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MPR AUSTRALIA LIMITED — Capital/Financing Update 2018
Dec 18, 2018
65367_rns_2018-12-18_1f359c85-3119-464b-abb5-320de256f158.pdf
Capital/Financing Update
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NOTICE OF CHANGE OF EXERCISE PRICE OF OPTIONS PURSUANT TO LISTING RULE 3.11.2
Sydney – 19 December 2018 – Tag Pacific Limited (ASX: TAG)
Tag Pacific Limited (" Tag Pacific ") has made a non-renounceable pro rata rights offer (" Offer ") to Tag Pacific shareholders to acquire 2 new fully paid ordinary shares (" New Shares ") for every 5 ordinary shares held at 7.00 pm (Sydney time) on 4 December 2018 at a price of 5.2 cents per New Share.
Unquoted Options
Tag Pacific has 3,105,000 options (" Unquoted Options ") on issue to executives under the Tag Pacific Executive Share Option Plan. Each Unquoted Option entitles the holder to subscribe for one fully paid ordinary share in Tag Pacific. The Unquoted Options are not quoted on the ASX.
In consequence of the Offer, the exercise price of the Unquoted Options will change with effect upon issue of the New Shares under the Offer (expected to be 25 January 2019) as follows:
| ollows: | ||||
|---|---|---|---|---|
| Issue Date of | Number of | Old Exercise | New Exercise | Expiry Date of |
| Unquoted Options | Unquoted | Price (A$) | Price (A$) | Unquoted |
| Options | Options | |||
| 2 December 2016 | 541,500 | $0.0700 | $0.0678 | 31 May 2019 |
| 2 December 2016 | 541,500 | $0.0700 | $0.0678 | 31 May 2020 |
| 2 December 2016 | 722,000 | $0.0700 | $0.0678 | 31 May 2021 |
| 31 January 2018 | 390,000 | $0.1000 | $0.0978 | 31 May 2019 |
| 31 January 2018 | 390,000 | $0.1000 | $0.0978 | 31 May 2020 |
| 31 January 2018 | 520,000 | $0.1000 | $0.0978 | 31 May 2021 |
ENDS
For further information please contact:
Darrell Godin Company Secretary Tag Pacific Limited T: +61 2 8275 6000
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