INTREPID MINES Notification of Consolidation/Split
Announcement Summary
Entity name
INTREPID MINES LIMITED
Applicable security for the reorganisation
IAU ORDINARY FULLY PAID
Announcement Type
Update to previous announcement
Date of this announcement
Tuesday May 31, 2016
Reason for the Update
Resolution approving the share consolidation carried as an ordinary resolution at the Companys AGM held 31 May 2016.
Additional Information
If the proposed share consolidation is implemented, the number of Intrepid Shares on issue will be reduced from approximately 347.28 million to approximately 17.36 million. As the proposed share consolidation applies equally to all Shareholders, individual shareholdings will be reduced in the same ratio as the total number of Intrepid Shares (subject only to the rounding of fractions). The share consolidation will therefore have no material effect on the percentage interest that each Shareholder has in the Company.
The above share numbers are an approximation only, noting that the Company's issued share capital will continue to reduce up until the date of the proposed capital reduction and share consolidation as a result of the Company's on-market share buy-back activity. The dates included in this Appendix 3A.3 are estimates only and will be updated once confirmed.
Refer to below for full details of the announcement
Announcement Details
Part 1 - Entity and announcement details
*Name of +Entity
INTREPID MINES LIMITED
*Registered Number Type
ACN
060156452
Registration Number
*ASX issuer code
IAU
*The announcement is
Update/amendment to previous announcement
1.4a Reason for update to a previous announcement
Resolution approving the share consolidation carried as an ordinary resolution at the Companys AGM held 31 May 2016.
b * Date of previous announcement(s) to this update
Friday April 22, 2016
*Date of this announcement
Tuesday May 31, 2016
*Securities affected by the reorganisation
IAU ORDINARY FULLY PAID
Part 2 - Approvals
*Are any of the below approvals required for the reorganisation before business day 0 of the timetable?
Security holder approval Court approval
Lodgement of court order with +ASIC ACCC approval
FIRB approval
Another approval/condition external to the entity required to be given/met before business day 0 of the timetable for the reorganisation.
Yes
Approvals
Approval/Condition | Date for determination | Is the date estimated | **Approval |
+Security holder | Tuesday May 31, | or actual? | received/condition |
approval | 2016 | Actual | met? |
Yes | |||
Comments Resolution approving the share consolidation carried as an ordinary resolution at the Companys AGM held 31 May 2016 | |||
Approval/Condition | Date for determination | Is the date estimated | **Approval |
Other (please specify | Thursday June 30, | or actual? | received/condition |
in comment section) | 2016 | Estimated | met? |
[Select...] | |||
Comments Execution of the proposed share capital reduction. Date is an estimate only and will be updated once confirmed. | |||
Part 3 - Reorganisation timetable and details
*+Record date
Friday July 8, 2016
Date of +security holder meeting
Tuesday May 31, 2016
Last day for trading in the pre-re-organised +securities
Wednesday July 6, 2016
*Effective date. Trading in the re-organised securities commences on a +deferred settlement basis. If the +entity's securities are suspended from trading during this period there will be no
+deferred settlement trading however ASX still captures this date.
Thursday July 7, 2016
Record date
Friday July 8, 2016
First day for +entity to send notices to +security holders of the change in the number of
+securities they hold. First day for +entity to register +securities on a post-reorganised basis
Monday July 11, 2016
*+Issue date. +Deferred settlement market ends. Last day for +entity to send notices to
+security holder of the change in the number of +securities they hold. Last day for +entity to register +securities on a post-reorganised basis
Friday July 15, 2016
Trading starts on a normal T+2 basis
Monday July 18, 2016
First settlement of trades conducted on a +deferred settlement basis and on a normal T+2 basis
Wednesday July 20, 2016
Part 4 - Reorganisation type and details
4.1 *The reorganisation is
+Security consolidation
a *Consolidation ratio: the +securities will be consolidated on the basis that every
20
(pre-consolidation) +securities will be consolidated into
1
(post-consolidation) +security (/ies).
*Scrip fraction rounding
Fractions rounded down to the nearest whole number or fractions disregarded
Part 5 - +Securities on issue before and after reorganisation
5.1 *+Securities on issue before and after the reorganisation
*ASX +Security Code IAU | *ASX +Security Description ORDINARY FULLY PAID | ||
Quoted/unquoted Quoted | Number on issue before reorganisation 347,304,744 | Number on issue after reorganisation 17,363,842 | Estimate/Actual Estimated |
Part 6 - Further information
Further information relating to the reorganisation
At 31 May 2016 the Company had 347,276,849 shares on issue. .
Additional information for inclusion in the Announcement Summary
If the proposed share consolidation is implemented, the number of Intrepid Shares on issue will be reduced from approximately 347.28 million to approximately 17.36 million. As the proposed share consolidation applies equally to all Shareholders, individual shareholdings will be reduced in the same ratio as the total number of Intrepid Shares (subject only to the rounding of fractions). The share consolidation will therefore have no material effect on the percentage interest that each Shareholder has in the Company.
The above share numbers are an approximation only, noting that the Company's issued share capital will continue to reduce up until the date of the proposed capital reduction and share consolidation as a result of the Company's on-market share buy-back activity. The dates included in this Appendix 3A.3 are estimates only and will be updated once confirmed.
Intrepid Mines Limited published this content on 31 May 2016 and is solely responsible for the information contained herein.
Distributed by Public, unedited and unaltered, on 31 May 2016 10:11:05 UTC.
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