dcf98975-05de-4ee1-8640-2894c470bcde.pdf
26 November 2015
Hayden Guthrie
Adviser, Listings Compliance (Sydney) Australian Stock Exchange
PO Box H224
Australia Square NSW 1215
Dear Hayden,
LYNAS CORPORATION LIMITED - PRICE QUERY
In reply to your letter dated 26 November 2015, we answer your questions (using the same numbers) as follows:
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The Company is not aware of any information concerning it that has not been announced which, if known by some in the market, could explain the recent trading in its securities.
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Not applicable.
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The Company is not aware of any other explanation for recent trading in its securities.
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The Company confirms that it is in compliance with the listing rules and, in particular, listing rule 3.1.
Yours sincerely,
Andrew Arnold Company Secretary
Lynas Corporation HQ
PT17212 Jalan Gebeng 3, Kawasan Perindustrian Gebeng, 26080 Kuantan, Pahang Darul Makmur, Malaysia Tel: +60 9 582 5200 +60 9 582 5800
Fax: +60 9 582 5291 +60 9 582 5292
www.lynascorp.com
26 November 2015
Mr Andrew Arnold
General Counsel and Company Secretary Lynas Corporation Limited
Level 7, 56 Pitt Street
Sydney NSW 2000
By email: [email protected]
Dear Mr Arnold,
PRICE QUERY - LYNAS CORPORATION LIMITED (COMPANY)
We have noted a change in the price of the Company's securities over the last five trading days from $0.087 to a high of $0.13 at the time of writing today, 26 November 2015.
In light of the price increase and increase in volume, ASX Limited (ASX) asks you to respond separately to each of the following questions.
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Is the Company aware of any information concerning it that has not been announced to the market which, if known by some in the market, could explain the recent trading in its securities?
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If the answer to question 1 is 'yes':
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Is the Company relying on Listing Rule 3.1A not to announce that information under Listing Rule 3.1?
Please note that the recent trading in the Company's securities would suggest to ASX that such information may have ceased to be confidential and therefore the Company may no longer be able to rely on Listing Rule 3.1A. Accordingly, if the answer to this question is 'yes', you need to contact us immediately to discuss the situation.
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Can an announcement be made immediately?
Please note, if the answer to this question is 'no', you need to contact us immediately to discuss requesting a trading halt (see below).
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If an announcement cannot be made immediately, why not and when is it expected that an announcemant will be made?
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If the answer to question 1 is 'no', is there any other explanation that the Company may have for the recent trading in its securities?
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Please confirm that the Company is in compliance with the Listing Rules and, in particular, Listing Rule 3.1.
ASX Compliance Pty Limited
ABN 26 087 780 489
20 Bridge Street
Sydney NSW 2000
www.asx.com.au Customer service 13 12 79
When and where to send your response
This request is made under, and in accordance with, Listing Rule 18.7. Your response is required as soon as reasonably possible and, in any event, by not later than 2.00pm today, Thursday 26 November 2015. If we do not have your response by then, ASX will have no choice but to consider suspending trading in the Company's securities under Listing Rule 17.3.
You should note that if the information requested by this letter is information required to be given to ASX under Listing Rule 3.1 and it does not fall within the exceptions mentioned in Listing Rule 3.1A, the Company's obligation is to disclose the information 'immediately'. This may require the information to be disclosed before the deadline set out in the previous paragraph.
ASX reserves the right to release a copy of this letter and your response on the ASX Market Announcements Platform under Listing Rule 18.7A. Accordingly, your response should be in a form suitable for release to the market.
Your response should be sent to me by e-mail or by facsimile to (02) 9241 7620. It should not be sent directly to the ASX Market Announcements Office. This is to allow me to review your response to confirm that it is in a form appropriate for release to the market, before it is published on the ASX Market Announcements Platform.
Listing Rule 3.1
Listing Rule 3.1 requires a listed entity to give ASX immediately any information concerning it that a reasonable person would expect to have a material effect on the price or value of the entity's securities. Exceptions to this requirement are set out in Listing Rule 3.1A.
The obligation of the Company to disclose information under Listing Rules 3.1 and 3.1A is not confined to, nor is it necessarily satisfied by, answering the questions set out in this letter.
In responding to this letter, you should have regard to the Company's obligations under Listing Rules 3.1 and 3.1A and also to Guidance Note 8 Continuous Disclosure: Listing Rules 3.1 - 3.1B.
Trading halt
If you are unable to respond to this letter by the time specified above, or if the answer to question 1 is 'yes' and an announcement cannot be made immediately, you should discuss with us whether it is appropriate to request a trading halt in the Company's securities under Listing Rule 17.1.
If you wish to request a trading halt, you must tell us:
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the reasons for the trading halt;
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how long you want the trading halt to last;
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the event you expect to happen that will end the trading halt;
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that you are not aware of any reason why the trading halt should not be granted; and
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any other information necessary to inform the market about the trading halt, or that we ask for.
We may require the request for a trading halt to be in writing. The trading halt cannot extend past the commencement of normal trading on the second day after the day on which it is granted.
You can find further information about trading halts in Guidance Note 16 Trading Halts & Voluntary Suspensions.
Further enquiries
If you have any questions in relation to the above, please do not hesitate to contact me.
Yours sincerely,
(sent electronically without signature)
Hayden Guthrie
Adviser, Listings Compliance (Sydney)