Gilbert + Tobin
Retail Entitlement Offer Booklet
Syrah Resources Limited ACN 125 242 284
4 for 19 accelerated renounceable entitlement offer of fully paid ordinary shares at an offer price of $3.25 per new share
Retail Entitlement Offer closes at 5.00pm (AEST) on Friday, 21 August 2015
NOT FOR DISTRIBUTION OR RELEASE IN THE UNITED STATES
This is an important document which is accompanied by a personalised Entitlement and Acceptance Form and both should be read in their entirety.
If you have any questions, please contact your professional adviser or call Syrah on +61 3 9670 7264 at any time between 8:30am and 5:30pm (AEST) on Monday to Friday during the Retail Entitlement Offer Period.
Contents
Important notices 1
Letter from the Chairman 3
Key dates for the Retail Entitlement Offer 5
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Overview of the Entitlement Offer 6
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How to apply 9
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ASX Announcements and Investor Presentation 15
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Important information 55
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Glossary 63
Corporate Directory 66
Important notices
The Retail Entitlement Offer is being made pursuant to the requirements of section 708AA of the Corporations Act as modified by ASIC Class Order [08/35]. Accordingly, neither this Offer Booklet nor the Entitlement and Acceptance Form are required to be lodged or registered with ASIC and no prospectus for the Retail Entitlement Offer will be prepared. These documents do not contain, or purport to contain, all of the information that a prospective investor may require in evaluating an investment in Syrah, nor do they contain all the information which would be required to be disclosed in a prospectus.
Future performance and forward looking statements
Neither Syrah nor any other person warrants or guarantees the future performance of the New Shares or any return on any investment made pursuant to the Entitlement Offer. This Offer Booklet contains certain forward looking statements. Forward looking statements can generally be identified by the use of forward looking words such as 'anticipate', 'believe', 'expect', 'project', 'forecast', 'estimate', 'likely', 'intend', 'should', 'will', 'could', 'may', 'target', 'plan' and other similar expressions. Indications of, and guidance or outlook on, future earnings, distributions or financial position or performance are also forward looking statements. The forward looking statements contained in this Offer Booklet involve known and unknown risks and uncertainties and other factors, many of which are beyond the control of Syrah, and may involve significant elements of subjective judgement and assumptions as to future events which may or may not be correct.
Forward looking statements may also be based on estimates and assumptions which are subject to change. Actual results, performance or achievements may vary materially for many projections because events and actual circumstances frequently do not occur as forecast and these differences may be material. These statements may assume the success of Syrah's business strategies. The success of any of these strategies is subject to uncertainties and contingencies beyond Syrah's control (including uncertainties described in the 'Key Risks' section of the Investor Presentation, as set out in Section 3), and no assurance can be given that any of the strategies will be effective or that the anticipated benefits from the strategies will be realised in the period for which the forward looking statements may have been prepared or otherwise. Readers are cautioned not to place undue reliance on forward looking statements and, except as required by law, Syrah assumes no obligation to update or revise such information to reflect any change in expectations or assumptions. The inclusion of the forward looking statements in this Offer Booklet should not be regarded as a representation, warranty or guarantee with respect to their accuracy or the accuracy of the underlying assumptions or that Syrah will achieve, or is likely to achieve, any particular results.
Past performance
Investors should note that the past share price performance of Syrah provides no guarantee or guidance as to future share price performance. Past performance information included in this Offer Booklet is provided for illustrative purposes only and should not be relied upon as (and is not) an indication of future performance. The historical information in this Offer Booklet is, or is based upon, information that has been released to the market. For further information, please see past announcements released to ASX.
Jurisdictions
This Offer Booklet, and any accompanying ASX Announcements and Investor Presentation and the Entitlement and Acceptance Form do not constitute an offer to sell, or the solicitation of an offer to buy, any securities in the United States or to any person acting for the account or benefit of any person in the United States. None of this Offer Booklet, the accompanying ASX announcements and Investor Presentation, nor the Entitlement and Acceptance Form may be distributed or released in the United States. The Entitlements and the New Shares offered in the Entitlement Offer have not been and will not be registered under the Securities Act or the securities laws of any state or other jurisdiction of the United States and may not be offered or sold, directly or indirectly, in the United States or to any person acting for the account or benefit of any person in the United States, unless such Entitlements or New Shares have been registered under the Securities Act or are offered and sold in a transaction exempt from, or not subject to, the registration requirements of the Securities Act and any other applicable securities laws of any state or other jurisdiction in the United States. The Entitlements and the New Shares to be offered and sold to Eligible Retail
Shareholders (as defined in Section 2.4) in the Retail Entitlement Offer may only be offered and sold outside the United States in 'offshore transactions' (as defined in Rule 902(h) under the Securities Act) in reliance on Regulation S under the Securities Act.
NOT FOR DISTRIBUTION OR RELEASE IN THE UNITED STATES.
Trading of New Shares
Syrah and the Underwriter will have no responsibility and disclaim all liability (to the maximum extent permitted by law) to persons who trade New Shares they believe will be issued to them before they receive their holding statements, whether on the basis of confirmation of the allocation provided by Syrah or the Registry or otherwise.
If you are in any doubt as to these matters, you should first consult with your stockbroker, accountant or other independent professional adviser.
Defined terms
A number of defined terms are used in this Offer Booklet (including in these important notices). These terms have the meaning given to them in the Glossary in Section 5.