| Frugl Group Limited (FGL) ORDINARY FULLY PAID |
Information Technology |
- |
Quarterly Activities/Appendix 4C Cash Flow Report
|
31 Jul 2024 9:28AM |
$0.043 |
$0.014 |
fallen by
67.44%
|
|
FGL - Price-sensitive ASX Announcement
Full Release
Key Points
- Significant growth in quarterly receipts totalling $482k, representing a 630% growth compared to Q4 FY2023.
- First consolidated quarterly results including revenue from Trienpont.
- Frugl selected to present at AusTrade Trade Mission in Thailand.
- Advancements in Artificial Intelligence and Machine Learning with new engagements.
- Acquisition of Trienpont International Co. LTD completed in April 2024.
- Strong cash receipts result of $482k in Q4, with full year receipts at $757k.
- Consolidation of Trienpont's revenues into Frugl post-acquisition.
- Frugl's involvement in AI technology applications for various clients.
- Trienpont's new office expansion in Bangkok.
- Secured additional engagements in data analytics within the Australian retail sector.
- Entered into a loan facility agreement with Radium Capital Pty Ltd for $167,000.
- Maintains an undrawn loan facility agreement with Kenny Woo for $1,000,000.
- Entered into a $2 million convertible note facility with Obsidian Global Partners.
- General Meeting of Shareholders approved the consolidation of issued capital.
IMPORTANT NOTE: This information is autogenerated and has not been reviewed for accuracy or completeness. You should
refer to the full announcement here for further information.
| Immutep Limited (IMM) ORDINARY FULLY PAID |
Health Care |
$438 |
Immutep Quarterly Activities Report and Appendix 4C
|
31 Jul 2024 9:28AM |
$0.338 |
$0.300 |
fallen by
11.11%
|
|
IMM - Price-sensitive ASX Announcement
Full Release
Key Points
- Entered into third and most important clinical trial collaboration and supply agreement with MSD for the pivotal Phase III trial for first-line non-small cell lung cancer.
- Positive results from TACTI-003 Phase IIb trial in first-line head and neck squamous cell carcinoma with efti in combination with KEYTRUDA.
- Encouraging efficacy and safety data from AIPAC-003 Phase II/III trial with efti and paclitaxel in metastatic breast cancer.
- Received positive regulatory feedback regarding the upcoming TACTI-004 Phase III trial.
- Appointed Centre for Human Drug Research to conduct Phase I trial to evaluate IMP761, a LAG-3 agonist antibody for autoimmune diseases.
- Exclusive license agreement signed with Cardiff University for development of an orally available, small molecule anti-LAG-3 therapy.
- Completed A$100.2 million equity underwritten financing.
- Extended cash runway to end of 2026 with a strong cash and term deposit position of approximately A$181.8 million.
- TACTI-004 Phase III trial will enroll approximately 750 patients and address the entire 1L NSCLC market eligible for anti-PD-1 therapy.
- Reported positive topline results from TACTI-003 Phase IIb trial in 1L HNSCC with an ORR of ~34% regardless of HPV status and PD-L1 expression.
- The investigator-initiated INSIGHT-003 and INSIGHT-005 trials continued to enroll patients with updates expected in CY2024.
- EFTISARC-NEO Phase II trial in Soft Tissue Sarcoma showed no new safety findings and encouraging early efficacy data.
- Entered into agreement with CHDR for first-in-human study of IMP761 expected to enroll participants in Q3 CY2024.
- Exclusive License Agreement with Cardiff University aims to develop low-cost, orally available anti-LAG-3 treatments for cancer patients.
- Reported strong financials with net cash from financing activities of approximately A$95.7 million for the quarter.
IMPORTANT NOTE: This information is autogenerated and has not been reviewed for accuracy or completeness. You should
refer to the full announcement here for further information.
| BETR Entertainment Limited (BBT) ORDINARY FULLY PAID |
Consumer Discretionary |
$359 |
Quarterly Activities Report
|
31 Jul 2024 9:27AM |
$0.215 |
$0.368 |
risen by
70.93%
|
|
BBT - Price-sensitive ASX Announcement
Full Release
Key Points
- Record quarterly turnover of $162.5 million, up 19.8%
- Net Win of $17.7 million, up 18.8%
- Completion of merger with betr on 1 July 2024
- Cost synergies of $14 million per annum on track
- Successful $20 million placement
- Increase in active customers to 76,300, up 14%
- Termination of Indiana market access agreement
- Cash balance of $26 million as of 30 June 2024
- Strong market expansion in Australia and US
- Focus on profitability and technology enhancements
IMPORTANT NOTE: This information is autogenerated and has not been reviewed for accuracy or completeness. You should
refer to the full announcement here for further information.
| Duxton Farms Ltd (DBF) ORDINARY FULLY PAID |
Consumer Staple |
$54 |
Update - Notification of buy-back - DBF
|
31 Jul 2024 9:26AM |
$1.570 |
$1.300 |
fallen by
17.20%
|
|
| Riedel Resources Limited (RIE) ORDINARY FULLY PAID |
Materials |
$2 |
Proposed issue of securities - RIE
|
31 Jul 2024 9:26AM |
$0.002 |
$0.029 |
risen by
1,833.33%
|
|
| Lotus Resources Limited (LOT) ORDINARY FULLY PAID |
Energy |
$397 |
Quarterly Activities/Appendix 5B Cash Flow Report
|
31 Jul 2024 9:26AM |
$0.255 |
$0.168 |
fallen by
34.31%
|
|
LOT - Price-sensitive ASX Announcement
Full Release
Key Points
- Lotus Resources Limited signed a Mine Development Agreement (MDA) with the Government of Malawi (GoM) for the Kayelekera project.
- The MDA includes a 10-year stability period with key fiscal terms such as a 5% royalty rate and 30% corporate tax rate.
- The Letlhakane project in Botswana received a Mineral Resource update confirming its large-scale uranium potential.
- Infill drilling at Letlhakane is well advanced, with 79 of 180 RC drill holes completed.
- Lotus is in advanced discussions with nuclear utilities and potential offtakers regarding offtake agreements.
- The company expanded its management team by appointing four experienced resource executives.
- Lotus US trading has been upgraded to the OTCQX Market.
- The company holds a closing cash balance of $34.1 million (unaudited), excluding $15.0 million in restricted cash.
- Lotus withdrew from the non-core Wilconi Nickel Joint Venture to focus on uranium projects.
IMPORTANT NOTE: This information is autogenerated and has not been reviewed for accuracy or completeness. You should
refer to the full announcement here for further information.
| OAR Resources Limited (OAR) ORDINARY FULLY PAID |
Materials |
- |
Becoming a substantial holder
|
31 Jul 2024 9:26AM |
$0.002 |
$0.037 |
risen by
2,366.67%
|
|
| Lotus Resources Limited (LOT) ORDINARY FULLY PAID |
Energy |
$397 |
Mine Development Agreement signed in Malawi
|
31 Jul 2024 9:25AM |
$0.255 |
$0.168 |
fallen by
34.31%
|
|
LOT - Price-sensitive ASX Announcement
Full Release
Key Points
- Lotus Resources Ltd has signed a Mine Development Agreement (MDA) with the Government of Malawi.
- The MDA ensures a 10-year stability period for the fiscal regime governing the Kayelekera uranium mine.
- Key tax terms include a royalty rate of 5% and a corporate tax rate of 30%.
- Relief from Resource Rental Tax and Withholding Tax on dividends to non-residents is provided.
- Exemptions are granted for import and export duties, excise, and VAT on capital goods and specific consumables.
- The agreement includes legal protections such as security of tenure, dispute resolution, and expropriation.
- The MDA aligns with Malawi's economic vision, Malawi 2063.
- Lotus plans to complete offtake negotiations, the FEED program, and project financing.
- Lotus's cash balance is $34.1M as of 30 June 2024.
- Lotus owns an 85% interest in the Kayelekera Uranium Project in Malawi.
IMPORTANT NOTE: This information is autogenerated and has not been reviewed for accuracy or completeness. You should
refer to the full announcement here for further information.
| ADX Energy Ltd (ADX) ORDINARY FULLY PAID |
Energy |
$17 |
Quarterly Activities Report - June 2024
|
31 Jul 2024 9:25AM |
$0.100 |
$0.030 |
fallen by
70%
|
|
ADX - Price-sensitive ASX Announcement
Full Release
Key Points
- Austrian net production increased by 31%, averaging 231 BOEPD.
- New Anshof Field Permanent Production Facility commissioned with 95% uptime.
- Permitting, planning, and procurement in place for the drilling of Anshof-2A oil appraisal well in September 2024.
- Welchau-1 well encountered a 450-metre hydrocarbon column with ongoing structural interpretation and reservoir characterization.
- Gas exploration well in ADX-AT-I exploration license planned for October 2024.
- Successful capital raising of A$13.5 million primarily from institutional investors.
- Increased oil and gas sales revenue totalling A$2.4 million for the quarter.
- Ongoing maturation of gas exploration prospects in the ADX-AT-I license.
- Execution of hedging transactions to provide stable near-term revenue.
- MND committed to funding EUR 4.5 million for exploration drilling in ADX-AT-I license.
IMPORTANT NOTE: This information is autogenerated and has not been reviewed for accuracy or completeness. You should
refer to the full announcement here for further information.
| Buxton Resources Limited (BUX) ORDINARY FULLY PAID |
Materials |
$10 |
Quarterly Activities Report and Appendix 5B
|
31 Jul 2024 9:25AM |
$0.075 |
$0.039 |
fallen by
48%
|
|
BUX - Price-sensitive ASX Announcement
Full Release
Key Points
- Buxton Resources Limited entered into an Earn-In Agreement to acquire 100% of the Matrix Manganese Project in Arizona.
- Buxton aims to achieve 100% ownership by spending AU$1.0M over two years and issuing shares worth AU$150k and AU$100k to Solution Mining Pty Ltd.
- The Narryer Project targets magmatic Ni-Cu-PGE sulphide mineralisation, with follow-up EM surveys and RC drilling planned for H2 2024.
- Significant exploration and drilling activities are ongoing at the Copper Wolf Project in Arizona with permits received.
- The company reported a cash balance of approximately $2.9 million as of June 30, 2024.
- Institutional Share Placement raised $2.5 million, with further funds raised in July taking the pro forma cash balance to around $3.2 million.
- Heritage surveys have enabled extensive drilling activities at the Graphite Bull Project.
- Appendix 5B reports a net cash outflow from operating activities of $686k for the quarter.
IMPORTANT NOTE: This information is autogenerated and has not been reviewed for accuracy or completeness. You should
refer to the full announcement here for further information.
| BETR Entertainment Limited (BBT) ORDINARY FULLY PAID |
Consumer Discretionary |
$359 |
Quarterly Appendix 4C Cash Flow Report
|
31 Jul 2024 9:25AM |
$0.215 |
$0.368 |
risen by
70.93%
|
|
BBT - Price-sensitive ASX Announcement
Full Release
Key Points
- Net cash used in operating activities for the quarter was $1.51 million.
- Payments to acquire intellectual property amounted to $770,000 for the quarter.
- Proceeds from the issue of equity securities were $20 million.
- Transaction costs related to the issuance of equity securities totaled $1.69 million.
- Net cash from financing activities was $18.31 million for the quarter.
- Cash and cash equivalents at the end of the period were $26 million.
- Payments to related parties and their associates totaled $303,500 for the quarter.
- Unused financing facilities available at quarter end were $231,700.
- Estimated cash available for future operating activities is sufficient for 17.3 quarters.
- This report was authorized by the Board of Directors on 31 July 2024.
IMPORTANT NOTE: This information is autogenerated and has not been reviewed for accuracy or completeness. You should
refer to the full announcement here for further information.
| ADX Energy Ltd (ADX) ORDINARY FULLY PAID |
Energy |
$17 |
Quarterly Cashflow Report - June 2024
|
31 Jul 2024 9:24AM |
$0.100 |
$0.030 |
fallen by
70%
|
|
ADX - Price-sensitive ASX Announcement
Full Release
Key Points
- Receipts from customers were $2,949,000 for the quarter and $5,090,000 for the year to date.
- Payments for exploration and evaluation were $185,000 for the quarter and $409,000 for the year to date.
- Staff costs, including production staff costs, were $817,000 for the quarter and $1,376,000 for the year to date.
- Administration and corporate costs were $951,000 for the quarter and $2,006,000 for the year to date.
- Net cash from operating activities was $100,000 for the quarter but a negative of $1,117,000 for the year to date.
- Payments to acquire property, plant, and equipment, including wells, were $8,095,000 for the quarter and $13,534,000 for the year to date.
- Proceeds from financing activities were $13,500,000 for the quarter.
- Net increase in cash and cash equivalents was $5,447,000 for the quarter, with an ending cash balance of $12,579,000.
IMPORTANT NOTE: This information is autogenerated and has not been reviewed for accuracy or completeness. You should
refer to the full announcement here for further information.
| Comet Ridge Limited (COI) ORDINARY FULLY PAID |
Energy |
$168 |
Quarterly Activities/Appendix 5B Cash Flow Report
|
31 Jul 2024 9:24AM |
$0.185 |
$0.140 |
fallen by
24.32%
|
|
COI - Price-sensitive ASX Announcement
Full Release
Key Points
- Mahalo East lateral pilot well drilling to commence later this quarter, funded by a $5 million grant from the Queensland Government.
- Mahalo North Environmental Authority application is nearing completion and expected to be awarded in August.
- Mahalo Joint Venture is finalizing select phase facilities design and capital cost optimization as a precursor to beginning upstream FEED.
- Planning work with Jemena for Mahalo JV pipeline connection is ongoing with a plan to commence both FEED studies concurrently.
- Comet Ridge's position in Mahalo Gas Hub area extended with the new block awarded by the Queensland Government called Mahalo Far East Extension.
- A high level of activity continued in the Data Room process with multiple parties engaged in technical and commercial due diligence and structuring discussions.
- Comet Ridge had $16.8 million of cash at the end of June 2024.
IMPORTANT NOTE: This information is autogenerated and has not been reviewed for accuracy or completeness. You should
refer to the full announcement here for further information.
| Canyon Resources Ltd (CAY) ORDINARY FULLY PAID |
Materials |
$405 |
Mining Convention for Minim-Martap Bauxite Project signed
|
31 Jul 2024 9:24AM |
$0.080 |
$0.285 |
risen by
256.25%
|
|
CAY - Price-sensitive ASX Announcement
Full Release
Key Points
- Mining Convention for Minim-Martap Bauxite Project signed by Canyon Resources Ltd.
- Canyon's subsidiary, Camalco Cameroun SA, granted rights to mine and export alumina and bauxite.
- Execution of the Mining Convention is essential before the grant of the mining permit.
- Signing ceremony attended by Camalco’s CEO, Rana Pratap Singh, and Interim Minister of Mines, Fuh Calistus Gentry.
- Marks the culmination of an extensive approval process and allows further development plans as per Bankable Feasibility Study.
- Canyon to proceed with key workstreams including rail and port access.
- Canyon to continue discussions with potential offtake and funding partners.
- The project aims to create positive impacts and benefits for local communities.
- Camalco to make annual contributions to various funds, including the Mining Sector Development Fund and the Fund for the Restoration, Rehabilitation, and Closure of Mining Sites.
- The Mining Convention has an initial duration of 20 years, renewable for periods of ten years.
- Camalco commits to start the construction of an alumina refinery within two years and six months from the Commencement Date.
IMPORTANT NOTE: This information is autogenerated and has not been reviewed for accuracy or completeness. You should
refer to the full announcement here for further information.
| Syntara Limited (SNT) ORDINARY FULLY PAID |
Health Care |
$114 |
Phase 2 blood cancer trial fully recruited
|
31 Jul 2024 9:23AM |
$0.032 |
$0.070 |
risen by
118.75%
|
|
| Synertec Corporation Limited (SOP) ORDINARY FULLY PAID |
Industrials |
$14 |
FY24 Q4 Trading & Business Update, Investor Webinar Details
|
31 Jul 2024 9:23AM |
$0.092 |
$0.027 |
fallen by
70.65%
|
|
SOP - Price-sensitive ASX Announcement
Full Release
Key Points
- Synertec's FY24 Q4 business update webinar will be held on August 2, 2024.
- The company's Q4 revenue and other income are estimated between $5.0m and $5.4m.
- FY24 total revenue is projected to be between $19.0m and $19.5m, up 23% from FY23.
- Synertec has achieved its highest revenue since FY19 and has a strong cash balance of $6.4m as of June 2024.
- The company is financially robust with no debt drawdown and $15m available.
- Synertec's Powerhouse technology recorded annualized revenue exceeding $2.4m and over 99.9% power availability.
- Two new second-generation Powerhouse assets were completed on time and budget in June 2024.
- Synertec developed Powerhouse Grid Support to aid vulnerable and unstable electrical grids.
- The engineering business continues to grow profitably, with new clients and ongoing projects.
- The managing director highlighted the company's strong position and disciplined capital deployment.
IMPORTANT NOTE: This information is autogenerated and has not been reviewed for accuracy or completeness. You should
refer to the full announcement here for further information.
| Imricor Medical Systems Inc (IMR) CDI 1:1 US PERSON PROHIBITED EXCLUDING QIB |
Health Care |
$517 |
Ceasing to be a substantial holder
|
31 Jul 2024 9:23AM |
$0.580 |
$1.615 |
risen by
178.45%
|
|
| Opyl Limited (OPL) ORDINARY FULLY PAID |
Information Technology |
$5 |
Opyl - Business Update & Appendix 4C
|
31 Jul 2024 9:22AM |
$0.029 |
$0.021 |
fallen by
27.59%
|
|
OPL - Price-sensitive ASX Announcement
Full Release
Key Points
- Opyl secured its first contract for TrialKey with Brain Vector for $30,000.
- Opyl partnered with L39 Capital to launch a Biotech Fund using TrialKey technology.
- A Memorandum of Understanding was signed with the Xco consortium for marketing TrialKey products.
- Minh-Thu Cao Xuan was appointed as Business Development Manager for TrialKey.
- Opyl launched 'Trial Gen' by TrialKey, an AI-powered tool for clinical trial protocol design.
- Opyl's marketing initiatives included participation in high-profile events and media engagements.
- Opyl successfully divested Opin, improving annual cashflow by $700k.
- Opyl obtained an R&D loan facility from EndPoint Capital for $195k.
- Opyl ended the quarter with a cash position of $374k.
- Payments to related parties totaled $176k, including directors' fees and R&D expenditure.
IMPORTANT NOTE: This information is autogenerated and has not been reviewed for accuracy or completeness. You should
refer to the full announcement here for further information.
| Jayride Group Limited (JAY) ORDINARY FULLY PAID |
Industrials |
$2 |
Quarterly Business Review and Appendix 4C
|
31 Jul 2024 9:22AM |
$0.010 |
$0.002 |
fallen by
85%
|
|
JAY - Price-sensitive ASX Announcement
Full Release
Key Points
- Contribution profit reached $708K in Q4 FY24, the best to date for Jayride
- Net revenue per trip grew to $9.08, up 26% vs Q3
- Contribution profit margin increased to 51%, up 9% vs Q3
- Cash receipts were $1.92M in Q4 and $6.6M for the full year of FY24
- Free cash flow improved to $(228)K in Q4 FY24, with Jayride being free cash flow positive for June
- Cost savings of $3.75 million per year have been fully realized
- Travel agents' platform saw 74% growth since launch
- The company plans to continue improving operational efficiency into FY25
- Jayride focuses on profitability over volume as per the strategic review
- Jayride held $924K in cash and cash equivalents as of 30th June 2024
IMPORTANT NOTE: This information is autogenerated and has not been reviewed for accuracy or completeness. You should
refer to the full announcement here for further information.
| SI6 Metals Limited (SI6) ORDINARY FULLY PAID |
Materials |
$3 |
Quarterly Activities/Appendix 5B Cash Flow Report
|
31 Jul 2024 9:21AM |
$0.002 |
$0.022 |
risen by
1,000%
|
|
SI6 - Price-sensitive ASX Announcement
Full Release
Key Points
- Three exploration programs were completed in Brazil (Padre Paraíso, Caldera, and Caldera South) showing promising lithium and REE results.
- Padre Paraíso's exploration revealed a 3 km x 800 m pegmatite with lithium surface values up to 401 ppm.
- The Pimenta project secured 16 tenements in Brazil, showing potential REE-rich allanite and over 26 km of anomalous thorium radiometric strike.
- Si6 increased its Copper-Silver portfolio in Botswana by 45% with the granting of PL123/2024.
- The company began soil sampling at the Monument Gold Project in Western Australia.
- A Warden’s Court decision favored Si6's amalgamation of 10 prospecting licenses within the Monument Project areas.
- Dr. Paul Woolrich joined the board, adding extensive experience in exploration and mining.
- Net cash used in operating activities was $799,000 for the quarter, with a total net decrease in cash equivalents by $917,000.
IMPORTANT NOTE: This information is autogenerated and has not been reviewed for accuracy or completeness. You should
refer to the full announcement here for further information.
| Beonic Ltd (BEO) ORDINARY FULLY PAID |
Information Technology |
$14 |
Beonic Business Quarterly Review and Appendix 4C
|
31 Jul 2024 9:20AM |
$0.032 |
$0.200 |
risen by
525%
|
|
BEO - Price-sensitive ASX Announcement
Full Release
Key Points
- Beonic's CEO Billy Tucker emphasized the company's strong product-market fit and significant market potential.
- The company launched a Transformation Plan in Q3 FY24 aimed at driving concentrated growth.
- Beonic's recurring revenues for Q4 FY24 were $4.1 million, with total operating revenues of $5.9 million.
- The company raised ~$5.0 million through an institutional placement to fund its strategic initiatives.
- Key contract wins included expansions at London Heathrow International Airport and new contracts at Athens and Wellington Airports.
- Operating cost savings are expected to deliver over $2.0 million in annualized reductions by Q1 FY25.
- The company plans to accelerate investments in R&D and marketing to drive growth.
- Major appointments included Michael McConnell as an independent non-executive director and Michael Pearce as Chief Financial Officer.
IMPORTANT NOTE: This information is autogenerated and has not been reviewed for accuracy or completeness. You should
refer to the full announcement here for further information.
| Foresta Group Holding Limited (FGH) ORDINARY FULLY PAID |
Materials |
$19 |
Proposed issue of securities - FGH
|
31 Jul 2024 9:20AM |
$0.009 |
$0.007 |
fallen by
22.22%
|
|
| Tlou Energy Limited (TOU) ORDINARY FULLY PAID |
Energy |
$22 |
Mezzanine Debt Facility Term Sheet Signed
|
31 Jul 2024 9:20AM |
$0.032 |
$0.017 |
fallen by
46.88%
|
|
TOU - Price-sensitive ASX Announcement
Full Release
Key Points
- Tlou Energy Limited has signed an indicative term sheet for a mezzanine debt facility with a Botswana based investment management firm.
- Principal amount is BWP 76.5 million (~A$8.5 million, ~£4.4 million).
- Tenor is 5 years with a bullet principal repayment at the end of the term.
- Coupon is 15% nominal annual compounded monthly.
- Tlou may capitalize interest payments for the first 24 months.
- Funds will be used for the development of the Lesedi power project.
- Indicative term sheet is non-binding except for certain clauses.
- Final agreement is subject to legal review, due diligence, final documentation, and investment committee approval.
- The announcement constitutes inside information under UK MAR.
- Managing Director is Mr. Anthony Gilby.
IMPORTANT NOTE: This information is autogenerated and has not been reviewed for accuracy or completeness. You should
refer to the full announcement here for further information.
| Peregrine Gold Ltd (PGD) ORDINARY FULLY PAID |
Materials |
$11 |
Quarterly Activities/Appendix 5B Cash Flow Report
|
31 Jul 2024 9:20AM |
$0.185 |
$0.135 |
fallen by
27.03%
|
|
PGD - Price-sensitive ASX Announcement
Full Release
Key Points
- RC drilling returned high-grade intersects at Tin Can prospect.
- Significant intersects include 4 metres @ 11.35g/t and 4 metres @ 10.82g/t.
- Progress on regional reconnaissance including newly acquired tenements.
- Completion of RC drill programme at Newman Gold Project.
- Highlights of the Newman Gold Project include intersections with notable gold content.
- Exploration project planning continued for the Mallina Gold Project and Pilgangoora North Lithium Project.
- Analysis and results of the second phase of drilling at Tin Can are anticipated.
- Company provided Appendix 5B Cash Flow Report showing net cash used in operating activities.
- Payments to related parties and exploration expenses reported.
- Future work includes updates on mapping and sampling programmes.
IMPORTANT NOTE: This information is autogenerated and has not been reviewed for accuracy or completeness. You should
refer to the full announcement here for further information.
| Paladin Energy Ltd (PDN) ORDINARY FULLY PAID |
Energy |
$2,280 |
Fission Files Management Information Circular
|
31 Jul 2024 9:19AM |
$11.070 |
$5.715 |
fallen by
48.37%
|
|
PDN - Price-sensitive ASX Announcement
Full Release
Key Points
- Merged Group will continue managing operating assets similarly to current operations of SLR and RED.
- A review of operations covering strategic, operational, and financial matters will be undertaken to determine optimal strategy.
- The capital structure and capital allocation will be optimized for funding flexibility and opportunities.
- Evaluation of growth opportunities to maximize shareholder value will be conducted.
- The Merged Group will pursue cost optimizations by unlocking procurement, logistics, and corporate synergies.
- The expanded board and management will identify additional opportunities across the portfolio.
- The Merged Group will continue responsible corporate governance and management.
- Facilitation of the sale or cancellation of SLR’s existing shareholding in RED.
- Post-implementation, the Merged Group intends to rebrand under a new name and will have its head office in Perth, Western Australia.
- The Merged Group intends to remain listed on the ASX.
- The Merged Group's issued capital will include new RED shares issued upon vesting and exercise of RED Performance Rights and RED Retention Rights.
- SLR Shareholders will own approximately 48.3% of the Merged Group on a fully diluted basis.
- Directors and senior management of the Merged Group have been identified.
- Employee incentive arrangements will be reviewed post-implementation of the Scheme.
- Material changes in RED's financial position and financial performance are disclosed.
IMPORTANT NOTE: This information is autogenerated and has not been reviewed for accuracy or completeness. You should
refer to the full announcement here for further information.
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