AI assistant
TZ LIMITED — Capital/Financing Update 2012
Sep 19, 2012
65975_rns_2012-09-19_1d79fa50-5067-4076-917e-ece2a3c22b83.pdf
Capital/Financing Update
Open in viewerOpens in your device viewer
TZ Limited ABN 26 073 979 272
==> picture [133 x 56] intentionally omitted <==
20 September 2012
Dear overseas shareholder
Renounceable rights issue of New Shares and attaching New Options
The directors of TZ Limited advise that they have on the 19th September 2012 lodged a Prospectus with the Australian Securities and Investments Commission for a 1 for 3 renounceable Rights Issue of approximately 46,118,801 New Shares at an issue price of 10 cents per New Share (together with 1 attaching New Option exercisable at 14 cents on or before 31 October 2013 for every 2 New Shares issued), to raise approximately $4.6 million.
Only shareholders registered with addresses in Australia, New Zealand or the United Kingdom will receive an entitlement to the Rights Issue on the basis of 1 New Share for every 3 ordinary shares registered in their name at 7.00 pm on 27 September 2012. Our records indicate that you are a shareholder with a registered address outside Australia, New Zealand and the United Kingdom, and therefore you are an ineligible shareholder. As an ineligible shareholder you are unable to participate in the rights issue under the Prospectus.
The Directors have decided that it is unreasonable to extend the offer to shareholders with addresses outside of Australia, New Zealand and the United Kingdom having regard to:
-
the small number of shareholders in the place where the offer would be made;
-
the fact that those shareholders hold a relatively small number of shares in aggregate which would involve a relatively small entitlement to the rights issue in both number and value; and
-
the cost of complying with legal requirements and the requirements of the regulatory authorities in each of the relevant countries.
If you wish to participate in the Rights Issue it will be necessary for you to transfer your shares to a nominee with an address in Australia, New Zealand or the United Kingdom by 27 September 2012 which is the Record Date for the Rights Issue, provided that does not breach any law in your country.
For and on behalf of the directors of TZ Limited
==> picture [65 x 41] intentionally omitted <==
Kenneth Ting
Executive Director and Company Secretary
Chicago (Operational Headquarters) 520 West Erie Street, Suite 100 Chicago, IL 60654 United States
Sydney (Registered Office) Level 11, 1 Chifley Square Sydney, NSW 2000 Australia
ASX: TZL Web: www.tz.net Email: [email protected]