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EVOLUTION MINING LIMITED — Regulatory Filings 2017
Mar 23, 2017
64885_rns_2017-03-23_299db1de-8195-4670-8d35-e0e154220722.pdf
Regulatory Filings
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ABN 74 084 669 036 Sydney Office
24 March 2017
The Manager Market Announcements Office ASX Limited Level 4, Exchange Centre 20 Bridge Street Sydney NSW 2000
P +61 2 9696 2900 F +61 2 9696 2901
Level 30 175 Liverpool Street Sydney NSW 2022
www.evolutionmining.com.au
Dear Sir / Madam
Evolution Mining Limited (ASX Code: EVN) – Notice of Equity Derivative Transaction
We attach a notice received from La Mancha Group International BV (La Mancha) containing details of the equity derivative transaction entered into with Citigroup Global Markets Limited on 23 March 2017.
Yours sincerely
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________ Evan Elstein Company Secretary Evolution Mining Limited
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LA MANCHA GROUP INTERNATIONAL B.V.
A private limited liability company organized under the laws of the Netherlands with a share capital of € 18,000 Registered office : Prins Bernhardplein 200 1097 JB Amsterdam, The Netherlands Registration number 55617786 www.lamancha.com
Mr Evan Elstein Company Secretary Evolution Mining Limited Level 30, 175 Liverpool Street SYDNEY NSW 2000
23 March 2017
Dear Sir
Evolution Mining Limited equity derivatives – disclosure
Pursuant to Takeovers Panel Guidance Note 20, we attach details of an equity derivative transaction entered into by La Mancha Group International B.V.
Yours faithfully
Amr El Adawy Director
La Mancha Group International B.V.
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LA MANCHA GROUP INTERNATIONAL B.V. A private limited liability company organized under the laws of the Netherlands with a share capital of € 18,000 Registered office : Prins Bernhardplein 200 1097 JB Amsterdam, The Netherlands Registration number 55617786 www.lamancha.com
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Market Announcement
La Mancha Group International B.V. ( La Mancha ) advises that it has entered into a stock lending arrangement with Citigroup Global Markets Limited ( Citigroup ) under which it has lent Citigroup 123,852,934 shares in Evolution Mining Limited ( Evolution ) as part of an equity derivative collar financing arrangement with Citigroup(the Collar Financing ). At the end of the Collar Financing, Citigroup is obliged to return the shares which it has borrowed to La Mancha.
La Mancha notes that in order to establish a financial hedge position in connection with the Collar Financing, Citigroup completed a successful bookbuild sale of 87.4 million Evolution shares after market close on 23 March 2017. The shares were sold at $2.00 per share. La Mancha has been advised by Citigroup that the shares were purchased by large institutional investors, including a number of supportive Evolution shareholders.
La Mancha wishes to advise that:
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1 It remains supportive and committed as a long-term shareholder of Evolution;
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2 This is purely a financing transaction for La Mancha and was structured to create additional liquidity while maintaining a very high level of exposure to Evolution through its shareholding; and
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3 The funds generated are required to finance ongoing investment opportunities for La Mancha.
In commenting on the transaction, Mr Naguib Sawiris said:
"La Mancha has been very pleased with its investment in Evolution and we remain both a committed shareholder and supporter of Evolution’s growth into a leading, mid-tier gold producer. This financing transaction simply reflects a requirement to finance ongoing investment opportunities for La Mancha."
Attached at Annexure A hereto are key details of the Derivative Financing pursuant to Takeovers Panel Guidance Note 20.
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LA MANCHA GROUP INTERNATIONAL B.V.
A private limited liability company organized under the laws of the Netherlands with a share capital of € 18,000 Registered office : Prins Bernhardplein 200 1097 JB Amsterdam, The Netherlands Registration number 55617786 www.lamancha.com
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Annexure A
This is Annexure A of 6 pages.
1 Identity of taker
Name: La Mancha Group International B.V. (incorporated in the Netherlands, trade register number 55617786) ( LMGI )
This notice is also given by LMGI on behalf of its associates being each entity listed in Schedule 1 ( La Mancha Group ).
2 Details of equity derivative transaction
| Holder of interest |
Relevant Security |
Price (AUD) | Price (AUD) | Entry Date |
Number of securities |
Type of derivative |
|---|---|---|---|---|---|---|
| LMGI | EVN | Initial Reference Price |
In respect of tranches 1 – 30 under the Derivative Financing: A$2.0122 In respect of tranches 31 – 230 under the Derivative Financing: A$2.00 |
23 March 2017 |
123,852,934 | Cash settled put option, of which LMGI is option taker. |
| Put Option Strike Price |
In respect of tranches 1 – 30 under the Derivative Financing: an amount equal to 95% of the Initial Reference Price. In respect of tranches 31 – 230 under the Derivative Financing: an amount equal to 100% of the Initial Reference Price. |
|||||
| Settlement Price |
The volume-weighted average price for EVN shares on the Australian Securities Exchange on each applicable “Valuation Date” (as defined pursuant to the Derivative Financing) forthe period between |
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A private limited liability company organized under the laws of the Netherlands with a share capital of € 18,000 Registered office : Prins Bernhardplein 200 1097 JB Amsterdam, The Netherlands Registration number 55617786 www.lamancha.com
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LA MANCHA GROUP INTERNATIONAL B.V.
| Holder of interest |
Relevant Security |
Price (AUD) | Price (AUD) | Entry Date |
Number of securities |
Type of derivative |
|---|---|---|---|---|---|---|
| 10.00am and 4.15pm (or such later time as the Australian Securities Exchange may set the closing rotation). |
||||||
| LMGI | EVN | Initial Reference Price |
In respect of tranches 1 – 30 under the Derivative Financing: A$2.0122 In respect of tranches 31 – 230 under the Derivative Financing: A$2.00 |
23 March 2017 |
123,852,934 | Cash settled call option, of which LMGI is option writer. |
| Call Option Strike Price |
In respect of tranches 1 – 30 under the Derivative Financing an amount equal to 130% of the Initial Reference Price. In respect of tranches 31 – 230 under the Derivative Financing an amount equal to 150% of the Initial Reference Price. |
|||||
| Settlement Price |
The volume-weighted average price for EVN shares on the Australian Securities Exchange on each applicable “Valuation Date” (as defined pursuant to the Derivative Financing) for the period between 10.00am and 4.15pm (or such later time as the Australian Securities Exchange may set the closing rotation). |
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LA MANCHA GROUP INTERNATIONAL B.V.
A private limited liability company organized under the laws of the Netherlands with a share capital of € 18,000 Registered office : Prins Bernhardplein 200 1097 JB Amsterdam, The Netherlands Registration number 55617786 www.lamancha.com
Schedule 1
This is Schedule 1 of 5 pages.
| Party/entity name | Country | ACN (if applicable) |
|---|---|---|
| Marchmont Limited | Cayman Islands | |
| Mocsaro Holding SARL | Luxembourg | |
| Oil Technology LLC | USA | |
| Texegy LLC | USA | |
| New Egypt Investments Holdings SARL | Luxembourg | |
| New Egypt Holdings BV | The Netherlands | |
| Marchco Holding Limited | Cayman Islands | |
| Orascom TMT Investments SARL | Luxembourg | |
| OTMT Malta Investments 1 Limited | Malta | |
| OTMT Acquisition SARL | Luxembourg | |
| OTMT Acquisition II SARL | Luxembourg | |
| Arianne Investments SARL | Luxembourg | |
| OTMT Finance Investments limited | Malta | |
| Weather II SP I Limited | Cayman Islands | |
| Weather II SP II Limited | Cayman Islands | |
| Tango SP 1 SARL | Luxembourg | |
| ltNet Srl | Italy | |
| Mix Srl | Italy | |
| ltaliaOnLine SPA | Italy | |
| Gold 5 Srl | Italy | |
| MOQU ADV Srl | Italy | |
| MOQU Adv Ireland | Ireland | |
| WIS Telecom SPA | Italy | |
| WIS Telecom SA | Belgium | |
| DADA SPA | Italy | |
| Clarence Srl | Italy | |
| Register.it SPA | Italy | |
| Nominalia Internet SL | Spain | |
| Agence des Medias Numeriques SAS | France | |
| Namesco Limited | UK |
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LA MANCHA GROUP INTERNATIONAL B.V.
A private limited liability company organized under the laws of the Netherlands with a share capital of € 18,000 Registered office : Prins Bernhardplein 200 1097 JB Amsterdam, The Netherlands Registration number 55617786 www.lamancha.com
| Party/entity name | Country | ACN (if applicable) |
|---|---|---|
| Namesco Inc | USA | |
| Namesco Ireland | Ireland | |
| Pounhost Internet ltd | UK | |
| Simply.com Limited | UK | |
| Simply Virtual Server Limited | UK | |
| Simply Transit ltd | UK | |
| NDO Limited | UK | |
| Amen Limited | UK | |
| Amen Nederland BV | The Netherlands | |
| Amenworld-Servicos Internet, Sociedade Unipessoal Lda |
Portugal | |
| Fueps SPA | Italy | |
| Joyent Inc. | USA (Delaware) | |
| Joyent International Inc | USA (Delaware) | |
| Joyent Ltd | UK | |
| Joyent Canada Inc | Canada | |
| Joyent International Europe, Middle East and Africa Sarl |
Switzerland | |
| Node.js, LLC | USA | |
| lntY Holdings Limited | UK | |
| lntY Limited | UK | |
| lnTY USA Inc | USA | |
| Accelero Capital Holdings SARL | Luxembourg | |
| Accelero Capital Holdings Cooperatief U.A. | The Netherlands | |
| Accelero Capital Egypt LLC | Egypt | |
| Accelero Capital Service Europe | France | |
| Accelero Capital Investments Management Campanv Limited |
Cayman Islands | |
| Accelero Capital Management Company Limited | Jersey | |
| Accelero Capital Investments Holdings SARL | Luxembourg | |
| Red Jasper inc | Canada | |
| A15 Investments SARL | Luxembourg | |
| A15 Fund LP | Cayman Islands | |
| A15 GP | Cayman Islands | |
| A15 Cooperatief U.A. | The Netherlands | |
| A15 Holding Netherlands BV (2) | The Netherlands |
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LA MANCHA GROUP INTERNATIONAL B.V.
A private limited liability company organized under the laws of the Netherlands with a share capital of € 18,000 Registered office : Prins Bernhardplein 200 1097 JB Amsterdam, The Netherlands Registration number 55617786 www.lamancha.com
| Party/entity name | Country | ACN (if applicable) |
|---|---|---|
| The Arabian LinkdotNet KSA | Saudi Arabia | |
| LinkdotNet FZ LLC | UAE | |
| Genart Medya | Turkey | |
| LinkdotNet AbuDhabi LLC | UAE | |
| Link Online SAE | Egypt | |
| Dare'n Deal | Egypt | |
| Arab Finance for Securities | Egypt | |
| Link For Programs Development SAE | Egypt | |
| Link For Domain Registrations SAE | Egypt | |
| Connect Ads For Advertising & Software | Egypt | |
| LinkDotNet Qatar | Qatar | |
| OT lob.com for restauration reservation services SAE |
Egypt | |
| E7gezly SAE | Egypt | |
| ARPU For telecommunication Services Company SAE |
Egypt | |
| Call Pak | Pakistan | |
| Arab Call Group Ltd | BVI | |
| Palestine Call | Palestine | |
| Egypt Call Communications SAE | Egypt | |
| Rosten Investments ltd | Morocco | |
| Global Telecom SAE | Egypt | |
| Mobi Zone Canada Inc | Canada | |
| Mobi Zone Pakistan (Pvt) Ltd | Pakistan | |
| Mobi Zone FZ LLC | UAE | |
| Mobi Zone Saudi Arabia | Saudi Arabia | |
| Mobi Zone Italy | Italy | |
| Mobi Zone Algeria Ltd | Algeria | |
| Mobi Zone Bangladesh | Bangladesh | |
| Mobi Zone Tunis | Tunisia | |
| ACDC Fund LP | Cayman Islands | |
| ACDC GP | Cayman Islands | |
| ACDC Holdings SARL | Luxembourg | |
| Supernap International SA | Luxembourg | |
| 9161520 Canada Inc | Canada | |
| Supernap ltalia Sri | Italy |
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LA MANCHA GROUP INTERNATIONAL B.V.
A private limited liability company organized under the laws of the Netherlands with a share capital of € 18,000 Registered office : Prins Bernhardplein 200 1097 JB Amsterdam, The Netherlands Registration number 55617786 www.lamancha.com
| Party/entity name | Country | ACN (if applicable) |
|---|---|---|
| Supernap (Thailand) Company Limited | Thailand | |
| Orascom Telecom Media and Technology Holding SAE |
Egypt | |
| Middle East and North Africa fir Sea Cables | Egypt (Free zone II) | |
| Societa' del Medioriente & Nord Africa per i Cavi Marittimi Srl |
Italy | |
| Trans World Associates (Ptv) Ltd | Pakistan | |
| TES Media (Private) Limited | Pakistan | |
| Trans World Enterprise Services (Private) Limited | Pakistan | |
| Trans World Infrastructure Services (Private) Limited |
Pakistan | |
| Egyptian Company for Mobile Services SAE | Egypt | |
| MT Telecom SCRL | Belgium | |
| Egyptian Company for Mobile Towers Services SAE | Egypt | |
| Mobinil Services SAE | Egypt | |
| Mobinil For Importing SAE | Egypt | |
| Link Egypt for Trading and Services SAE | Egypt | |
| LinkDotNet SAE | Egypt | |
| Link One SAE | Egypt | |
| CHEO Technology JV Company | DPKR | |
| Orascom Telecom Ventures SAE | Egypt | |
| Orascom Telecom Lebanon SAL | Lebanon | |
| Oracap Holding Co. | Port Tawfic Free Zone (Egypt) |
|
| Oracap Far East Limited | Malta | |
| Orabank NK Ltd | DPKR | |
| Datatec | Egypt | |
| Envision Investments SAE | Egypt | |
| Smart Village (ECDMIV) | Egypt | |
| Into Development The Egyptian for Software Company (ECP) |
Egypt | |
| La Mancha Holding SARL | Luxembourg | |
| La Mancha International GEC SARL | Luxembourg | |
| La Mancha Services France Sas | France | |
| La Mancha Precious Metals SA | Luxembourg | |
| La Mancha Group International B.V. | The Netherlands | |
| La Mancha Capital B.V. | The Netherlands |
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LA MANCHA GROUP INTERNATIONAL B.V.
A private limited liability company organized under the laws of the Netherlands with a share capital of € 18,000 Registered office : Prins Bernhardplein 200 1097 JB Amsterdam, The Netherlands Registration number 55617786 www.lamancha.com
| Party/entity name | Country | ACN (if applicable) |
|---|---|---|
| La Mancha Africa SARL | Luxembourg | |
| La Mancha Mali | Mali | |
| La Mancha Amalco Holdings Pty Ltd | Australia | 163 023 498 |
| Minera Patagonia SA | Argentina | |
| COMINOR SAS | France | |
| SMI | Cote d'lvoire | |
| La Mancha Cote d'lvoire | Cote d'lvoire | |
| AMC | Sudan | |
| La Mancha Sudanese Mining Co Ltd | Sudan | |
| Société des Mines d'lty | Ivory Coast | |
| March Fund Holdings | Cayman Islands | |
| March GP | Cayman Islands | |
| March Fund LP | Cayman Islands | |
| The Midmarch Trust | Jersey | |
| March Adviser | Cayman Islands | |
| March Adviser LP | Cayman Islands | |
| March VC Holding | Cayman Islands | |
| March VC LP | Cayman Islands | |
| March VC LLC | USA (Delaware) | |
| March CP Limited | Cayman Islands | |
| March CP Holdings LP | Cayman Islands | |
| Caherciveen Partners LLC | USA | |
| March Capital Investment SARL | Luxembourg | |
| OTMT Malta Investments DWC Ltd | Malta | |
| OTMT Malta Investments Monreith Ltd | Malta | |
| OTMT Malta Investments FE Ltd | Malta |
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