RESOURCE GENERATION LIMITED 26 February 2015
The Manager
Company Announcements
Australian Securities Exchange Limited
Exchange Centre
20 Bridge Street
Sydney NSW 2000
Attention: Stephanie Yong
Dear Stephanie,
ASX Price QueryResource Generation Limited
ABN 91 059 950 337
Level 12, Chifley Tower
2 Chifley Square
Sydney NSW 2000
GPO Box 5490
Sydney NSW 2001
Tel +61 2 9376 9000
Fax +61 2 9376 9013
www.resgen.com.au
ASX: RES JSE: RSG
Further to your letter dated 26 February 2015, Resource Generation Limited confirms the following:
1. The company is not aware of any information that has not been announced which, if known, could be an explanation for recent trading in the company's shares.
2. Not applicable.
3. The company has been subject to steady selling of its shares at low volumes over the past few months as shareholders await the outcome of financing negotiations. We provided an update on those negotiations today.
4. The company is in compliance with the ASX listing rules, in particular listing rule 3.1
Yours sincerely,
Steve Matthews
Company Secretary
ASX Compliance Pty Limited
ABN 26 087 780 489
20 Bridge Street
Sydney NSW 2000
PO Box H224
Australia Square NSW 1215
Telephone 61 2 9227 0000
Facsimile 61 2 9241 7620 www.asx.com.au
26 February 2015
Steve Matthews
Company Secretary & Executive Director
Resource Generation Limited
Level 12 Chifley Tower
2 Chifley Square
Sydney NSW 2000
By email
Dear Mr Matthews,
We have noted a change in the price of the Entity's securities from a high of $0.094 on Monday, 23 February
2015 to a low of $0.07 today, Thursday, 26 February 2015.
We also note an increase in the trading volume of the Entity's securities over this period.
In light of the price decrease and volume increase, ASX asks you to respond separately to each of the following questions:
1. Is the Entity aware of any information concerning it that has not been announced to the market which, if known by some in the market, could explain the recent trading in its securities?
2. If the answer to question 1 is "yes":
a) Is the Entity relying on Listing Rule 3.1A not to announce that information under Listing Rule 3.1?
Please note that the recent trading in the Entity's securities would suggest to ASX that such information may have ceased to be confidential and therefore the Entity may no longer be able to rely on Listing Rule 3.1A. Accordingly, if the answer to this question is "yes", you need to contact us immediately to discuss the situation.
b) Can an announcement be made immediately?
Please note, if the answer to this question is "no", you need to contact us immediately to discuss requesting a trading halt (see below).
c) If an announcement cannot be made immediately, why not and when is it expected that an announcemant will be made?
3. If the answer to question 1 is "no", is there any other explanation that the Entity may have for the recent trading in its securities?
4. Please confirm that the Entity is in compliance with the Listing Rules and, in particular, Listing Rule 3.1.
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When and where to send your response
This request is made under, and in accordance with, Listing Rule 18.7. Your response is required as soon as reasonably possible and, in any event, by not later than 3:00 p.m. AEDT today, Thursday 26 February 2015. If we do not have your response by then, ASX will have no choice but to consider suspending trading in the Entity's securities under Listing Rule 17.3.
You should note that if the information requested by this letter is information required to be given to ASX under Listing Rule 3.1 and it does not fall within the exceptions mentioned in Listing Rule 3.1A, the Entity's obligation is to disclose the information "immediately". This may require the information to be disclosed before the deadline set out in the previous paragraph.
ASX reserves the right to release a copy of this letter and your response on the ASX Market Announcements Platform under Listing Rule 18.7A. Accordingly, your response should be in a form suitable for release to the market.
Your response should be sent to me by a return e-mail or by facsimile to (02) 9241 7620. It should not be sent directly to the ASX Market Announcements Office. This is to allow me to review your response to confirm that it is in a form appropriate for release to the market, before it is published on the ASX Market Announcements Platform.
Listing Rule 3.1 requires a listed entity to give ASX immediately any information concerning it that a reasonable person would expect to have a material effect on the price or value of the entity's securities. Exceptions to this requirement are set out in Listing Rule 3.1A.
The obligation of the Entity to disclose information under Listing Rules 3.1 and 3.1A is not confined to, nor is it necessarily satisfied by, answering the questions set out in this letter.
In responding to this letter, you should have regard to the Entity's obligations under Listing Rules 3.1 and 3.1A
and also to Guidance Note 8 Continuous Disclosure: Listing Rules 3.1 - 3.1B.
If you are unable to respond to this letter by the time specified above, or if the answer to question 1 is "yes" and an announcement cannot be made immediately, you should discuss with us whether it is appropriate to request a trading halt in the Entity's securities under Listing Rule 17.1.
If you wish a trading halt, you must tell us:
• the reasons for the trading halt;
• how long you want the trading halt to last;
• the event you expect to happen that will end the trading halt;
• that you are not aware of any reason why the trading halt should not be granted; and
• any other information necessary to inform the market about the trading halt, or that we ask for.
We may require the request for a trading halt to be in writing. The trading halt cannot extend past the commencement of normal trading on the second day after the day on which it is granted.
You can find further information about trading halts in Guidance Note 16 Trading Halts & Voluntary Suspensions.
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If you have any queries or concerns about any of the above, please contact me immediately.
Yours sincerely
[Sent electronically without signature]
Stephanie Yong
Senior Adviser, Listings Compliance (Sydney)
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