NEW WORLD RESOURCES LIMITED ASX Announcement 14 April 2022
AMENDED CONSTITUTION
Proposed amendments to New World Resources Limited (ASX:NWC) Constitution were approved at the General Meeting of shareholders held today.
In accordance with ASX Listing Rule 15.4.2, the amended Constitution is attached.
For further information please contact:
Ian Cunningham
Company Secretary +61 8 9226 1356
This announcement has been authorised for release by Ian Cunningham, Company Secretary
New World Resources Limited (ACN 108 456 444)
Unit 24-26, Level 3, 22 Railway Road, Subiaco, Western Australia 6008 +61 8 9226 1356info@newworldres.comwww.newworldres.com
CONSTITUTION
New World Resources Limited
ACN 108 456 444
Amended 14 April 2022
CONTENTS
1. DEFINITIONS AND INTERPRETATION ............................................................................................ 1
1.1 Definitions ........................................................................................................................................... 1
1.2 Interpretation ....................................................................................................................................... 2
1.3 Corporations Act ................................................................................................................................. 2
1.4 Listing Rules interpretation ................................................................................................................. 2
1.5 Replaceable rules not to apply ........................................................................................................... 2
1.6 Currency ............................................................................................................................................. 2
1.7 Application of Listing Rules ................................................................................................................. 3
1.8 Listed company articles ...................................................................................................................... 3
1.9 Unlisted company articles ................................................................................................................... 3
1.10 Previous Constitution .......................................................................................................................... 3
2. SHARE CAPITAL ............................................................................................................................... 3
2.1 Directors to issue shares .................................................................................................................... 3
2.2 Preference shares .............................................................................................................................. 4
2.3 Class meetings ................................................................................................................................... 4
2.4 Non-recognition of interests ................................................................................................................ 4
2.5 Joint holders of shares ........................................................................................................................ 4
2.6 Commission and brokerage ................................................................................................................ 5
3. REDUCTION OF CAPITAL ................................................................................................................ 5
4. LIEN .................................................................................................................................................... 5
4.1 Lien on share ...................................................................................................................................... 5
4.2 Lien on loans under employee incentive schemes ............................................................................. 5
4.3 Lien on distributions ............................................................................................................................ 5
4.4 Exemption from article 4.1 or 4.2 ........................................................................................................ 5
4.5 Extinguishment of lien ......................................................................................................................... 5
4.6 Company's rights to recover payments .............................................................................................. 5
4.7 Reimbursement is a debt due ............................................................................................................. 6
4.8 Sale under lien .................................................................................................................................... 6
4.9 Limitations on sale under lien ............................................................................................................. 6
4.10 Transfer on sale under lien ................................................................................................................. 6
4.11 Irregularity or invalidity ........................................................................................................................ 6
4.12 Proceeds of sale ................................................................................................................................. 6
5. CALLS ON SHARES .......................................................................................................................... 6
5.1 Directors to make calls ....................................................................................................................... 6
5.2 Time of call .......................................................................................................................................... 6
5.3 Members' liability ................................................................................................................................ 7
5.4 Joint holders' liability ........................................................................................................................... 7
5.5 Non-receipt of notice ........................................................................................................................... 7
5.6 Interest on default ............................................................................................................................... 7
5.7 Fixed instalments ................................................................................................................................ 7
5.8 Differentiation between holders as to calls ......................................................................................... 7
5.9 Prepayment of calls and interest ........................................................................................................ 7
6. FORFEITURE OF SHARES ............................................................................................................... 7
6.1 Notice requiring payment of call ......................................................................................................... 7
6.2 Contents of notice ............................................................................................................................... 7
6.3 Forfeiture for failure to comply with notice .......................................................................................... 8
6.4 Dividends and distributions included in forfeiture ............................................................................... 8
6.5 Sale or re-issue of forfeited shares ..................................................................................................... 8
6.6 Notice of forfeiture .............................................................................................................................. 8
6.7 Surrender instead of forfeiture ............................................................................................................ 8
6.8 Cancellation of forfeiture ..................................................................................................................... 8
6.9 Effect of forfeiture on former holder's liability ..................................................................................... 8
6.10 Evidence of forfeiture .......................................................................................................................... 8
6.11 Transfer of forfeited share .................................................................................................................. 8
6.12 Registration of transferee ................................................................................................................... 8
6.13 Irregularity or invalidity ........................................................................................................................ 8
7. TRANSFER OF SHARES ................................................................................................................... 9
7.1 Forms of instrument of transfer ........................................................................................................... 9
7.2 Execution and delivery of transfer ...................................................................................................... 9
7.3 Effect of registration ............................................................................................................................ 9
7.4 Company to register forms without charge ......................................................................................... 9
7.5 Power to refuse to register (while the Company is not listed) ............................................................ 9
7.6 Power to refuse to register (while the Company is listed) .................................................................. 9
7.7 Obligation to refuse to register (while the Company is listed) ............................................................ 9
7.8 Written notice to security holder (while the Company is listed) ........................................................ 10
7.9 Company to retain instrument of transfer ......................................................................................... 10
8. TRANSMISSION OF SHARES ......................................................................................................... 10
8.1 Transmission of shares on death ..................................................................................................... 10
8.2 Information given by personal representative ................................................................................... 10
8.3 Death of joint owner .......................................................................................................................... 10
8.4 Transmission of shares on bankruptcy ............................................................................................. 10
8.5 Transmission of shares on mental incapacity ................................................................................... 11
9. PROCEDURE TO APPROVE PROPORTIONAL TAKEOVER BID ................................................. 11
9.1 Definitions ......................................................................................................................................... 11
9.2 Resolution to approve Proportional Takeover Bids .......................................................................... 11
9.3 Sunset ............................................................................................................................................... 13
10. GENERAL MEETINGS ..................................................................................................................... 13
10.1 Annual general meeting .................................................................................................................... 13
10.2 Convening a general meeting ........................................................................................................... 13
10.3 Use of technology at general meetings ............................................................................................ 13
10.4 Notice of general meeting ................................................................................................................. 14
10.5 Calculation of period of notice .......................................................................................................... 14
10.6 Cancellation or postponement of a meeting ..................................................................................... 14
10.7 Notice of cancellation or postponement of a meeting (while the Company is not listed) ................. 14
10.8 Notice of cancellation or postponement of a meeting (while the Company is listed) ....................... 14
10.9 Contents of notice of postponement of meeting ............................................................................... 15
10.10 Number of clear days for postponement of meeting ........................................................................ 15
10.11 Business at postponed meeting ....................................................................................................... 15
10.12 Proxy, attorney or Representative at postponed meeting ................................................................ 15
10.13 Non-receipt of notice ......................................................................................................................... 15
10.14 Director entitled to notice of meeting ................................................................................................ 15
10.15 Circulating resolutions (while the Company is not listed) ................................................................. 15
11. PROCEEDINGS AT GENERAL MEETINGS .................................................................................... 16
11.1 Membership at a specified time ........................................................................................................ 16
11.2 Number for a quorum ........................................................................................................................ 16
11.3 Requirement for a quorum ................................................................................................................ 16
11.4 If quorum not present ........................................................................................................................ 16
11.5 Adjourned meeting ............................................................................................................................ 16
11.6 Appointment of chairman of general meeting ................................................................................... 16
11.7 Absence of chairman at general meeting ......................................................................................... 16
11.8 Conduct of general meetings ............................................................................................................ 17
11.9 Disruption and termination of general meeting ................................................................................. 17
11.10 Adjournment of general meeting ...................................................................................................... 17
11.11 Notice of adjourned meeting ............................................................................................................. 18
11.12 Questions decided by majority .......................................................................................................... 18
11.13 No casting vote for chairman ............................................................................................................ 18
11.14 Voting on show of hands .................................................................................................................. 18
11.15 Poll .................................................................................................................................................... 18
11.16 Entitlement to vote ............................................................................................................................ 18
11.17 Proxies .............................................................................................................................................. 19
11.18 Appointment of Representative or attorney ...................................................................................... 19
11.19 Joint shareholders' vote .................................................................................................................... 19
11.20 Effect of unpaid call .......................................................................................................................... 20
11.21 Validity of vote in certain circumstances ........................................................................................... 20
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New World Resources Ltd. published this content on 14 April 2022 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 14 April 2022 03:54:06 UTC.
