Notification of reorganisation of capital - return of capital (cash)
Notification of reorganisation of capital - return of capital (cash)
Update Summary
Entity name
ALLIANCE RESOURCES LIMITED
Applicable security for the return of capital
AGS - ORDINARY FULLY PAID
Announcement Type
Update to previous announcement
Date of this announcement
Friday October 9, 2015
Reason for the Update
Provide the most current information
Additional Information
Notice of Meeting, Explanatory Statement and Proxy Form lodged on ASX platform on 11 August 2015.
Refer to below for full details of the announcement
Announcement Details
Part 1 - Entity and announcement details
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Name of +Entity
ALLIANCE RESOURCES LIMITED
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Registered Number Type
ACN
063293336
Registration Number
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ASX issuer code
AGS
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The announcement is
Update/amendment to previous announcement
1.4a Reason for update to a previous announcement
Provide the most current information
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b Date of previous announcement(s) to this update
Tuesday August 11, 2015
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Date of this announcement
Friday October 9, 2015
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ASX +Security Code
AGS
ASX +Security Description
ORDINARY FULLY PAID
Part 2 - Return of capital type and approvals
2.1 Are any of the below approvals required for the return of capital 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 return of capital.
Yes
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a Approvals
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Approval/Condition
+Security holder approval
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Date for determination
Friday September 11,
2015
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Is the date estimated or actual?
Actual
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**Approval received/condition met?
Yes
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Comments
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Is the return of capital a selective reduction of capital
No
Part 3 - Return of capital timetable and details
3.1 +Record date
Wednesday October 14, 2015
3.2 Does the +entity have quoted options on issue?
No
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a Last day for trading in pre-return of capital quoted options
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Effective date. Trading in the re-organised +securities on an 'ex return of capital' basis commences. If the +entity has quoted options, trading in the quoted options 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 October 12, 2015
3.4 +Record Date
Wednesday October 14, 2015
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a If the +entity has quoted options, first day for the +entity to send notice to each +security holder, register +securities on a post-return of capital basis and send holding statements.
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*Issue Date (Payment date). If the +entity has quoted options, +deferred settlement market in options ends. Last day for +entity to send notices to +security holders for quoted options they hold. Last day for +entity to register quoted options on a post-reorganised basis
Wednesday October 28, 2015
3.5a If the +entity has quoted options, trading in the options starts on a normal T+3 basis
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b If the +entity has quoted options, first settlement of trades conducted on a +deferred settlement basis and on a normal T+3 basis
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Currency in which the return of capital is made ('primary currency')
AUD - Australian Dollar
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Return of capital amount per +security
AUD 0.12000000
Part 4 - Other +entity-issued +securities affected by the return of capital
4.1 Will the return of capital affect the exercise price of any +entity-issued options?
No
Part 5 - Further information
5.1 Has the +entity applied for an ATO class ruling in relation to the return of capital?
Yes
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a Please provide further information on the ATO ruling
In final stages of application - release of class ruling anticipated by 21 October 2015
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Source of funds for return of capital
Proceeds from sale of main undertaking - cash consideration received in full on 18 September 2015
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Further information relating to this return of capital
The Sale of Main Undertaking and Return of Capital was approved by shareholders at a general meeting held 11 September 2015. Refer to ASX announcement of 11 September 2015 re Results of Meeting.
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Additional information for inclusion in the Announcement Summary
Notice of Meeting, Explanatory Statement and Proxy Form lodged on ASX platform on 11 August 2015.