ADVFN Logo

We could not find any results for:
Make sure your spelling is correct or try broadening your search.

Trending Now

Toplists

It looks like you aren't logged in.
Click the button below to log in and view your recent history.

Hot Features

Registration Strip Icon for default Register for Free to get streaming real-time quotes, interactive charts, live options flow, and more.

SO4 Salt Lake Potash Limited

2.45
0.00 (0.00%)
Last Updated: 00:00:00
Delayed by 15 minutes
Share Name Share Symbol Market Type Share ISIN Share Description
Salt Lake Potash Limited LSE:SO4 London Ordinary Share AU000000SO44 ORD NPV (DI)
  Price Change % Change Share Price Bid Price Offer Price High Price Low Price Open Price Shares Traded Last Trade
  0.00 0.00% 2.45 0.00 00:00:00
Industry Sector Turnover Profit EPS - Basic PE Ratio Market Cap
0 0 N/A 0

Salt Lake Potash Limited Appendix 3B (1547G)

02/11/2018 7:06am

UK Regulatory


Salt Lake Potash (LSE:SO4)
Historical Stock Chart


From Mar 2019 to Mar 2024

Click Here for more Salt Lake Potash Charts.

TIDMSO4

RNS Number : 1547G

Salt Lake Potash Limited

02 November 2018

 
 2 November 2018   AIM/ASX Code: SO4 
 
 
 SALT LAKE POTASH LIMITED 
        APPIX 3B 
------------------------- 
 

Salt Lake Potash Limited ("the Company") today released the following announcement on the Australian Securities Exchange ("ASX"), as required under the listing rules of the ASX.

The securities were issued to Mr Tony Swiericzuk (or his nominee) prior to his appointment as Managing Director & CEO on 5 November 2018.

For further information please visit www.saltlakepotash.com.au or contact:

 
 Clint McGhie                     Salt Lake Potash Limited                    Tel: +61 8 9322 6322 
 Colin Aaronson/Richard Tonthat   Grant Thornton UK LLP (Nominated Adviser)   Tel: +44 (0)207 383 5100 
  /Ben Roberts 
 

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 
 SALT LAKE POTASH LIMITED 
 
 
ABN 
 98 117 085 748 
 

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) Performance rights 
         issued or to be issued                                            b) Incentive Options 
                                                                           c) Incentive Options 
                                                                           d) Incentive Options 
 
 2      Number of +securities                                               a) 7,266,258 
         issued or to be issued                                              b) 1,000,000 
         (if known) or maximum                                               c) 2,000,000 
         number which may be                                                 d) 2,000,000 
         issued 
 
 3      Principal terms of                                             a) Performance rights which 
         the +securities (e.g.                                          are subject to various performance 
         if options, exercise                                           conditions to be satisfied prior 
         price and expiry date;                                         to the relevant expiry dates 
         if partly paid +securities,                                    between 31 July 2019 and 1 November 
         the amount outstanding                                         2023 
         and due dates for                                              b) Incentive Options exercise 
         payment; if +convertible                                       price $0.60, expiry date 1 November 
         securities, the conversion                                     2023 
         price and dates for                                            c) Incentive Options exercise 
         conversion)                                                    price $1.00, expiry date 1 November 
                                                                        2023 
                                                                        d) Incentive Options exercise 
                                                                        price $1.20, expiry date 1 November 
                                                                        2023 
 
 4      Do the +securities                                                  No - unlisted 
         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 consideration                                        Nil 
 
        Purpose of the issue                                              a) Issue of performance rights 
         (If issued as consideration                                       to the proposed new Managing 
         for the acquisition                                               Director pursuant to his service 
   6     of assets, clearly                                                agreement with the Company and 
         identify those assets)                                            the Salt Lake Potash Limited 
                                                                           Performance Rights Plan. 
 
                                                                           b) - d) Issue of Incentive Options 
                                                                           to the proposed new Managing 
                                                                           Director pursuant to his service 
                                                                           agreement with the Company. 
 
        Is the entity an +eligible                                     Yes 
         entity that has obtained 
         security holder approval 
   6a    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                                          17 November 2017 
         holder resolution 
         under rule 7.1A was 
   6b    passed 
 
        Number of +securities                                          5,000,000 Incentive Options 
         issued without security 
         holder approval under 
   6c    rule 7.1 
 
        Number of +securities                                          Nil 
         issued with security 
         holder approval under 
   6d    rule 7.1A 
 
        Number of +securities                                          Nil 
         issued with security 
         holder approval under 
   6e    rule 7.3, or another 
         specific security 
         holder approval (specify 
         date of meeting) 
 
        Number of +securities                                          7,266,258 Performance rights 
         issued under an exception 
         in rule 7.2 
   6f 
 
        If +securities issued                                          Not Applicable 
         under rule 7.1A, was 
         issue price at least 
   6g    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 were                                            Not Applicable 
         issued under rule 
         7.1A for non-cash 
   6h    consideration, state 
         date on which valuation 
         of consideration was 
         released to ASX Market 
         Announcements 
 
        Calculate the entity's                                         7.1 - 19,357,439 
         remaining issue capacity 
         under rule 7.1 and 
         rule 7.1A - complete 
         Annexure 1 and release 
         to ASX Market Announcements 
                                                                        7.1A - 17,504,959 
 
  6i 
 
 7                     +Issue dates                                    22 December 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)                                    175,049,596        Ordinary Shares 
                                                                                         -------------------------- 
                                                                       Number             +Class 
                                                                                         -------------------------- 
                                                                                          Class A Performance 
                                                                                           Shares 
 
                                                                                           Class B Performance 
                                                                                           Shares 
 
                                                                                           Class C Performance 
                                                                                           Shares 
 
                                                                                           Incentive Options 
                                                                                           exercise price $0.40, 
                                                                                           expiry date 29 April 
                                                                                           2019 
 
                                                                                           Incentive Options 
                                                                                           exercise price $0.50, 
                                                                                           expiry date 29 April 
                                                                                           2020 
 
                                                                                           Incentive Options 
                                                                                           exercise price $0.60, 
                                                                                           expiry date 29 April 
                                                                                           2021 
 
                                                                                           Incentive Options 
                                                                                           exercise price $0.40, 
                                                                                           expiry date 30 June 
                                                                                           2021 
                                                                       5,000,000 
                                                                                           Incentive Options 
                                                                        7,500,000          exercise price $0.50, 
                                                                                           expiry date 30 June 
                                                                        10,000,000         2021 
 
                                                                        750,000            Incentive Options 
                                                                                           exercise price $0.60, 
                                                                                           expiry date 30 June 
                                                                        750,000            2021 
 
                                                                                           Incentive Options 
                                                                        1,000,000          exercise price $0.70, 
                                                                                           expiry date 30 June 
                                                                                           2021 
                                                                        250,000 
                                                                                           Incentive Options 
                                                                                           exercise price $0.60, 
                                                                        500,000            expiry date 1 November 
                                                                                           2023 
 
                                                                        750,000            Incentive Options 
                                                                                           exercise price $0.60, 
                                                                                           expiry date 1 November 
                                                                        400,000            2023 
 
                                                                                           Incentive Options 
                                                                        1,000,000          exercise price $0.60, 
                                                                                           expiry date 1 November 
                                                                                           2023 
 
                                                                        2,000,000          Performance rights 
                                                                                           which are subject 
                                                                                           to various performance 
                                                                                           conditions to be 
          Number and +class                                             2,000,000          satisfied prior to 
           of all +securities                                                              the relevant expiry 
           not quoted on ASX                                                               dates between 31 
           (including the +securities                                                      December 2018 and 
 9         in section 2 if applicable)                                  12,666,258         1 November 2023 
                                                                                         -------------------------- 
 
 10       Dividend policy (in                                          Not Applicable 
           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 the                     Not Applicable 
       +securities will be 
       offered 
 
 14   +Class of +securities                  Not Applicable 
       to which the offer 
       relates 
 
 15   +Record date to determine              Not Applicable 
       entitlements 
 
 16   Will holdings on different             Not Applicable 
       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 receipt               Not Applicable 
       of acceptances or renunciations 
 
 
 
 20   Names of any underwriters      Not Applicable 
 
 21   Amount of any underwriting     Not Applicable 
       fee or commission 
 
 22   Names of any brokers           Not Applicable 
       to the issue 
 
 23   Fee or commission payable      Not Applicable 
       to the broker to the 
       issue 
 
 24   Amount of any handling         Not Applicable 
       fee payable to brokers 
       who lodge acceptances 
       or renunciations on 
       behalf of security 
       holders 
 
 25   If the issue is contingent     Not Applicable 
       on security holders' 
       approval, the date 
       of the meeting 
 
 26   Date entitlement and           Not Applicable 
       acceptance form and 
       offer documents will 
       be sent to persons 
       entitled 
 
 27   If the entity has issued       Not Applicable 
       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 holders        Not Applicable 
       sell their entitlements 
       in full through a broker? 
 
 31   How do security holders        Not Applicable 
       sell part of their 
       entitlements through 
       a broker and accept 
       for the balance? 
 
 
 
 32   How do security holders          Not Applicable 
       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.

Sign here: ........................................................... Date: 2 November 2018

(Director/Company secretary)

   Print name:            Clint McGhie 

== == == == ==

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                                                       175,049,596 
                                                                ------------ 
 Add the following: 
   *    Number of fully paid +ordinary securities issued in 
        that 12 month period under an exception in rule 7.2        Nil 
 
 
   *    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 of fully                                    Nil 
  paid +ordinary securities 
  cancelled during that 12 
  month period 
                                                                ------------ 
 "A"                                                             175,049,596 
                                                                ------------ 
 
 
 Step 2: Calculate 15% of "A" 
 "B"                                                            0.15 
                                                                 [Note: this value cannot be 
                                                                 changed] 
                                                               ------------------------------- 
 Multiply "A" by 0.15                                           26,257,439 
                                                               ------------------------------- 
 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                                     1,100,000 Incentive Options 
  to be issued in that 12 month                                   (28 November 2017) 
  period not counting those 
  issued:                                                         800,000 Incentive Options 
   *    Under an exception in rule 7.2                            (22 December 2017) 
 
                                                                  5,000,000 Incentive Options 
   *    Under rule 7.1A                                           (2 November 2018) 
 
 
   *    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"                                                            6,900,000 
                                                               ------------------------------- 
 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                                            26,257,439 
                                                               ------------------------------- 
 Subtract "C" 
  Note: number must be same 
  as shown in Step 3                                            6,900,000 
                                                               ------------------------------- 
 Total ["A" x 0.15] - "C"                                       19,357,439 
                                                                 [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                                                              175,049,596 
                                                                ---------------------------- 
 Step 2: Calculate 10% of "A" 
 "D"                                                             0.10 
                                                                  Note: this value cannot be 
                                                                  changed 
                                                                ---------------------------- 
 Multiply "A" by 0.10                                            17,504,959 
                                                                ---------------------------- 
 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             17,504,959 
                                -------------------------------- 
 Subtract "E"                    Nil 
  Note: number must be same 
  as shown in Step 3 
                                -------------------------------- 
 Total ["A" x 0.10] - "E"        17,504,959 
                                  Note: this is the remaining 
                                  placement capacity under rule 
                                  7.1A 
                                -------------------------------- 
 

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

MSCUURBRWOAARRA

(END) Dow Jones Newswires

November 02, 2018 03:06 ET (07:06 GMT)

1 Year Salt Lake Potash Chart

1 Year Salt Lake Potash Chart

1 Month Salt Lake Potash Chart

1 Month Salt Lake Potash Chart

Your Recent History

Delayed Upgrade Clock