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BPH ENERGY LTD — Share Issue/Capital Change 2020
Apr 7, 2020
64555_rns_2020-04-07_f2ee220c-6263-4d09-a34c-406e8b083013.pdf
Share Issue/Capital Change
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8 April 2020
Company Announcements ASX Limited 10[th] Floor, 20 Bridge Street Sydney NSW 2000
Dear Sir,
BPH ENERGY LIMITED SHARE CONSOLIDATION
The Company is pleased to announce that it has completed the consolidation of its issued capital on a one (1) for ten (10) basis (the Consolidation ), and letters and holding statements to advise security holders of their holdings on a post-consolidation basis have been dispatched.
The Consolidation was approved by shareholders at the General Meeting of the Company held on 27 March 2020. As a result of the Consolidation, the post consolidation securities in the Company are as follows:
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The total number of fully paid ordinary shares on issue has been reduced from 3,341,463,202 shares to 334,146,072 fully paid ordinary shares.
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The share options have been similarly consolidated on a one (1) for one ten (10) basis with the relevant exercise price for the options amended in inverse proportion to the consolidation ratio. Tables showing the effect of the consolidation on the number and exercise price of the options are set out below.
Options – Pre-Consolidation
| Terms | Number |
|---|---|
| Exercise price $0.02, expiring 31 March 2020 | 9,795,000 |
| Exercise price $0.02, expiring 30November 2020 | 2,000,000 |
| Exercise price $0.02, expiring 30 November 2021 | 2,000,000 |
| Exercise price $0.02, expiring 30 November 2022 | 4,000,000 |
| Exercise price $0.002, expiring 20 June 2024 | 30,000,000 |
| Exercise price $0.002, expiring 9 August 2024 | 20,000,000 |
| Exercise price $0.002, expiring 30November 2024 | 12,000,000 |
| Total | 79,795,000 |
Options – Post Consolidation
| Terms | Number |
|---|---|
| Exercise price $0.20, expiring 31 March 2020 | Expired |
| Exercise price $0.20, expiring 30 November 2020 | 200,000 |
| Exercise price $0.20, expiring 30 November 2021 | 200,000 |
| Exercise price $0.20, expiring 30November 2022 | 400,000 |
| Exercise price $0.02, expiring 20 June 2024 | 3,000,000 |
| Exercise price $0.02, expiring 9August 2024 | 2,000,000 |
| Exercise price $0.02, expiring 30 November 2024 | 1,200,000 |
| Total | 7,000,000 |
Normal trading in the consolidated shares will commence on 9 April 2020.
Authorised by
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David Breeze Executive Director