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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 |
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)
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