|
Extension of Share Purchase Plan Closing Date
Orion Minerals Limited
Incorporated in the Commonwealth of Australia
Australian Company Number 098 939 274
ASX share code: ORN
JSE share code: ORN
ISIN: AU000000ORN1
Extension of Share Purchase Plan Closing Date
Orion Minerals Limited (ASX/JSE: ORN) (Orion or Company) wishes to advise that the closing date of its Share
Purchase Plan (SPP) (as announced on 8 July 2025) has been extended by one week to 12 August 2025, from
the original closing date of 5 August 2025.
The extension is made in accordance with the terms and conditions set out in the SPP Booklet dated 15 July
2025 (Booklet) and will ensure that all Eligible Shareholders (as defined below) have additional time to
participate in the SPP offer.
As announced on 8 July 2025, the Company has secured firm commitments for a placement of 289 million
new fully paid ordinary shares (Shares) to sophisticated and professional investors (Placement) and
agreement to convert outstanding loan amounts owed by Orion to equity via the issue of 233 million Shares,
for a total aggregate value of ~A$5.8 million (~ZAR67 million). In total, approximately 522 million Shares will be
issued under the Placement and loan conversions, at an issue price (or deemed issue price, as applicable) of
1.1 cents (being ZAR13 cents) per Share (Placement Price). The Placement is expected to be completed
shortly. Orion also announced on 8 July 2025, that it is undertaking the SPP to raise up to A$4 million (~ZAR46
million), providing shareholders an opportunity to increase their shareholding in Orion at the same price as the
Placement Price.
Under the SPP, the Company is offering existing eligible shareholders, being those shareholders with a
registered address in Australia, New Zealand, South Africa, the European Union (Germany and Netherlands),
Jersey (Channel Islands), United Kingdom, Mauritius and Singapore that held Orion shares as at 7.00pm
(Melbourne time) on 7 July 2025 (Record Date) (Eligible Shareholders), the opportunity to purchase Shares
under the SPP.
Under the SPP, each Eligible Shareholder is entitled to apply for parcels of new Shares from a minimum parcel
of A$170 (or ZAR2,000)1 up to a maximum of A$30,000 (or ZAR355,000) 2 without incurring brokerage or
transaction costs. The issue price per Share under the SPP will be 1.1 cents per Share (being ZAR13 cents),
being the same price paid by investors under the Placement (see above).
Eligible Shareholders that have already applied for Shares under the SPP offer are not required to resubmit
their application form unless they wish to apply for additional Shares up to a maximum amount of A$30,000
(or ZAR355,000) as referred to in the Booklet.
No other changes have been made to the terms and conditions of the SPP as set out in the Booklet. Eligible
Shareholders should read the Booklet before deciding whether to participate in the SPP.
Key dates of the revised SPP timetable are set out below:
1 Based on an A$:ZAR exchange rate of approximately 1:11.8.
2 Based on an A$:ZAR exchange rate of approximately 1:11.8 (rounded). If you apply in ZAR, the maximum value of new Shares for which you
will be able to apply (being A$30,000) will be determined by reference to the A$:ZAR exchange rate published by Oanda on its website at
7:00pm Melbourne time on the business day prior to 12 August 2025.
Revised Timetable(1)
Record Date 7:00pm (Melbourne time) on Monday, 7 July 2025
Share Purchase Plan offer opens Tuesday, 15 July 2025
Share Purchase Plan offer closes (Closing Date) 7:00pm (Melbourne time) and
10:00am (South African time) on Tuesday, 12 August 2025
Share Purchase Plan allocation announcement and Scale- Monday, 18 August 2025
back (if any)
Issue Date Tuesday, 19 August 2025
Quotation of New Shares Wednesday, 20 August 2025
Dispatch of holding statements (ASX) Wednesday, 20 August 2025
(i) The timetable is indicative only and Orion may vary any of the above dates in its absolute discretion at any time, subject to the
Corporations Act, the ASX Listing Rules and other applicable laws, by lodging a revised timetable with the ASX and the JSE. Orion
reserves the right to close the Share Purchase Plan early, accept late applications or extend the Closing Date, in its sole and absolute
discretion, should it be considered necessary to do so, by making an announcement to ASX. The commencement of trading and
quotation of shares offered under the Share Purchase Plan is subject to confirmation from ASX.
For and on behalf of the Board.
Denis Waddell
Chairman
1 August 2025
ENQUIRIES
Investors Media JSE Sponsor
Tony Lennox – Managing Director & CEO Nicholas Read Monique Martinez
Denis Waddell – Chairman Read Corporate, Australia Merchantec Capital
T: +61 (0) 3 8080 7170 T: +61 (0) 419 929 046 T: +27 (0) 11 325 6363
E: info@orionminerals.com.au E: nicholas@readcorporate.com.au E: monique.martinez@merchantec.com
Date: 01-08-2025 09:06:00
Produced by the JSE SENS Department. The SENS service is an information dissemination service administered by the JSE Limited ('JSE').
The JSE does not, whether expressly, tacitly or implicitly, represent, warrant or in any way guarantee the truth, accuracy or completeness of
the information published on SENS. The JSE, their officers, employees and agents accept no liability for (or in respect of) any direct,
indirect, incidental or consequential loss or damage of any kind or nature, howsoever arising, from the use of SENS or the use of, or reliance on,
information disseminated through SENS. |
|
