TERRACOM LIMITED Notification of Consolidation/Split
Announcement Summary
Entity name
TERRACOM LIMITED
Applicable security for the reorganisation
TER | ORDINARY FULLY PAID |
TERAI | WARRANT EXPIRING VARIOUS DATES EX VARIOUS PRICES |
TERAA | OPTION EXPIRING VARIOUS DATES EX VARIOUS PRICE |
Announcement Type
Update to previous announcement
Date of this announcement
Monday December 4, 2017
Reason for the Update
Shareholder approval recieved at AGM.
Additional Information
Shareholder approval received at AGM.
Refer to below for full details of the announcement
Announcement Details
Part 1 - Entity and announcement details
*Name of +Entity
TERRACOM LIMITED
*Registered Number Type
ABN
35143533537
Registration Number
*ASX issuer code
TER
*The announcement is
Update/amendment to previous announcement
1.4a Reason for update to a previous announcement
Shareholder approval recieved at AGM.
b * Date of previous announcement(s) to this update
Friday October 27, 2017
*Date of this announcement
Monday December 4, 2017
*Securities affected by the reorganisation
TER | ORDINARY FULLY PAID |
TERAI | WARRANT EXPIRING VARIOUS DATES EX VARIOUS PRICES |
TERAA | OPTION EXPIRING VARIOUS DATES EX VARIOUS PRICE |
Part 2 - Approvals
*Are any of the below approvals required for the reorganisation 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 to be given/met before business day 0 of the timetable for the reorganisation.
Yes
Approvals
Approval/Condition +Security holder approval | Date for determination Thursday November 30, 2017 | Is the date estimated or actual? Actual | **Approval received/condition met? Yes |
Comments Shareholder approval received at AGM. | |||
Part 3 - Reorganisation timetable and details
*+Record date
Tuesday December 5, 2017
Date of +security holder meeting
Thursday November 30, 2017
Last day for trading in the pre-re-organised +securities
Friday December 1, 2017
*Effective date. Trading in the re-organised securities commences on a +deferred settlement basis. If the +entity's securities are suspended from trading during this period there will be no
+deferred settlement trading however ASX still captures this date.
Monday December 4, 2017
Record date
Tuesday December 5, 2017
First day for +entity to send notices to +security holders of the change in the number of
+securities they hold. First day for +entity to register +securities on a post-reorganised basis
Wednesday December 6, 2017
*+Issue date. +Deferred settlement market ends. Last day for +entity to send notices to
+security holder of the change in the number of +securities they hold. Last day for +entity to register +securities on a post-reorganised basis
Tuesday December 12, 2017
Trading starts on a normal T+2 basis
Wednesday December 13, 2017
First settlement of trades conducted on a +deferred settlement basis and on a normal T+2 basis
Friday December 15, 2017
Part 4 - Reorganisation type and details
4.1 *The reorganisation is
+Security consolidation
a *Consolidation ratio: the +securities will be consolidated on the basis that every
10
(pre-consolidation) +securities will be consolidated into
1
(post-consolidation) +security (/ies).
*Scrip fraction rounding
Fractions rounded up to the next whole number
Part 5 - +Securities on issue before and after reorganisation
*+Securities on issue before and after the reorganisation
*ASX +Security Code
TER
Quoted/unquoted
Quoted
*ASX +Security Description
ORDINARY FULLY PAID
Number on issue before reorganisation 3,013,244,790
Number on issue after reorganisation 301,324,479
Estimate/Actual
Estimated
*ASX +Security Code
TERAI
*ASX +Security Description
WARRANT EXPIRING VARIOUS DATES EX VARIOUS PRICES
Quoted/unquoted
Unquoted
Number on issue before reorganisation 126,308,306
Number on issue after reorganisation 12,630,831
Estimate/Actual
Estimated
*ASX +Security Code
TERAA
*ASX +Security Description OPTION EXPIRING
VARIOUS DATES EX
VARIOUS PRICE
Quoted/unquoted
Unquoted
Number on issue before reorganisation 30,000,000
Number on issue after reorganisation 3,000,000
Estimate/Actual
Estimated
*Exercise price of options
*ASX +Security Code TERAI | *ASX +Security Description WARRANT EXPIRING VARIOUS DATES EX VARIOUS PRICES | |
Quoted/unquoted Unquoted | Exercise price before reorganisation 0.00000000 | Exercise price after reorganisation 0.00000000 |
*ASX +Security Code TERAA | *ASX +Security Description OPTION EXPIRING VARIOUS DATES EX VARIOUS PRICE | |
Quoted/unquoted Unquoted | Exercise price before reorganisation 0.00000000 | Exercise price after reorganisation 0.00000000 |
Part 6 - Further information
6.1 Further information relating to the reorganisation
Part 5 - Securities on issue before and after reorganisation excludes the Unissued Shares to Cameron McRae. Pre-Consolidation: 73,318,740 shares
Post-Consolidation: 7,331,875 shares
At the TerraCom AGM held on 30 November 2016 shareholders approved a sign-on bonus of ordinary shares to Cameron McRae through the Executive Chairman Consultancy Agreement with Tarva Investment and Advisory LLC. As at the date of this Notice these shares have not been issued to Tarva Investment and Advisory LLC.
TerraCom Limited published this content on 04 December 2017 and is solely responsible for the information contained herein.
Distributed by Public, unedited and unaltered, on 04 December 2017 09:11:03 UTC.
Original documenthttp://terracomresources.com/wp-content/uploads/2017/12/1748645.pdf
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