Notification of dividend / distribution

Notification of dividend / distribution

Notification of dividend / distribution

Update Summary

Entity name

METALS X LIMITED

Security on which the Distribution will be paid

MLX - ORDINARY FULLY PAID

Announcement Type

Update to previous announcement

Date of this announcement

Tuesday August 25, 2015

Reason for the Update

Amendment to franked and unfranked values of dividend

Refer to below for full details of the announcement

Announcement Details

Part 1 - Entity and announcement details


1.1 Name of +Entity

METALS X LIMITED

1.2 Registered Number Type

ABN

Registration Number

25110150055

1.3 ASX issuer code

MLX

1.4 The announcement is

Update/amendment to previous announcement

1.4a Reason for update to a previous announcement

Amendment to franked and unfranked values of dividend

1.4b Date of previous announcement(s) to this update

Tuesday August 25, 2015

1.5 Date of this announcement

Tuesday August 25, 2015

1.6 ASX +Security Code

MLX

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Notification of dividend / distribution

ASX +Security Description

ORDINARY FULLY PAID

Part 2A - All dividends/distributions basic details

2A.1 Type of dividend/distribution

Ordinary

2A.2 The Dividend/distribution:

relates to a period of twelve months

2A.3 The dividend/distribution relates to the financial reporting or payment period ending ended/ending (date)

Tuesday June 30, 2015

2A.4 +Record Date

Wednesday September 2, 2015

2A.5 Ex Date

Monday August 31, 2015

2A.6 Payment Date

Friday September 25, 2015

2A.7 Are any of the below approvals required for the dividend/distribution 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 before business day 0 of the timetable for the dividend/distribution.

No

2A.8 Currency in which the dividend/distribution is made ("primary currency")

AUD - Australian Dollar

2A.9 Total dividend/distribution payment amount per +security (in primary currency) for all dividends/distributions notified in this form

AUD 0.02950000

2A.10 Does the entity have arrangements relating to the currency in which the dividend/distribution is paid to securityholders that it wishes to disclose to the market?

No

2A.11 Does the entity have a securities plan for dividends/distributions on this +security?

We have a Dividend/Distribution Reinvestment

Plan (DRP)

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Notification of dividend / distribution

2A.11a If the +entity has a DRP, is the DRP applicable to this dividend/distribution? Yes
2A.12 Does the +entity have tax component information apart from franking?

No

Part 3A - Ordinary dividend/distribution

3A.1 Is the ordinary dividend/distribution estimated at this time?

No

3A.1b Ordinary Dividend/distribution amount per security

AUD 0.02950000

3A.2 Is the ordinary dividend/distribution franked?

Yes

3A.3 Percentage of ordinary dividend/distribution that is franked

26.0000 %

3A.4 Ordinary dividend/distribution franked amount per +security

AUD 0.00767000

3A.6 Ordinary dividend/distribution unfranked amount per +security excluding conduit foreign income amount

AUD 0.02183000

3A.7 Ordinary dividend/distribution conduit foreign income amount per security

AUD

Part 4A - +Dividend reinvestment plan (DRP)

2A.11a(i) DRP Status in respect of this dividend/distribution

Full DRP

3A.1a Ordinary dividend/distribution estimated amount per +security

AUD

3A.2a Is the ordinary dividend/distribution fully franked?

No

3A.3a Applicable corporate tax rate for franking credit (%)

30.0000 %

3A.5 Percentage amount of dividend which is unfranked

74.0000 %

4A.1 What is the default option if +security holders do not indicate whether they want to participate in the DRP?

Do not participate in DRP (i.e. cash payment)

4A.2 Last date and time for lodgement of

election notices to share registry under DRP

Thursday September 3, 2015 19:00:00

4A.4 Period of calculation of reinvestment price
Start Date

Friday September 4, 2015

4A.3 DRP discount rate

5.0000 %

End Date

Thursday September 10, 2015

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4A.5 DRP price calculation methodology

5 percent discount to the daily VWAP of the Company's shares 5 business days from the commencement of the second trading day after the Record Date.


4A.6 DRP Price (including any discount):

AUD

4A.8 Will DRP +securities be a new issue?

Yes

4A.7 DRP +securities +issue date

Friday September 25, 2015

4A.8a Do DRP +securities rank pari passu from
+issue date?

Yes

4A.9 Is there a minimum dollar amount or number of +securities required for DRP participation?

No

4A.10 Is there a maximum dollar amount or number of +securities required for DRP participation?

No

4A.11 Are there any other conditions applying to DRP participation?

No

4A.12 Link to a copy of the DRP plan rules
http://www.metalsx.com.au/investors/dividend-reinvestment-plan/
4A.13 Further information about the DRP

Part 5 - Further information

5.1 Please provide any further information applicable to this dividend/distribution
5.2 Additional information for inclusion in the Announcement Summary

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