Level 11, 139 Macquarie Street, Sydney, NSW, 2000
8 July 2014 Implementation of SchemeMurchison Metals Limited (MMX) is pleased to announce that the scheme of arrangement under which MMX will merge with Mercantile Investment Company Limited (MVT) has been implemented today.
Issue of Scheme Consideration
Capitalised terms have the meaning given to them in the Scheme Booklet prepared and issued by MMX to Scheme Participants.
The Scheme Consideration will be issued as follows: (a) Scrip Consideration
For Scheme Participants who elected to receive Scrip Consideration for either 100% or 50% of their Scheme Consideration, 0.3171 New MVT Shares will be issued for each MMX Share held by Scheme Participants on the Record Date (7.00pm on Tuesday 1 July 2014). This also includes those Scheme Participants or who did not make a valid election such that they were taken to have elected to receive a 50/50 combination of Cash Consideration and Scrip Consideration (other than Ineligible
Shareholders).
Confirmation statements will be despatched to MMX shareholders today. (b) Cash Consideration
For Scheme Participants who elected to receive Cash Consideration, for
either 100% or 50% of their Scheme Consideration, $0.0483 will be distributed for each MMX Share held by Scheme Participants registered on the Record Date (7.00pm on Tuesday 1 July 2014). This includes those Scheme Participants who did not make a valid election such that they were taken to have elected to receive a 50/50 combination of Cash Consideration and Scrip Consideration.
The Cash Consideration will be distributed as a cheque or direct deposit1
within 5 Business Days of the Implementation Date (8 July 2014).
As a result of the scheme of arrangement the Company has 77,568,408 ordinary shares on issue.
1 If the Scheme Participant has nominated by notice to MMX or Link Market Services on or before the Record Date a bank account for the purpose of payment of the Scheme Consideration, the Cash Consideration will be transferred to the nominated bank account.
www.mml.net.auABN: 38 078 257 799
Level 11, 139 Macquarie Street, Sydney, NSW, 2000
Resignation and Appointment of Directors
As announced on 7 July 2014 as a result of the Scheme being implemented, Paul Jensen will resign from the MMX board, effective today. A Final Director's Interest Notice from Mr Jensen follows.
James Chirnside was appointed as a director of the MMX board effective 7 July
2014, and Mark Licciardo and Gabriel Radzyminski will remain as directors of
MMX. Mark Licciardo will remain as company secretary of MMX.
www.mml.net.auABN: 38 078 257 799
Appendix 3Z Final Director's Interest Notice
Appendix 3Z Final Director's Interest NoticeRule 3.19A.3
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 Murchison Metals Ltd
ABN 38 078 257 799
We (the entity) give ASX the following information under listing rule 3.19A.3 and as agent for the director for the purposes of section 205G of the Corporations Act.
Name of director | Paul David Kristian Jensen |
Date of last notice | 29 November 2012 |
Date that director ceased to be director | 8 July 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
+ See chapter 19 for defined terms.
11/3/2002 Appendix 3Z Page 1
Appendix 3Z
Final Director's Interest Notice
Part 2 - Director's relevant interests in securities of which the director is not the registered holder
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.
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
Nil
Number & class of securities
Part 3 - Director's interests in contracts
Detail of contract | N/A |
Nature of interest | N/A |
Name of registered holder (if issued securities) | N/A |
No. and class of securities to which interest relates | N/A |
+ See chapter 19 for defined terms.
Appendix 3Z Page 2 11/3/2002
distributed by |