NEOMETALS LTD 14 March 2016
Level 1, 672 Murray Street West Perth WA 6005
Locked Bag 8
West Perth WA 6872
t. +61 8 9322 1182
f. +61 8 9321 0556
info@neometals.com.au neometals.com.au
Neometals Ltd ABN 89 099 116 631
Further to the ASX announcement release on 24 February 2016, the Board of Neometals Ltd (ASX: NMT) ("Neometals" or "Company") advises that the proposed cash payment to shareholders of 2 cents per share (approximately A$11.2m in total) will now be paid entirely as an unfranked dividend.
After further consideration of the proposed return in consultation with tax advisers, the Board has determined that the proportion of any return that could be attributed as a return of capital is minimal. The Board has accordingly decided that is preferable to proceed immediately with an unfranked dividend and avoid additional costs and delays that would be associated with seeking shareholder approval for the return of capital. As a result, the directors have declared a dividend of 2 cents per share, to holders of ordinary shares registered at 4.00pm WST on 22 March 2016.
The relevant dates for the dividend are set out below: Announcement of Dividend 14 March 2016
Ex Date 21 March 2016
Record Date 22 March 2016
Payment Date 7 April 2016
To ensure that shareholders receive their dividend as quickly as possible, shareholders are encouraged to contact the Company's share registry, Computershare Investor Services, to ensure that their bank and other contact details are up to date including providing tax file number details so as to avoid the company being required to withhold tax.
To update your profile, please follow the steps below:
Step 1: | Go online to www.investorcentre.com |
Step 2: | Select 'Login' for existing users (New users select 'Create Login' and follow the prompts) |
Step 3: | Enter your 'User ID' |
Step 4: | Enter your 'Password' |
Step 5: | Click on 'My Profile' and update your bank details, communication preferences etc. |
All the right elements
On‐market Share Buy‐Back and Unmarketable Parcel Sale FacilityAs was announced on 24 February 2016, Neometals also intends to initiate an on‐market buy‐back of ordinary shares. The period of the buy‐back will commence from the date after payment of the dividend. The Company will acquire up to a maximum of 5% of the Company's current issued ordinary shares, and will not buy‐back more than A$5m worth of shares over 12 months.
The Company will also initiate an unmarketable parcel sale facility, enabling shareholders with a valued at less than A$500, to sell their full holding with no broking or administration fees, as was announced on 24 February 2016.
Further details will be provided post payment of the dividend.
For further information, please contact:
T: +61 8 9322 1182
E: info@neometals.com.au
MediaRichard Glass / Michael Weir Citadel‐MAGNUS
T: +61 8 6160 4900
Neometals Ltd. issued this content on 14 March 2016 and is solely responsible for the information contained herein. Distributed by Public, unedited and unaltered, on 14 March 2016 06:03:14 UTC
Original Document: http://www.neometals.com.au/reports/655-CR140316.pdf
