HRL Holdings Limited
Level 8 Waterfront Place, 1 Eagle Street Brisbane Queensland 4000, Australia
GPO Box 216
Brisbane Queensland 4001, Australia
Tel +61 7 3105 5960
Email admin@hrlholdings.com
ASX Announcement 16 November 2017 Share Purchase Plan - Issue of Shares and Appendix 3BLeading environmental and geotechnical services provider HRL Holdings Limited (ASX: HRL, "HRL" or "the Company") is pleased to advise of a strong investor response to its Share Purchase Plan Offer ("SPP Offer") announced on 31 October 2017.
HRL's SPP Offer announcement stated that once the Company had received applications to subscribe for $1 million in new shares, the SPP Offer would close.
HRL advised on 8 November 2017 that it had received applications in excess of $1 million, and as such, the SPP Offer closed on that date.
The Company advises that the SPP Offer was more than 1.58 times oversubscribed. The Directors have resolved that all applications will be scaled back to 63.132% of the shares applied for, in line with the excess value of application funds over the $1,000,000 being offered.
The shares under the SPP Offer will be issued today. An Appendix 3B is attached in relation to the shares being issued.
Excess funds will be refunded to applicants by the share registry with cheques to be sent tomorrow.
HRL's Board of Directors would like to thank all shareholders for their support of the Company's growth plans.
For more information, please contact:
Link Market Services Limited SPP Information Line Phone: 1300 853 481 (if calling from within Australia)
Phone: +61 1300 853 481 (if calling from outside Australia) On Behalf of the Board
Paul Marshall Company Secretary HRL Holdings Ltd
Appendix 3B New issue announcement
Appendix 3BRule 2.7, 3.10.3, 3.10.4, 3.10.5
New issue announcement, application for quotation of additional securities and agreementInformation 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 |
HRL Holdings Limited |
ABN |
99 120 896 371 |
We (the entity) give ASX the following information.
Part 1 - All issuesYou must complete the relevant sections (attach sheets if there is not enough space).
1 | +Class of +securities issued or to be issued | Fully paid ordinary shares |
2 | Number of +securities issued or to be issued (if known) or maximum number which may be issued | 11,764,736 |
3 | Principal terms of the +securities (eg, if options, exercise price and expiry date; if partly paid +securities, the amount outstanding and due dates for payment; if +convertible securities, the conversion price and dates for conversion) | Fully paid ordinary shares |
Error! Unknown document property name.
+ See chapter 19 for defined terms.
04/03/2013 Appendix 3B Page 2
4 | Do the +securities rank equally in all respects from the date of allotment with an existing +class of quoted +securities? If the additional securities do not rank equally, please state:
| Yes |
5 | Issue price or consideration | $0.085 per share |
6 | Purpose of the issue (If issued as consideration for the acquisition of assets, clearly identify those assets) | The funds raised will be applied towards
|
6a | Is the entity an +eligible entity that has obtained security holder approval under rule 7.1A? If Yes, complete sections 6b - 6h in relation to the +securities the subject of this Appendix 3B, and comply with section 6i | No |
6b | The date the security holder resolution under rule 7.1A was passed |
6c | Number of +securities issued without security holder approval under rule 7.1 |
6d | Number of +securities issued with security holder approval under rule 7.1A |
6e | Number of +securities issued with security holder approval under rule 7.3, or another specific security holder approval (specify date of meeting) | |
6f | Number of securities issued under an exception in rule 7.2 | |
6g | If securities issued under rule 7.1A, was issue price at least 75% of 15 day VWAP as calculated under rule 7.1A.3? Include the issue date and both values. Include the source of the VWAP calculation. | |
6h | If securities were issued under rule 7.1A for non-cash consideration, state date on which valuation of consideration was released to ASX Market Announcements | |
6i | Calculate the entity's remaining issue capacity under rule 7.1 and rule 7.1A - complete Annexure 1 and release to ASX Market Announcements | |
7 | +Issue dates 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. | 16 November 2017 |
Number | +Class |
255,951,142 | Fully paid ordinary shares |
Number and +class of all
+securities quoted on ASX (including the securities in section 2 if applicable
Number
+Class
3,088,667
Unlisted Performance Rights - LTI 2016
Number and +class of all
+securities not quoted on ASX (including the securities in section 2 if applicable)
N/A
Dividend policy (in the case of a trust, distribution policy) on the increased capital (interests)
HRL Holdings Ltd. published this content on 16 November 2017 and is solely responsible for the information contained herein.
Distributed by Public, unedited and unaltered, on 15 November 2017 22:19:01 UTC.
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