10 February 2014
To all Shareholders,
Re: Offer of Non Renounceable Rights Issue to all Shareholders
The company proposes to make a non-renounceable rights issue to all eligible shareholders on the basis for every five shares held at the record date, four new shares are to be issued at thirty one cents ($0.31) per new share.
The proposed timetable for the issue is as follows:
Announcement of Rights Issue and Lodgement of Appendix 3B and Section 708AA Cleansing Notice with ASX | 10 February 2014 |
Notice to security holders containing the information required by Appendix 3B and details of the timetable for the issue sent to shareholders | 11 February 2014 |
"Ex" date from which shares commence trading without entitlement to participate in the Rights Issue | 12 February 2014 |
Record Date | 18 February 2014 |
Offer and entitlement documents sent to shareholders | 24 February 2014 |
Last day for acceptance (close date) | 11 March 2014 |
Securities quoted on a deferred settlement basis | 12 March 2014 |
ASX notified of under subscriptions | 12 March 2014 |
Issue Date (deferred settlement trading ends) | 13 March 2014 |
Normal trading commences | 14 March 2014 |
Holding Statements sent to shareholders | 19 March 2014 |
Also enclosed is a Notice of Intention to offer the rights issue and a copy of the New Issue Announcement lodged with ASX (Appendix 3B). The Offer Document has been lodged with ASX and is available on the ASX website.
Copies of the Offer Document and the entitlement and acceptance form will be sent to all shareholders on 11 February 2014.
Yours faithfully
Ian Mitchell
Company Secretary
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