determine more detailed Non-convertible +debt securities
questions to be asked about Redeemable preference shares/units
the security later in this Other
section. Select "ordinary
fully or partly paid shares/units"
for stapled securities or
CDIs. For interest rate securities,
please select the appropriate
choice from either "Convertible
debt securities" or "Non-convertible
debt securities". Select "Other"
for performance shares/units
and performance options/rights
or if the selections available
in the list do not appropriately
describe the security being
issued.
-------------------------------------------------------------- ------------------------------------
3C.3 ISIN code N/A
Answer this question if you
are an entity incorporated
outside Australia and you
are seeking quotation of a
new class of securities other
than CDIs. See also the note
at the top of this form.
-------------------------------------------------------------- ------------------------------------
3C.4 *Number of +securities to N/A
be quoted
-------------------------------------------------------------- ------------------------------------
3C.5a *Will all the +securities N/A
issued in this class rank
equally in all respects from
the issue date?
-------------------------------------------------------------- ------------------------------------
3C.5b *Is the actual date from which N/A
the +securities will rank
equally (non-ranking end date)
known?
Answer this question if your
response to Q3C.5a is "No".
-------------------------------------------------------------- ------------------------------------
3C.5c *Provide the actual non-ranking N/A
end date
Answer this question if your
response to Q3C.5a is "No"
and your response to Q3C.5b
is "Yes".
-------------------------------------------------------------- ------------------------------------
3C.5d *Provide the estimated non-ranking N/A
end period
Answer this question if your
response to Q3C.5a is "No"
and your response to Q3C.5b
is "No".
-------------------------------------------------------------- ------------------------------------
3C.5e *Please state the extent to N/A
which the +securities do not
rank equally:
* in relation to the next dividend, distribution or
interest payment; or
* for any other reason
Answer this question if your
response to Q3C.5a is "No".
For example, the securities
may not rank at all, or on
a pro rata basis for the next
dividend, distribution or
interest payment; or the +securities
may not rank at all or on
a pro rata basis or be entitled
to participate in some other
event, such as an entitlement
issue.
-------------------------------------------------------------- ------------------------------------
3C.6 Please attach a document or N/A
provide a URL link for a document
lodged with ASX setting out
the material terms of the
+securities to be quoted
You may cross-reference a
disclosure document, PDS,
information memorandum, investor
presentation or other announcement
with this information provided
it has been released to the
ASX Market Announcements Platform.
-------------------------------------------------------------- ------------------------------------
3C.7 *Have you received confirmation N/A
from ASX that the terms of
the +securities are appropriate
and equitable under listing
rule 6.1?
Answer this question only
if you are an ASX Listing.
(ASX Foreign Exempt Listings
and ASX Debt Listings do not
have to answer this question).
If your response is "No" and
the securities have any unusual
terms, you should approach
ASX as soon as possible for
confirmation under listing
rule 6.1 that the terms are
appropriate and equitable.
-------------------------------------------------------------- ------------------------------------
3C.8 *Provide a distribution schedule for the new +securities
according to the categories set out in the left hand
column - including the number of recipients and the total
percentage of the new +securities held by the recipients
in each category. Number of +securities Number of holders Total percentage
held of +securities held
1 - 1,000
------------------ ---------------------
1,001 - 5,000
------------------ ---------------------
5,001 - 10,000
------------------ ---------------------
10,001 - 100,000
------------------ ---------------------
100,001 and over
------------------ ---------------------
Answer this question only if you are an ASX Listing (ASX
Foreign Exempt Listings and ASX Debt Listings do not
have to answer this question) and the securities to be
quoted have already been issued.
Note: if the securities to be quoted have not yet been
issued, under listing rule 3.10.5, you will need to provide
to ASX a list of the 20 largest recipients of the new
+securities, and the number and percentage of the new
+securities received by each of those recipients, and
a distribution schedule for the securities when they
are issued.
----------------------------------------------------------------------------------------------------
3C.9a Ordinary fully or partly paid shares/units details
Answer the questions in this section if you selected
this security type in your response to Question 3C.2.
----------------------------------------------------------------------------------------------------
*+Security currency N/A
This is the currency in which
the face amount of an issue
is denominated. It will also
typically be the currency
in which distributions are
declared.
------------------------------------------------------------ --------------------------------------
*Will there be CDIs issued N/A
over the +securities?
------------------------------------------------------------ --------------------------------------
*CDI ratio N/A
Answer this question if you
answered "Yes" to the previous
question. This is the ratio
at which CDIs can be transmuted
into the underlying security
(e.g. 4:1 means 4 CDIs represent
1 underlying security whereas
1:4 means 1 CDI represents
4 underlying securities).
------------------------------------------------------------ --------------------------------------
*Is it a partly paid class N/A
of +security?
------------------------------------------------------------ --------------------------------------
*Paid up amount: unpaid amount N/A
Answer this question if answered
"Yes" to the previous question.
The paid up amount represents
the amount of application
money and/or calls which
have been paid on any security
considered 'partly paid'
The unpaid amount represents
the unpaid or yet to be called
amount on any security considered
'partly paid'.
The amounts should be provided
per the security currency
(e.g. if the security currency
is AUD, then the paid up
and unpaid amount per security
in AUD).
------------------------------------------------------------ --------------------------------------
*Is it a stapled +security? N/A
This is a security class
that comprises a number of
ordinary shares and/or ordinary
units issued by separate
entities that are stapled
together for the purposes
of trading.
------------------------------------------------------------ --------------------------------------
3C.9b Option details
Answer the questions in this section if you selected
this security type in your response to Question 3C.2.
----------------------------------------------------------------------------------------------------
*+Security currency N/A
This is the currency in which
the exercise price is payable.
------------------------------------------------------------ --------------------------------------
*Exercise price N/A
The price at which each option
can be exercised and convert
into the underlying security.
The exercise price should
be provided per the security
currency (i.e. if the security
currency is AUD, the exercise
price should be expressed
in AUD).
------------------------------------------------------------ --------------------------------------
*Expiry date N/A
The date on which the options
expire or terminate.
------------------------------------------------------------ --------------------------------------
*Details of the number and N/A
type of +security (including
its ASX +security code if
the +security is quoted on
ASX) that will be issued
if an option is exercised
For example, if the option
can be exercised to receive
one fully paid ordinary share
with ASX security code ABC,
please insert "One fully
paid ordinary share (ASX:ABC)".
------------------------------------------------------------ --------------------------------------
3C.9c Details of non-convertible +debt securities, +convertible
debt securities, or redeemable preference shares/units
Answer the questions in this section if you selected
one of these security types in your response to Question
3C.2.
Refer to Guidance Note 34 and the "Guide to the Naming
Conventions and Security Descriptions for ASX Quoted
Debt and Hybrid Securities" for further information on
certain terms used in this section
----------------------------------------------------------------------------------------------------
*Type of +security Simple corporate bond
Select one item from the Non-convertible note or bond
list Convertible note or bond
Preference share/unit
Capital note
Hybrid security
Other
------------------------------------------------------------ --------------------------------------
*+Security currency N/A
This is the currency in which
the face value of the security
is denominated. It will also
typically be the currency
in which interest or distributions
are paid.
------------------------------------------------------------ --------------------------------------
Face value N/A
This is the principal amount
of each security.
The face value should be
provided per the security
currency (i.e. if security
currency is AUD, then the
face value per security in
AUD).
------------------------------------------------------------ --------------------------------------
*Interest rate type Fixed rate
Select one item from the Floating rate
list Indexed rate
Select the appropriate interest Variable rate
rate type per the terms of Zero coupon/no interest
the security. Definitions Other
for each type are provided
in the Guide to the Naming
Conventions and Security
Descriptions for ASX Quoted
Debt and Hybrid Securities
------------------------------------------------------------ --------------------------------------
Frequency of coupon/interest Monthly
payments per year Quarterly
Select one item from the Semi-annual
list. Annual
No coupon/interest payments
Other
------------------------------------------------------------ --------------------------------------
First interest payment date N/A
A response is not required
if you have selected "No
coupon/interest payments"
in response to the question
above on the frequency of
coupon/interest payments
------------------------------------------------------------ --------------------------------------
Interest rate per annum N/A
Answer this question if the
interest rate type is fixed.
------------------------------------------------------------ --------------------------------------
*Is the interest rate per N/A
annum estimated at this time?
Answer this question if the
interest rate type is fixed.
------------------------------------------------------------ --------------------------------------
If the interest rate per N/A
annum is estimated, then
what is the date for this
information to be announced
to the market (if known)
Answer this question if the
interest rate type is fixed
and your response to the
previous question is "Yes".
Answer "Unknown" if the date
is not known at this time.
------------------------------------------------------------ --------------------------------------
*Does the interest rate include N/A
a reference rate, base rate
or market rate (e.g. BBSW
or CPI)?
Answer this question if the
interest rate type is floating
or indexed.
------------------------------------------------------------ --------------------------------------
*What is the reference rate, N/A
base rate or market rate?
Answer this question if the
interest rate type is floating
or indexed and your response
to the previous question
is "Yes".
------------------------------------------------------------ --------------------------------------
*Does the interest rate include N/A
a margin above the reference
rate, base rate or market
rate?
Answer this question if the
interest rate type is floating
or indexed.
------------------------------------------------------------ --------------------------------------
*What is the margin above N/A
the reference rate, base
rate or market rate (expressed
as a percent per annum)
Answer this question if the
interest rate type is floating
or indexed and your response
to the previous question
is "Yes".
------------------------------------------------------------ --------------------------------------
*Is the margin estimated N/A
at this time?
Answer this question if the
interest rate type is floating
or indexed.
------------------------------------------------------------ --------------------------------------
If the margin is estimated, N/A
then what is the date for
this information to be announced
to the market (if known)
Answer this question if the
interest rate type is floating
or indexed and your response
to the previous question
is "Yes".
Answer "Unknown" if the date
is not known at this time.
------------------------------------------------------------ --------------------------------------
*S128F of the Income Tax s128F exempt
Assessment Act status applicable Not s128F exempt
to the +security s128F exemption status unknown
Select one item from the Not applicable
list
For financial products which
are likely to give rise to
a payment to which s128F
of the Income Tax Assessment
Act applies, ASX requests
issuers to confirm the s128F
status of the security:
* "s128F exempt" means interest payments are not
taxable to non-residents;
* "Not s128F exempt" means interest payments are
taxable to non-residents;
* "s128F exemption status unknown" means the issuer is
unable to advise the status;
* "Not applicable" means s128F is not applicable to
this security
------------------------------------------------------------ --------------------------------------
*Is the +security perpetual N/A
(i.e. no maturity date)?
------------------------------------------------------------ --------------------------------------
*Maturity date N/A
Answer this question if the
security is not perpetual
------------------------------------------------------------ --------------------------------------
*Select other features applicable Simple
to the +security Subordinated
Up to 4 features can be selected. Secured
Further information is available Converting
in the Guide to the Naming Convertible
Conventions and Security Transformable
Descriptions for ASX Quoted Exchangeable
Debt and Hybrid Securities. Cumulative
Non-Cumulative
Redeemable
Extendable
Reset
Step-Down
Step-Up
Stapled
None of the above
------------------------------------------------------------ --------------------------------------
*Is there a first trigger N/A
date on which a right of
conversion, redemption, call
or put can be exercised (whichever
is first)?
------------------------------------------------------------ --------------------------------------
*If yes, what is the first N/A
trigger date
Answer this question if your
response to the previous
question is "Yes".
------------------------------------------------------------ --------------------------------------
Details of the number and N/A
type of +security (including
its ASX +security code if
the +security is quoted on
ASX) that will be issued
if the securities to be quoted
are converted, transformed
or exchanged
Answer this question if the
security features include
"converting", "convertible",
"transformable" or "exchangeable".
For example, if the security
can be converted into 1,000
fully paid ordinary shares
with ASX security code ABC,
please insert "1,000 fully
paid ordinary share (ASX:ABC)".
------------------------------------------------------------ --------------------------------------
Part 4 - Issue details
Question Question Answer
No.
4.1 *Have the +securities to Yes
be quoted been issued yet?
------------------------------------ -----------------
4.1a *What was their date of issue? 10 December 2019
Answer this question if your
response to Q4.1 is "Yes".
------------------------------------ -----------------
4.1b *What is their proposed date N/A
of issue?
Answer this question if your
response to Q4.1 is "No".
------------------------------------ -----------------
4.2 *Are the +securities to be Yes
quoted being issued for a
cash consideration?
If the securities are being
issued for nil cash consideration,
answer this question "No".
------------------------------------ -----------------
4.2a *In what currency is the USD
cash consideration being
paid
For example, if the consideration
is being paid in Australian
Dollars, state AUD.
Answer this question if your
response to Q4.2 is "Yes".
------------------------------------ -----------------
4.2b *What is the issue price A$0.60
per +security
Answer this question if your
response to Q4.2 is "Yes"
and by reference to the issue
currency provided in your
response to Q4.2a.
Note: you cannot enter a
nil amount here. If the securities
are being issued for nil
cash consideration, answer
Q4.2 as "No" and complete
Q4.2c and Q4.2d.
------------------------------------ -----------------
4.2c Please describe the consideration N/A
being provided for the +securities
to be quoted
Answer this question if your
response to Q4.2 is "No".
------------------------------------ -----------------
4.2d Please provide an estimate N/A
(in AUD) of the value of
the consideration being provided
per +security for the +securities
to be quoted
Answer this question if your
response to Q4.2 is "No".
------------------------------------ -----------------
Part 5 - Issued capital following quotation
Following the quotation of the +securities the subject of this application, the issued capital of the entity will comprise: Note: the figures provided in the tables in sections 5.1 and 5.2 below are used to calculate the total market capitalisation of the entity published by ASX from time to time. Please make sure you include in the relevant table each class of securities issued by the entity. If you have quoted CHESS Depository Interests (CDIs) issued over your securities, include them in the table in section 5.1 and include in the table in section 5.2 any securities that do not have CDIs issued over them (and therefore are not quoted on ASX). Restricted securities should only be included in the table in section 5.1 if you are applying to have them quoted because the escrow period for the securities has expired or is about to expire. Otherwise include them in the table in section 5.2. 5.1 *Quoted +securities (total number of each +class of +securities
quoted on ASX following the +quotation of the +securities
the subject of this application) ASX +security code and description Total number of +securities
on issue
DNK Ordinary Shares 318,546,306
----------------------------
----------------------------------------------------------------------------------------------------------------
5.2 *Unquoted +securities (total number of each +class of
+securities issued but not quoted on ASX): ASX +security code and description Total number of +securities
on issue
Unlisted Options exercisable
at $0.912 each, expiring 11 May
2020 (Remuneration Options)
Unlisted Options exercisable
at $0.94 each, expiring 19 May
2020 (Remuneration Options)
500,000
Unlisted Options exercisable
at $1.031 each, expiring 24 January
2022 (Remuneration Options) 1,440,000
Unlisted Options exercisable
at $1.031 each, expiring 24 January 1,168,272
2022 (Remuneration Options)
Unlisted Options exercisable 301,040
at $1.108 each, expiring 13 March
2022 (Remuneration Options)
Unlisted Options exercisable 583,000
at $1.119 each, expiring 28 March
2022 (Remuneration Options)
561,800
Unlisted Options exercisable
at $1.114 each, expiring 30 May
2022 (Remuneration Options) 1,450,000
Performance Rights - Class 1 280,000
Performance Rights - Class 4 800,000
Performance Rights - Class 5 100,000
Performance Rights - Class 6 25,000
Performance Rights - Class 7 15,000
Performance Rights - Class 8 65,000
Performance Rights - Class 9 1,000,000
----------------------------
----------------------------------------------------------------------------------------------------------------
Part 6 - Other Listing Rule requirements
The questions in this Part should only be answered if you are an ASX Listing (ASX Foreign Exempt Listings and ASX Debt Listings do not need to complete this Part) and:
- your response to Q2.1 is "Being issued under a dividend/distribution plan" and the response to Q2.2b.2 is "No"; or
- your response to Q2.1 is "Other".
Note that if your response to Q2.1 is "Being issued as part of a transaction or transactions previously announced to the market in an Appendix 3B", it is assumed that you will have provided the information referred to in this Part in the Appendix 3B.
Question Question Answer
No.
6.1 *Has the entity obtained, Refer to Appendix 3B previously
or is it obtaining, +security lodged 3 December 2019
holder approval for the issue
under listing rule 7.1?
----------------------------------- --------------------------------
6.1a *Date of meeting or proposed Refer to Appendix 3B previously
meeting to approve the issue lodged 3 December 2019
under listing rule 7.1
Answer this question if the
response to Q6.1 is "Yes".
----------------------------------- --------------------------------
6.1b *Are any of the +securities Refer to Appendix 3B previously
being issued without +security lodged 3 December 2019
holder approval using the
entity's 15% placement capacity
under listing rule 7.1?
Answer this question if the
response to Q6.1 is "No".
----------------------------------- --------------------------------
6.1b.1 *How many +securities are Refer to Appendix 3B previously
being issued without +security lodged 3 December 2019
holder approval using the
entity's 15% placement capacity
under listing rule 7.1?
Answer this question if the
response to Q6.1 is "No" and
the response to Q6.1b is "Yes".
Please complete and separately
send by email to your ASX
listings adviser a work sheet
in the form of Annexure B
to Guidance Note 21 confirming
the entity has the available
capacity under listing rule
7.1 to issue that number of
securities.
----------------------------------- --------------------------------
6.1c *Are any of the +securities Refer to Appendix 3B previously
being issued without +security lodged 3 December 2019
holder approval using the
entity's additional 10% placement
capacity under listing rule
7.1A (if applicable)?
Answer this question if the
response to Q6.1 is "No".
----------------------------------- --------------------------------
6.1c.1 *How many +securities are Refer to Appendix 3B previously
being issued without +security lodged 3 December 2019
holder approval using the
entity's additional 10% placement
capacity under listing rule
7.1A?
Answer this question if the
response to Q6.1 is "No" and
the response to Q6.1c is "Yes".
Please complete and separately
send by email to your ASX
listings adviser a work sheet
in the form of Annexure C
to Guidance Note 21 confirming
the entity has the available
capacity under listing rule
7.1A to issue that number
of securities.
----------------------------------- --------------------------------
Introduced 01/12/19
[1] Appendix 2A of the Listing Rules includes a warranty that an offer of the securities for sale within 12 months after their issue will not require disclosure under section 707(3) or 1012C(6) of the Corporations Act. If the securities to be quoted have been issued by way of a pro rata offer, to give this warranty, you will generally need to have lodged a cleansing notice with ASX under section 708AA(2)(f) or 1012DAA(2)(f) of the Corporations Act within 24 hours before the securities are offered (see ASIC Regulatory Guide 189 Disclosure relief for rights issues). If in doubt, please consult your legal adviser.
This information is provided by RNS, the news service of the London Stock Exchange. RNS is approved by the Financial Conduct Authority to act as a Primary Information Provider in the United Kingdom. Terms and conditions relating to the use and distribution of this information may apply. For further information, please contact rns@lseg.com or visit www.rns.com.
END
MSCQBLBFKLFLFBD
(END) Dow Jones Newswires
December 10, 2019 02:01 ET (07:01 GMT)
1 Year Danakali Chart |
1 Month Danakali Chart |
It looks like you are not logged in. Click the button below to log in and keep track of your recent history.
Support: +44 (0) 203 8794 460 | support@advfn.com
By accessing the services available at ADVFN you are agreeing to be bound by ADVFN's Terms & Conditions
