SALE OF SHARES BY CHAIRMAN
Northern Star Resources Limited (ASX: NST) advises that Chairman Chris Rowe has sold 1,512,590 shares in the Company, reducing his holding to 2,900,000 shares.
Mr Rowe advised the Northern Star Board that he sold the shares as part of his personal financial estate planning due to recent health concerns. The decision was made to sell the shares late in December 2014 however due to trading blackouts and restrictions Mr Rowe had been unable to transact.
Mr Rowe has been Chairman of Northern Star since 2003, leading the Company's growth from a junior exploration company to its current status as the second-biggest ASX-listed gold producer with a market capitalisation of
$1.4 billion.
ASX ANNOUNCEMENT
7 April 2015
Australian Securities
Exchange Code: NST
Board of Directors
Mr Chris Rowe
Non-Executive Chairman
Mr Bill Beament
Managing Director
Mr Peter O'Connor
Non-Executive Director
Mr John Fitzgerald
Non-Executive Director
Ms Liza Carpene
Company Secretary
Issued Capital Shares 592.7 million Options 2.9 million
Current Share Price A$2.35
Market Capitalisation
A$1.39 billion
Cash and Cash Equivalents
31 Dec 2014 - A$119.1 million
Level 1, 388 Hay St
Subiaco WA 6008
T +6 8 6188 2100
F +6 8 6188 2111
E [email protected]
www.nsrltd.com
ABN: 43 092 832 892
"Northern Star is in an outstanding position in every respect," he said. "The Company is enjoying extremely strong cashflow from its expanded asset base, it has negligible bank debt and is one of the few ASX-listed gold miners which pays regular dividends.
"I look forward to Northern Star continuing to generate strong Shareholder returns through both low-cost production and aggressive exploration."
Yours faithfully
BILL BEAMENT Managing Director
Northern Star Resources Limited
Investor Enquiries:
Luke Gleeson, Investor Relations, Northern Star Resources Limited
T: +61 8 6188 2103
E: [email protected]
Forward Looking Statements
Northern Star Resources Limited has prepared this announcement based on information available to it. No representation or warranty, express or implied, is made as to the fairness, accuracy, completeness or correctness of the information, opinions and conclusions contained in this announcement. To the maximum extent permitted by law, none of Northern Star Resources Limited, its directors, employees or agents, advisers, nor any other person accepts any liability, including, without limitatio n, any liability arising from fault or negligence on the part of any of them or any other person, for any loss arising from the use of this announcement or its contents or otherwise arising in connection with it.
This announcement is not an offer, invitation, solicitation or other recommendation with respect to the subscription for, purchase or sale of any security, and neither this announcement nor anything in it shall form the basis of any contract or commitment whatsoever. This announcement may contain forward looking statements that are subject to risk factors associated with gold exploration, mining and production businesses. It is believed that the expectations reflected in these statements are reasonable but they may be affected by a variety of variables and changes in underlying assumptions which could cause actual results or trends to differ materially, including but not limited to price fluctuations, actual demand, currency fluctuations, drilling and production results, reserve estimations, loss of market, industry competition, environmental risks, physical risks, legislative, fiscal and regulatory changes, economic and financial market conditions in various countries and regions, political risks, project delay or advancement, approvals and cost estimates.
Page 1 of 1
Appendix 3Y
Change of Director's Interest Notice
Appendix 3Y
Change of Director's Interest Notice
Rule 3.19A.2
Information or documents not available now must be given to ASX as soon as available. Information and documents given to ASX become ASX's property and may be made public.
Introduced 30/09/01 Amended 01/01/11
Name of entity NORTHERN STAR RESOURCES LTD
ABN 43 092 832 892
We (the entity) give ASX the following information under listing rule 3.19A.2 and as agent for the director for the purposes of section 205G of the Corporations Act.
|
Name of Director
|
CHRISTOPHER KENNETH GEORGE ROWE
|
|
Date of last notice
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13 March 2014
|
|
Date of this notice
|
7 April 2015
|
Part 1 - Change of director's relevant interests in securities
In the case of a trust, this includes interests in the trust made available by the responsible entity of the trust
Note: In the case of a company, interests which come within paragraph (i) of the definition of "notifiable interest of a director" should be disclosed in this part.
|
Direct or indirect interest
|
a) Direct b) Indirect
|
|
Nature of indirect interest
(including registered holder)
Note: Provide details of the circumstances giving rise to the relevant interest.
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b) Little Breton Nominees Pty Ltd - a holding of which the director is a beneficiary
|
|
Date of change
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27 and 30 March 2015
|
|
No. of securities held prior to change
|
Refer to attached schedule
|
|
Class
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b) Ordinary fully paid shares (NST)
|
|
Number acquired
|
Refer to attached schedule
|
|
Number disposed
|
1,512,590
|
|
Value/Consideration
Note: If consideration is non-cash, provide details and estimated valuation
|
$2.336 per share (average)
|
|
No. of securities held after change
|
a) 1,500,000 b) 1,400,000
|
|
Nature of change
Example: on-market trade, off-market trade, exercise of options, issue of securities under dividend reinvestment plan,
participation in buy-back
|
On-market trade
|
+ See chapter 19 for defined terms.
01/01/2011 Appendix 3Y Page 1
Appendix 3Y
Change of Director's Interest Notice
Part 2 - Change of director's interests in contracts
Note: In the case of a company, interests which come within paragraph (ii) of the definition of "notifiable interest of a director" should be disclosed in this part.
|
Detail of contract
|
N/A
|
|
Nature of interest
|
|
Name of registered holder
(if issued securities)
|
|
Date of change
|
|
No. and class of securities to which interest related prior to change
Note: Details are only required for a contract in
relation to which the interest has changed
|
|
Interest acquired
|
|
Interest disposed
|
|
Value/Consideration
Note: If consideration is non-cash, provide details and an estimated valuation
|
|
Interest after change
|
Part 3 - +Closed period
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Were the interests in the securities or contracts detailed above traded during a +closed period where prior written clearance was required?
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No
|
|
If so, was prior written clearance provided to allow the trade to proceed during this period?
|
|
If prior written clearance was provided, on what date was this provided?
|
Schedule of director's interests - Christopher Kenneth George Rowe
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Securities, date and nature of change
|
Consideration
|
Christopher Kenneth George Rowe
|
Little Breton Nominees Pty Ltd
|
|
Ordinary fully paid (NST)
|
|
Holding prior to change
|
1,500,000
|
2,912,590
|
|
On Market Sale
|
$3,533,554
|
-
|
1,512,590
|
|
Holding after change
|
1,500,000
|
1,400,000
|
Issued: 7 April 2015
+ See chapter 19 for defined terms.
Appendix 3Y Page 2 01/01/2011