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SCIDEV LTD Major Shareholding Notification 2007
65761_rns_2007-02-22_5716a61c-8f63-4718-b2b0-7bf50ad340fb.pdf
Major Shareholding Notification
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ABN 25 001 150 849
Superior and Sustainable Metals Production
Gordon Chiu Building J01 Department of Chemical Engineering Maze Crescent University of Sydney NSW 2006 Australia
Phone: 02-9351-6741 Fax: 02-9351-7180 Email: [email protected] Website: www.intec.com.au ASX code: INL
Companies Announcements Office Australian Stock Exchange
23 February 2007
Substantial Shareholder Notice for Jervois Mining Limited
Intec Ltd (ASX code: INL) today lodged the attached Notice of Initial Substantial Holder announcement (Form 603) in relation to Jervois Mining Limited (ASX code: JRV) as at 21 February 2007. Since that date, INL has acquired 50,301,763 further JRV ordinary shares onmarket and also holds 107,200,000 options to purchase JRV shares at 1.0 cent each prior to 30 November 2007. Therefore, INL presently beneficially owns 197,407,783 shares and 107,200,000 options representing 14.56% of JRV on a fully diluted basis at an average entry price of approximately 1.16 cents.
Intec considers that its own existing demonstration plant, strong future cashflows and proven technology and project development capabilities could accelerate development of JRV's Young and Nyngan nickel laterite resources.
Intec looks forward to productive discussions shortly with the Board and Management of JRV in order to progress mutually beneficial outcomes for the two companies and their shareholders, and will provide an update shortly thereafter.
Yours faithfully, Intec Ltd
Philip R Wood
Philip R Wood Managing Director & Chief Executive Officer
Form 603
Corporations Act 2001
Section 671B
Notice of initial substantial holder
| To Company Name/Scheme | Jervois Mining Limited (ASX code: JRV) |
|---|---|
| ACN/ARSN | 007 626 575_______________________________________ |
| 1. Details of substantial holder (1) | |
| Name | Intec Ltd (ASX code: INL) |
| ACN/ARSN (if applicable) | 001 150 849 |
The holder became a substantial holder on $21/02/07$
2. Details of voting power
The total number of votes attached to all the voting shares in the company or voting interests in the scheme that the substantial holder or an associate (2) had a relevant interest (3) in on the date the substantial holder became a substantial holder are as follows:
| Class of securities (4) | Number of securities | Person's votes (5) | Voting power (6) |
|---|---|---|---|
| Ordinary | 147,106,020----- | 147,106,020 | 8.78% |
| BAAAN BABAHA |
3. Details of relevant interests
The nature of the relevant interest the substantial holder or an associate had in the following voting securities on the date the substantial holder became a substantial holder are as follows:
| Holder of relevant interest********************** | Nature of relevant interest (7) | Class and number of securities | |
|---|---|---|---|
| Intec Ltd | Beneficial owner | 51.070,429 ordinary | |
| Intec Ltd | Beneficial owner | 96,035,591 ordinary |
4. Details of present registered holders
The persons registered as holders of the securities referred to in paragraph 3 above are as follows:
| Holder of relevantinterest | Registered holder ofsecurities | Person entitled to beregistered as holder (8) | Class and number of securities |
|---|---|---|---|
| Intec Ltd | Merrill Lynch(Australia)Nominees Pty Ltd | Intec Ltd | 51,070,429 ordinary |
| Intec Ltd | Statton NomineesPtv Ltd | Intec Ltd | 96,035,591 ordinary |
5. Consideration
The consideration paid for each relevant interest referred to in paragraph 3 above, and acquired in the four months prior to the day that the substantial holder became a substantial holder is as follows:
| Holder of relevant | Date of acquisition | Consideration (9) | Class and number of securities | |
|---|---|---|---|---|
| interest | ||||
| Cash | Non-cash | |||
| Intec Ltd | Refer to | |||
| Annexure A | . | |||
6. Associates
The reasons the persons named in paragraph 3 above are associates of the substantial holder are as follows:
| Name and ACN/ARSN (if applicable)--------------------------------------- | Nature of association,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,$- - -$ |
|---|---|
| . | |
| --------The Miller Company of Branch |
7. Addresses
The addresses of persons named in this form are as follows:
| Name | e en en vironAddress,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,, ,,,,,,,,,,,,,,,,,,,,, |
|---|---|
| Refer to Annexure BNUMBER OF STREET | TERRITORIAL TERRITORIAL EN PARTICIPAL ANNO 1999 |
| --------------------------------------- |
Signature
| print name | Philip R WoodWAS CONTINUES FOR THE CARD COMPANY | capacity | Managing Director & CEO, IntecLtd |
|---|---|---|---|
| sign here | 'A laari | date | 23/02/07 |
| and the contract of the contract of the contract of the contract of the contract of the contract of the contract of the contract of the contract of the contract of the contract of the contract of the contract of the contra$\cdots$ | .-----,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,, |
DIRECTIONS
- $(1)$ If there are a number of substantial holders with similar or related relevant interests (eg. a corporation and its related corporations, or the manager and trustee of an equity trust), the names could be included in an annexure to the form. If the relevant interests of a group of persons are essentially similar, they may be referred to throughout the form as a specifically named group if the membership of each group, with the names and addresses of members is clearly set out in paragraph 7 of the form.
- $(2)$ See the definition of "associate" in section 9 of the Corporations Act 2001.
- See the definition of "relevant interest" in sections 608 and 671B(7) of the Corporations Act 2001. $(3)$
- $(4)$ The voting shares of a company constitute one class unless divided into separate classes.
- $(5)$ The total number of votes attached to all the voting shares in the company or voting interests in the scheme (if any) that the person or an associate has a relevant interest in.
- The person's votes divided by the total votes in the body corporate or scheme multiplied by 100. $(6)$
- $(7)$ Include details of:
- any relevant agreement or other circumstances by which the relevant interest was acquired. If subsection 671B(4) applies, a copy of $(a)$ any document setting out the terms of any relevant agreement, and a statement by the person giving full and accurate details of any contract, scheme or arrangement, must accompany this form, together with a written statement certifying this contract, scheme or arrangement; and
- any qualification of the power of a person to exercise, control the exercise of, or influence the exercise of, the voting powers or $(b)$ disposal of the securities to which the relevant interest relates (indicating clearly the particular securities to which the qualification applies).
See the definition of "relevant agreement" in section 9 of the Corporations Act 2001.
- If the substantial holder is unable to determine the identity of the person (eg. if the relevant interest arises because of an option) write $(B)$ "unknown".
- ${\Theta}$ Details of the consideration must include any and all benefits, money and other, that any person from whom a relevant interest was acquired has, or may, become entitled to receive in relation to that acquisition. Details must be included even if the benefit is conditional on the happening or not of a contingency. Details must be included of any benefit paid on behalf of the substantial holder or its associate in relation to the acquisitions, even if they are not paid directly to the person from whom the relevant interest was acquired.
Annexure A - Intec Ltd
5. Consideration
Relevant interest in Jervois Mining Ltd
| Date of | Person | Nature of change | Consideration | Number of | Class |
|---|---|---|---|---|---|
| change | whose | in relation to | securities | ||
| relevant | change | ||||
| interest | |||||
| changed | |||||
| 21-Sep-06 | Intec Ltd | On market | $21,340.00 | 1,940,000 | Ordinary |
| 25-Sep-06 | Intec Ltd | On market | $660.00 | 60,000 | Ordinary |
| 26-Sep-06 | Intec Ltd | On market | $167,482.85 | 12,883,296 | Ordinary |
| 28-Sep-06 | Intec Ltd | On market | $40,517.15 | 3,116,704 | Ordinary |
| 2-Nov-06 | Intec Ltd | On market | $10,000.00 | 1,000,000 | Ordinary |
| 21-Nov-06 | Intec Ltd | Rights issue entitlement | $72,000.00 | 7,200,000 | Ordinary |
| 22-Nov-07 | Intec Ltd | On market | $2,641.25 | 264,125 | Ordinary |
| 23-Nov-07 | Intec Ltd | On market | $15,600.00 | 1,560,000 | Ordinary |
| 24-Nov-06 | Intec Ltd | On market | $6,786.16 | 678,616 | Ordinary |
| 29-Nov-06 | Intec Ltd | On market | $20,064.42 | 2,006,442 | Ordinary |
| 1-Dec-06 | Intec Ltd | On market | $488.17 | 48,817 | Ordinary |
| 1-Dec-06 | Intec Ltd | On market | $4,420.00 | 442,000 | Ordinary |
| $4$ -Dec-06 | Intec Ltd | On market | $4,290.16 | 429,016 | Ordinary |
| 7-Dec-06 | Intec Ltd | On market | $3,950.01 | 395,001 | Ordinary |
| 8-Dec-06 | Intec Ltd | On market | $750.00 | 75,000 | Ordinary |
| 11-Dec-06 | Intec Ltd | On market | $30,654.28 | 3,065,428 | Ordinary |
| 12-Dec-06 | Intec Ltd | On market | $1,217.24 | 121,724 | Ordinary |
| 13-Dec-06 | Intec Ltd | On market | $9,138.31 | 913,831 | Ordinary |
| 22-Jan-07 | Intec Ltd | Rights issue shortfall | $300,000.00 | 30,000,000 | Ordinary |
| 22-Jan-07 | Intec Ltd | On market | -$195,000.00 | $-15,000,000$ | Ordinary |
| 22-Jan-07 | Intec Ltd | On market | -$75,000.00 | $-5,000,000$ | Ordinary |
| 22-Jan-07 | Intec Ltd | On market | $-$ $39,294.29 | $-2,455,893$ | Ordinary |
| 22-Jan-07 | Intec Ltd | On market | $-$133,356.15$ | $-9,525,439$ | Ordinary |
| 22-Jan-07 | Intec Ltd | On market | -$80,000.00 | $-5,000,000$ | Ordinary |
| $23 - Jan - 07$ | Intec Ltd | On market | $-$6,643.85$ | $-474,561$ | Ordinary |
| 29-Jan-07 | Intec Ltd | On market | $63,453.88 | 4,532,420 | Ordinary |
| 30-Jan-07 | Intec Ltd | On market | $34,546.12 | 2,467,580 | Ordinary |
| 31-Jan-07 | Intec Ltd | On market | $105,000.00 | 7,000,000 | Ordinary |
| $1-Feb-07$ | Intec Ltd | On market | $105,000.00 | 7,000,000 | Ordinary |
| 2-Feb-07 | Intec Ltd | On market | $84,000.00 | 6,000,000 | Ordinary |
| 7-Feb-07 | Intec Ltd | On market | $28,000.00 | 2,000,000 | Ordinary |
| 16-Feb-07 | Intec Ltd | On market | $28,986.01 | 2,070,429 | Ordinary |
| $21 - Feb - 07$ | Intec Ltd | On market | $259,372.26 | 17,291,484 | Ordinary |
| 21-Feb-07 | Intec Ltd | Rights issue shortfall | $200,000.00 | 20,000,000 | Ordinary |
| 21-Feb-07 | Intec Ltd | Rights issue shortfall | $500,000.00 | 50,000,000 | Ordinary |
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Signed 23 February 2007 Philip R Wood Managing Director & CEO, Intec Ltd
Annexure B-Intec Ltd
Relevant interest in Jervois Mining Ltd
7. Addresses
The addresses of persons named in this form are as follows:
| Name | Address |
|---|---|
| Intec Ltd | Gordon Chiu Building, J01 |
| Maze Crescent | |
| Department of Chemical Engineering | |
| University of Sydney | |
| NSW 2006 | |
| Merrill Lynch (Australia) | Level 19, 120 Collins Street |
| Nominees Pty Ltd | Melbourne |
| VIC 3000 | |
| Statton Nominees Pty Ltd | Level 18, 9 Hunter Street |
| Sydney | |
| NSW 2000 | |
| PO Box H127 | |
| Australia Square | |
| NSW 1215 |
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Philip R. Wood
Signed 23 February 2007 Philip R Wood Managing Director & CEO, Intec Ltd