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WEEBIT NANO LTD — Director's Dealing 2014
Nov 24, 2014
66042_rns_2014-11-24_c71457f5-bb65-4ed7-ab09-e35e8749e5b2.pdf
Director's Dealing
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Change in Directors Interest
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ACN 146 455 576
ASX Release
25 November 2014
Suite 7, 55 Hampden Rd Nedlands WA 6009 PO BOX 994 Subiaco WA 6904
P + 61 8 9389 9919 F + 61 8 6389 0576 E [email protected] W www.radariron.com.au
Contact:
Jonathan Lea Managing Director E [email protected]
Damon Sweeny
Company Secretary E [email protected]
Directors:
Alan Tough - Chairman Jonathan Lea - Managing Director Ananda Kathiravelu - Non-Executive David Sourbutts- Non-Executive
Radar Iron Ltd (‘Radar’, ‘Company’, ASX: RAD) refers to the appended directors interest notices for Mr Alan Tough & Mr David Sourbutts. In its due diligence process and related internal audit for the proposed rights issue disclosed previously, the Company identified information not yet disclosed and reports it here. The initial interest notice for Mr Sourbutts (showing NIL interests), although prepared at the time, was not lodged due to administrative oversight. The Appendix 3y for Mr Tough shows the correct current holding details. The Company advises that these notices have not met the timetable as per Listing Rule 3.19A, but it has now given notice at its earliest opportunity.
Under the Company’s corporate governance policy all Directors must inform the Company Secretary via email as soon as possible following the acquisition or sale of securities in the Company. All Officers of the Company are aware of their obligations regarding ‘notifiable interests of a Director’. Mr Tough’s change in interest is the result of delayed automated execution of an instruction made online by Mr Tough at an earlier stage, and subsequent issues with the email notification of same. The Company believes that its current policies are adequate for compliance with Listing Rule 3.19B. However, the Company advises that it has now taken the additional step of instructing its registry to automatically notify Radar’s corporate governance team of any transaction regarding entities associated with the Directors to void any such issues in the future.
Yours sincerely
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Damon Sweeny Company Secretary
Issued Capital:
132,248,630 Ordinary Shares 5,000,000 Unlisted Options
ASX Code:
RAD (Fully Paid Ordinary Shares)
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Appendix 3X Initial Director’s Interest Notice
Rule 3.19A.1
Appendix 3X
Initial Director’s Interest Notice
Information or documents not available now must be given to ASX as soon as available. Information and documents given to ASX become ASX’s property and may be made public.
Introduced 30/9/2001.
| Name of entity | RADAR IRON LTD |
|---|---|
| CAN | 146 455 576 |
We (the entity) give ASX the following information under listing rule 3.19A.1 and as agent for the director for the purposes of section 205G of the Corporations Act.
| Name of Director | David Sourbutts |
|---|---|
| Date of appointment | 14.05.2014 |
Part 1 - Director’s relevant interests in securities of which the director is the registered holder In the case of a trust, this includes interests in the trust made available by the responsible entity of the trust
Note: In the case of a company, interests which come within paragraph (i) of the definition of “notifiable interest of a director” should be disclosed in this part.
Number & class of securities
NIL
Part 2 – Director’s relevant interests in securities of which the director is not the registered holder
In the case of a trust, this includes interests in the trust made available by the responsible entity of the trust
| Name of holder & nature of interest Note: Provide details of the circumstances giving rise to the relevant interest. |
Number & class of Securities NIL |
|
|---|---|---|
Part 3 – Director’s interests in contracts
Note: In the case of a company, interests which come within paragraph (ii) of the definition of “notifiable interest of a director” should be disclosed in this part.
| Detail of contract | NIL |
|---|---|
| Nature of interest | |
| Name of registered holder (if issued securities) |
|
| No. and class of securities to which interest relates |
- See chapter 19 for defined terms.
Appendix 3X Page 1
11/3/2002
Appendix 3Y Change of Director’s Interest Notice
Rule 3.19A.2
Appendix 3Y Change of Director’s Interest Notice
Information or documents not available now must be given to ASX as soon as available. Information and documents given to ASX become ASX’s property and may be made public.
Introduced 30/09/01 Amended 01/01/11
| Introduced 30/09/01 Amended 01/01/11 | |
|---|---|
| Name of entity | |
| RADAR IRON LTD | |
| ACN | 146 455 576 |
We (the entity) give ASX the following information under listing rule 3.19A.2 and as agent for the director for the purposes of section 205G of the Corporations Act.
director for the purposes of |
section 205G of the Corporations Act. |
|---|---|
| Name of Director | Alan Tough |
| Date of last notice | 17/09/2013 |
Part 1 - Change of director’s relevant interests in securities
In the case of a trust, this includes interests in the trust made available by the responsible entity of the trust
Note: In the case of a company, interests which come within paragraph (i) of the definition of “notifiable interest of a director” should be disclosed in this part.
| Direct or indirect interest | Direct & Indirect |
|---|---|
| Nature of indirect interest (including registered holder) Note: Provide details of the circumstances giving rise to the relevant interest. |
Gamma Corporation Pty Ltd (Mr Tough is a Director and has a beneficial interest.) |
| Date of change | 23/5 -24/6 |
| No. of securities held prior to change |
731,771 Ordinary sharesheld by the following registered holders: 50,000 - Alan Tough 681,771- Gamma Corporation Pty Ltd |
| Class | Ordinary shares |
| Number acquired | 30,000 |
| Number disposed | |
| Value/Consideration Note: If consideration is non-cash, provide details and estimated valuation |
$1657 |
- See chapter 19 for defined terms.
01/01/2011 Appendix 3Y Page 1
Appendix 3Y Change of Director’s Interest Notice
| No. of securities held after change | 761,771 Ordinary sharesheld by the following registered holders: 50,000 - Alan Tough 711,771- Gamma Corporation Pty Ltd |
|---|---|
| Nature of change Example: on-market trade, off-market trade, exercise of options, issue of securities under dividend reinvestment plan, participation in buy-back |
Automated on market purchase through online broker. |
Part 2 – Change of director’s interests in contracts
Note: In the case of a company, interests which come within paragraph (ii) of the definition of “notifiable interest of a director” should be disclosed in this part.
Detail of contract Nature of interest Name of registered holder (if issued securities) Date of change No. and class of securities to which interest related prior to change Note: Details are only required for a contract in relation to which the interest has changed Interest acquired Interest disposed Value/Consideration Note: If consideration is non-cash, provide details and an estimated valuation Interest after change
Part 3 –[+] Closed period
| Part 3 –+Closed period | |
|---|---|
| Were the interests in the securities or contracts detailed above traded during a+closed period where prior written clearance was required? |
No |
| If so, was prior written clearance provided to allow the trade to proceed during this period? |
|
| If prior written clearance was provided, on what date was this provided? |
- See chapter 19 for defined terms.
Appendix 3Y Page 2
01/01/2011