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QUANTUM GRAPHITE LIMITED — Capital/Financing Update 2015
May 20, 2015
65646_rns_2015-05-20_a6377df9-e2ed-436f-bf2b-889a1a4db94d.pdf
Capital/Financing Update
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ASIA PACIFIC I EUROPE I NORTH AMERICA
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ASX ANNOUNCEMENT
ASX: VXL & VXLO
21 May 2015
Renounceable Rights Issue – Revised Timetable
Valence Industries Ltd (ASX: VXL & VXLO) (“Valence” or “the Company”) has revised the indicative timetable for the Rights Issue. It is anticipated that the Company will lodge a Supplementary Prospectus and a revised Appendix 3B later today.
The timetable has been revised so that despatch of the Prospectus, the Supplementary Prospectus and the revised Entitlement & Acceptance Form and Shortfall Acceptance Form will now occur on Tuesday 26 May 2015, with the Closing Date now being 5:00pm (AEST) on Thursday 25 June 2015. This has a consequential effect on the anticipated date of issue and normal trading of the new securities offered under the Rights Issue (“New Securities”).
The revised indicative timetable for the Rights Issue, which has been approved by ASX, is set out below and replaces the indicative timetable set out on page 4 of the Prospectus:
| EVENT | DATE |
|---|---|
| Announcement of Rights Issue, Placement and Lodgement ofProspectus– Announcement of Rights Issue, Placement andAppendix 3B lodged with ASX and Prospectus lodged with ASIC andASX | Thursday 7 May 2015 |
| Notice to Shareholders– notice of Rights Issue sent toShareholders containing information required by Appendix 3B | Wednesday 13 May 2015 |
| Placement Shares and Options– the date on which Shares andListed Options are allotted under the Placement | Wednesday 13 May 2015 |
| Ex date and Rights trading commences– the date on which Sharescommence trading without the entitlement to participate in theRights Issue and rights trading commences | Thursday 14 May 2015 |
| Record Date– the date for determining entitlements ofShareholders to participate in the Rights Issue | 7:00pm AEST timeMonday 18 May 2015 |
| Supplementary Prospectus lodged with ASIC and ASX | Thursday 21 May 2015 |
| Prospectus and Supplementary Prospectus sent to Shareholders–despatch of Prospectus and Supplementary Prospectus andApplication Forms–Offers open for acceptance | Tuesday 26 May 2015 |
w w w . v a l e n c e i n d u s t r i e s . c o m 60 Hindmarsh Square I Adelaide I South Australia I 5000 I Australia p: +61 8 8215 6400 I e: [email protected] ABN 41 008 101 979
ASIA PACIFIC I EUROPE I NORTH AMERICA
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| Last day of Rights trading | Thursday 18 June2015 |
|---|---|
| New Securities quoted on a deferred settlement basis | Friday 19 June 2015 |
| Last day to extend Closing Date | 5:00pm (AEST)Monday 22 June 2015 |
| Closing Date– The last day for receipt of Rights Issue ApplicationForms | 5:00pm AEST timeThursday 25 June 2015 |
| Shortfall notification date– notification of shortfall (if any) underthe Rights Issue | Tuesday 30 June 2015 |
| Issue date– Allotment of New Shares and Listed Options. | Thursday 2 July 2015 |
| Expected commencement of normal trading in New Shares andnew Listed Options on ASX | Friday 3 July 2015 |
Subject to the ASX Listing Rules, the Directors of Valence reserve the right to further vary the dates for the Rights Issue at their discretion. Should this occur, the variation will have a consequential effect on the anticipated date of issue and normal trading of New Securities (if applicable).
No change to exercise price of options
The Rights Issue includes a free attaching listed option for every two shares subscribed, in the same class as the Company’s existing Listed Options (ASX: VXLO), expiring 31 July 2016 and exercisable at 25 cents, subject to adjustment as a result of the Rights Issue, in accordance with the formula in ASX Listing Rule 6.22.2 and the terms of the options. The Company advises that, based on the volume weighted average share price of Valence shares for the 5 trading days preceding the ‘ex entitlement date’, there will be no adjustment to the exercise price of the Listed Options as a result of the Rights Issue.
If you have any queries concerning the Rights Issue, please contact your financial adviser or the Company’s share registry, Link Market Services, on +61 1800 009 918 (toll free within Australia) between 8.30am and 5.00pm (AEST) Monday to Friday.
For further information, please contact: Jaroslaw (Jarek) Kopias CFO & Company Secretary Valence Industries [email protected] +61 8 8418 8564
w w w . v a l e n c e i n d u s t r i e s . c o m 60 Hindmarsh Square I Adelaide I South Australia I 5000 I Australia p: +61 8 8215 6400 I e: [email protected] ABN 41 008 101 979