Proposed issue of securitiesAnnouncement Summary
Entity name
For personal use only
KGL RESOURCES LIMITED
Announcement Type
New announcement
Date of this announcement 13/4/2022
The Proposed issue is:
A standard pro rata issue (including non-renounceable or renounceable)
Total number of +securities proposed to be issued for a standard pro rata issue (including non-renounceable or renounceable)
Ex date 19/4/2022
+Record date 20/4/2022
Offer closing date 5/5/2022
Issue date 12/5/2022
Refer to next page for full details of the announcementProposed issue of securities
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Proposed issue of securities
Part 1 - Entity and announcement details
1.1 Name of +Entity
KGL RESOURCES LIMITED
For personal use only
We (the entity named above) give ASX the following information about a proposed issue of +securities and, if ASX agrees to +quote any of the +securities (including any rights) on a +deferred settlement basis, we agree to the matters set out in Appendix 3B of the ASX Listing Rules.
If the +securities are being offered under a +disclosure document or +PDS and are intended to be quoted on ASX, we also apply for quotation of all of the +securities that may be issued under the +disclosure document or +PDS on the terms set out in Appendix 2A of the ASX Listing Rules (on the understanding that once the final number of +securities issued under the +disclosure document or +PDS is known, in accordance with Listing Rule 3.10.3C, we will complete and lodge with ASX an Appendix 2A online form notifying ASX of their issue and applying for their quotation).
1.2 Registered Number Type ABN
Registration Number 52082658080
1.3 ASX issuer code KGL
1.4 The announcement isNew announcement
1.5 Date of this announcement 13/4/2022
1.6 The Proposed issue is:
A standard +pro rata issue (non-renounceable or renounceable)
1.6a The proposed standard +pro rata issue is:+ Non-renounceable
Proposed issue of securities
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Proposed issue of securities
Part 3 - Details of proposed entitlement offer issue
For personal use only
Part 3A - Conditions
3A.1 Do any external approvals need to be obtained or other conditions satisfied before the entitlement offer can proceed on an unconditional basis?
No
Part 3B - Offer details
Class or classes of +securities that will participate in the proposed issue and class or classes of +securities proposed to be issued
ASX +security code and description KGL : ORDINARY FULLY PAID
Is the proposed security a 'New class' (+securities in a class that is not yet quoted or recorded by ASX) or an 'Existing class' (additional securities in a class that is already quoted or recorded by ASX)?
Will the proposed issue of this +security include an offer of attaching +securities?
If the entity has quoted company options, do the terms entitle option holders to participate on exercise?
No
No
Existing class
Details of +securities proposed to be issued
ASX +security code and description
KGL : ORDINARY FULLY PAID
ISIN Code (if Issuer is a foreign company and +securities are non CDIs)
ISIN Code for the entitlement or right to participate in a non-renounceable issue (if Issuer is foreign company and +securities are non CDIs)
Offer ratio (ratio to existing holdings at which the proposed +securities will be issued)
The quantity of additional +securities For a given quantity of +securities
to be issued 1
held 6
Proposed issue of securities
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Proposed issue of securities
What will be done with fractional entitlements?
Maximum number of +securities proposed to be issued (subject to rounding)
Fractions rounded up to the next whole number
65,385,836
For personal use only
Offer price details for retail security holders
In what currency will the offer be | What is the offer price per +security |
made? | for the retail offer? |
AUD - Australian Dollar | AUD 0.37000 |
Oversubscription & Scale back details |
Will individual +security holders be permitted to apply for more than their entitlement (i.e. to over-subscribe)?
Yes
Describe the limits on over-subscription
Applications under the Top-Up Facility will not be capped except to the extent necessary to prevent the issue of New Shares contrary to law.
Will a scale back be applied if the offer is over-subscribed?
Yes
Describe the scale back arrangements
If Eligible Top-Up Facility Participants apply for more New Shares than are available under the Top-Up Facility, the Directors propose that New Shares available under the Top-Up Facility be allocated to Eligible Top-Up Facility Participants on a pro-rata basis.
Will these +securities rank equally in all respects from their issue date with the existing issued +securities in that class?
Yes
Part 3C - Timetable
3C.1 +Record date
20/4/2022
Proposed issue of securities
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Proposed issue of securities
3C.2 Ex date 19/4/2022
3C.4 Record date
20/4/2022
For personal use only
3C.5 Date on which offer documents will be sent to +security holders entitled to participate in the +pro rata issue 26/4/2022
3C.6 Offer closing date 5/5/2022
3C.7 Last day to extend the offer closing date 2/5/2022
3C.9 Trading in new +securities commences on a deferred settlement basis 6/5/2022
3C.11 +Issue date and last day for entity to announce results of +pro rata issue 12/5/2022
3C.12 Date trading starts on a normal T+2 basis 13/5/2022
3C.13 First settlement date of trades conducted on a +deferred settlement basis and on a normal T+2 basis 17/5/2022
Part 3E - Fees and expenses
3E.1 Will there be a lead manager or broker to the proposed offer?
No
3E.2 Is the proposed offer to be underwritten?
No
3E.3 Will brokers who lodge acceptances or renunciations on behalf of eligible +security holders be paid a handling fee or commission?
No
3E.4 Details of any other material fees or costs to be incurred by the entity in connection with the proposed offer
Proposed issue of securities
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KGL Resources Limited published this content on 12 April 2022 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 13 April 2022 00:04:01 UTC.