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JATCORP LIMITED — Share Issue/Capital Change 2021
Mar 18, 2021
65154_rns_2021-03-18_4b786d83-b553-4435-81c6-9ad2fa6c1e3a.pdf
Share Issue/Capital Change
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JAT is a specialist in Australia-China trade, focused on growth within the Australian health and wellness consumer goods export industry.
19 March 2021
ASX ANNOUNCEMENT
Cancellation of Shares
At the Annual General Meeting ( AGM ) of Jatcorp Limited ( JAT ) shareholders on 29 January 2021, a resolution was passed approving the cancellation of up to 3,861,900 ordinary shares in the Company. The shares had been issued in error in 2018.
A total of 1,720,000 of these ordinary shares have been bought back and cancelled since the AGM. The buy-back was completed for no consideration payable to the holders of the cancelled shares.
ASIC forms 484 in relation to the cancellation of the shares are attached.
There are a further 2,240,000 shares which were issued in error which continue to be held by shareholders who have not yet entered into buy-back agreements, despite not having paid for the shares and despite having been requested to enter into a buy-back agreement. All of those shares are subject to a holding lock, preventing the dealing with the shares. JAT will again request the shareholders who have not yet entered into a buy-back agreement to do so. JAT intends to file court proceedings against those shareholders to seek orders of an appropriate court to cancel those shares. Such proceedings may result in those shareholders incurring legal costs as a result.
This announcement is authorised by JAT’s Managing Director, Wilton Yao.
Wilton Yao Managing Director Ph: +61 3 9090 759
About Jatcorp Limited
Jatcorp Ltd (ASX: JAT) is a China-Australia trade specialist. The Company develops and markets a portfolio of in-house branded FMCGs, focusing on growth opportunities in dairy products.
JAT has positioned itself as a major player in the flourishing Australian consumer goods export industry, offering Chinese retail presence, online sales to Chinese consumers through offshore platforms, and high-volume wholesaling to daigou groups and other distribution channels.
JAT’s extensive network of Chinese business affiliations is a substantial source of opportunities, both for the company and for its Australian business partners.
Jatcorp Limited | ABN 31 122 826 242 Suite 306, 521 Toorak Road, Toorak VIC 3142 Phone 03 9090 7592 [email protected] | jatcorp.com
Australian Securities & Investments Commission
Electronic Lodgement
Document No. 7EBF73699
Lodgement date/time: 18-03-2021 16:15:08 Reference Id: 151803157
Form 484 Corporations Act 2001
Change to company details
Company details
Company name JATCORP LIMITED Australian Company Number (ACN) 122 826 242
Lodgement details
Who should ASIC contact if there is a query about this form?
Name Justyn Peter STEDWELL
Signature
This form must be signed by a current officeholder of the company.
I certify that the information in this form is true and complete Name
Justyn Peter STEDWELL Capacity Secretary Signature
Date signed 18-03-2021
ASIC Form 484 Ref 15180315718/03/2021
Page 1 of 2
Form 484 - Change to company details JATCORP LIMITEDACN122 826 242
C1 Cancellation of shares
Reason for cancellation
Shares cancellation details
Reason for cancellation
| ss.257H(3) Share buyback - Other buy-back | ss.257H(3) Share buyback - Other buy-back | |||
|---|---|---|---|---|
| type. A form 280 or 281 must be lodged at | ||||
| least 14 days, and no more than 1 year | before | |||
| the share buy-back can take place | ||||
| The cancelled shares | are listed below: | |||
| Share class code | Number of sharesAmount paid (cash | |||
| cancelledor otherwise) | ||||
| ORD | 15800000 | |||
| Earliest Date of | 18-03-2021 | |||
| cancellation |
C3 Change to share structure
The updated details for this changed share class are shown in the table below.
| Share classcode | Full title if not standard | Total number ofshares | Total amount paid onthese shares | Total amount unpaidon these shares |
|---|---|---|---|---|
| ORD | ORDINARY SHARES | 1337422459 | 71203271.59 | 0.00 |
| Earliest date ofchange18-03-2021 |
ASIC Form 484 Ref 15180315718/03/2021
Page 2 of 2
Australian Securities & Investments Commission
Electronic Lodgement
Document No. 7EBF76046
Lodgement date/time: 19-03-2021 12:05:00 Reference Id: 151832323
Form 484 Corporations Act 2001
Change to company details
Company details
Company name JATCORP LIMITED Australian Company Number (ACN) 122 826 242
Lodgement details
Who should ASIC contact if there is a query about this form?
Name Justyn Peter STEDWELL
Signature
This form must be signed by a current officeholder of the company.
I certify that the information in this form is true and complete Name
Justyn Peter STEDWELL Capacity Secretary Signature
Date signed 19-03-2021
ASIC Form 484 Ref 15183232319/03/2021
Page 1 of 2
Form 484 - Change to company details JATCORP LIMITEDACN122 826 242
C1 Cancellation of shares
Reason for cancellation
Shares cancellation details
| Shares cancellation details | Shares cancellation details | Shares cancellation details | Shares cancellation details |
|---|---|---|---|
| Reason for cancellationss.257H(3) Share buyback - Other buy-backtype. A form 280 or 281 must be lodged atleast 14 days, and no more than 1 year beforethe share buy-back can take placeThe cancelled shares are listed below: | |||
| Share class code | Number of sharescancelled | Amount paid (cashor otherwise) | |
| ORD | 140000 | 0 | |
| Earliest Date ofcancellation19-03-2021 |
C3 Change to share structure
The updated details for this changed share class are shown in the table below.
| Share classcode | Full title if not standard | Total number ofshares | Total amount paid onthese shares | Total amount unpaidon these shares |
|---|---|---|---|---|
| ORD | ORDINARY SHARES | 1337282459 | 71203271.59 | 0.00 |
| Earliest date ofchange19-03-2021 |
ASIC Form 484 Ref 15183232319/03/2021
Page 2 of 2