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Tue 1 Jun 2010, 7:06 GDO - Gold One - Appendix 3B - New issue announcement application for quotation
GDO
GDO                                                                             
GDO - Gold One - Appendix 3B - New issue announcement, application for quotation
of additional securities and agreement                                          
Gold One International Limited                                                  
(Previously BMA Gold Limited)                                                   
Registered in Western Australia under the Corporations Act, 2001                
(Cth)(Registration number ACN: 094 265 746)                                     
Registered as an external company in the Republic of South Africa (Registration 
number: 2009/000032/10)                                                         
Share code on the ASX/JSE: GDO                                                  
ISIN: AU000000GDO5                                                              
OTCQX International: GLDZY                                                      
("Gold One" or the "company")                                                   
APPENDIX 3B - NEW ISSUE ANNOUNCEMENT, APPLICATION FOR QUOTATION OF ADDITIONAL   
SECURITIES AND AGREEMENT                                                        
Gold One today, 1 June 2010, submitted to the Australian Securities Exchange    
("ASX") an Appendix 3B "New issue announcement, application for quotation of    
additional securities and agreement" in respect of the grant of 3,397,200 GDOAU 
options to employees under the Gold One Share Incentive Scheme and 17,600,000   
GDOAR options to Directors of the company as approved by shareholders on 19 May 
2010.                                                                           
Note: GDOAU and GDOAR refer to the different unlisted option classes of the     
company as classified by the ASX                                                
QUOTE                                                                           
NAME OF ENTITY                                                                  
Gold One International Limited                                                  
ABN                                                                             
35 094 265 746                                                                  
We (the entity) give ASX the following information                              
PART 1 - ALL ISSUES                                                             
1. Class of securities issued or to be issued                                   
Unlisted share options (GDOAU)                                                  
Unlisted share options (GDOAR)                                                  
2. Number of securities issued or to be issued (if known) or maximum number     
which may be issued                                                             
3,397,200 GDOAU                                                                 
17,600,000 GDOAR                                                                
3. Principal terms of the securities (eg, if options, exercise price and expiry 
date; if partly paid securities, the amount outstanding and due dates for       
payment; if convertible securities, the conversion price and dates for          
conversion)                                                                     
GDOAU options exercisable at ZAR 1.79 expiring 20 May 2015                      
GDOAR options exercisable at AUD 0.27 expiring 20 May 2015                      
4. Do the securities rank equally in all respects from the date of allotment    
with an existing +class of quoted securities?                                   
Yes                                                                             
If the additional securities do not rank equally, please state:                 
- the date from which they do                                                   
- the extent to which they participate for the next dividend, (in the case of a 
trust, distribution) or interest payment                                        
- the extent to which they do not rank equally, other than in relation to the   
next dividend, distribution or interest payment                                 
5. Issue price or consideration                                                 
Not Applicable                                                                  
6. Purpose of the issue:                                                        
(If issued as consideration for the acquisition of assets, clearly identify     
those assets)                                                                   
Grant of unlisted GDOAU options to employees under the Gold One Share Incentive 
Scheme                                                                          
Grant of unlisted GDOAR options to Directors as approved by shareholders on 19  
May 2010. The GDOAR options have been granted on the terms and conditions set   
out in the Terms and Conditions of Directors` Options which follow as a schedule
to this Appendix.                                                               
7. Dates of entering securities into uncertificated holdings or despatch of     
certificates                                                                    
31 May 2010                                                                     
8. Number and class of all securities quoted on ASX (including the securities in
clause 2 if applicable)                                                         
Number       Class                                                             
 805,894,985  Fully paid ordinary shares                                        
 6,561,956    Options to acquire fully paid ordinary shares                     
9. Number and class of all securities not quoted on ASX (including the          
securities in clause 2 if applicable)                                           
 Number       Class                                                             
 80,142,181   Unlisted options                                                  
 501          Convertible bonds                                                 
10. Dividend policy (in the case of a trust, distribution policy) on the        
increased capital (interests)                                                   
Not Applicable                                                                  
PART 2  BONUS ISSUE OR PRO RATA ISSUE                                           
Questions 11 to 33 - Not Applicable                                             
PART 3 - QUOTATION OF SECURITIES                                                
34. Type of securities (tick one)                                               
a. Securities described in part 1  (Yes)                                        
b. All other securities  (No)                                                   
Questions 35 to 42 - Not Applicable                                             
QUOTATION AGREEMENT                                                             
1. Quotation of our additional securities is in ASX`s absolute discretion. ASX  
may quote the securities on any conditions it decides.                          
2. We warrant the following to ASX.                                             
- The issue of the +securities to be quoted complies with the law and is not for
an illegal purpose.                                                             
- There is no reason why those securities should not be granted quotation.      
- An offer of the +securities for sale within 12 months after their issue will  
not require disclosure under section 707(3) or section 1012C(6) of the          
Corporations Act.                                                               
- Note: An entity may need to obtain appropriate warranties from subscribers for
the securities in order to be able to give this warranty                        
- Section 724 or section 1016E of the Corporations Act does not apply to any    
applications received by us in relation to any securities to be quoted and that 
no-one has any right to return any securities to be quoted under sections 737,  
738 or 1016F of the Corporations Act at the time that we request that the       
+securities be quoted.                                                          
- If we are a trust, we warrant that no person has the right to return the      
securities to be quoted under section 1019B of the Corporations Act at the time 
that we request that the securities be quoted.                                  
3. We will indemnify ASX to the fullest extent permitted by law in respect of   
any claim, action or expense arising from or connected with any breach of the   
warranties in this agreement.                                                   
4. We give ASX the information and documents required by this form. If any      
information or document not available now, will give it to ASX before quotation 
of the securities begins. We acknowledge that ASX is relying on the information 
and documents. We warrant that they are (will be) true and complete.            
Signed 31 May 2010                                                              
Company Secretary (Australia): Kellie Pickering                                 
Schedule                                                                        
TERMS AND CONDITIONS OF DIRECTORS` OPTIONS                                      
1. THE OPTIONS                                                                  
1.1 Certificate                                                                 
The Company must issue a certificate for the Options which will include a form  
of notice for the exercise of some or all of the Options.                       
1.2 Notices of meeting                                                          
The Company must give the Holder of an Option notice of general meeting (and    
financial reports required at those meetings).                                  
1.3 No transfer                                                                 
Each Option is personal to the Holder and is not transferable, transmissible,   
assignable or chargeable, except in accordance with clause 5.1                  
1.4 Lapse                                                                       
Each Option lapses:                                                             
(a) on exercise of the Option under clause 3.3;                                 
(b) if the Option has not been exercised by the Expiry Time;                    
(c) if the Company becomes aware of circumstances which, in the reasonable      
opinion of the Board indicate that the                                          
Underlying Director has acted fraudulently, dishonestly or in a manner which is 
in breach of his or her obligations to the                                      
Company or any Associated Company and the Board (in its absolute discretion)    
determines that the Option lapses;                                              
(d) if the Company commences to be wound up; or                                 
(e) if the Director ceases to hold the office of Director, or be engaged in any 
other role which constitutes employment for the purposes of section 83A - 325 of
the Income Tax Assessment 1997 (Cth), with the Company prior to the Vesting Date
for the Option.                                                                 
2. VESTING OF OPTIONS                                                           
2.1 Vesting                                                                     
Options shall vest on the dates stipulated in the Option Certificates applicable
to the Options concerned.                                                       
3. EXERCISE OF OPTIONS                                                          
3.1 Exercise                                                                    
The Holder may exercise an Option only:                                         
(a) during an Exercise Period;                                                  
(b) during any of:                                                              
(i) each bid period before the Expiry Time; or                                  
(ii) each Change in Control Period before the Expiry Time;                      
(c) by doing during that Exercise Period everything required by clause 3.3;     
(b) by at the same time either:                                                 
(i) exercising all the Options which the Holder is then entitled to exercise; or
(ii) exercising a number of Options such that the Company will issue a minimum  
number of Shares that the Company                                               
has determined, or a multiple of that number; and                               
(c) if not prevented from doing so by clause 5.1.                               
3.2 Other Options                                                               
The exercise of an Option does not prevent the exercise of any other Option.    
3.3 Manner of exercise                                                          
The Holder may exercise Options by forwarding to the registered office of the   
Company:                                                                        
(a) the certificate for those Options;                                          
(b) the form of notice for the exercise of the Options completed and specifying 
the number of Options exercised; and                                            
(c) payment of the Exercise Price for each Option exercised, unless Financial   
Assistance is granted by the Company in respect of the exercise of such Option. 
3.4 Payment                                                                     
Exercise of an Option is only effective when the Company receives full value for
the full amount of the Exercise Price in cleared funds or grants Financial      
Assistance in respect of the exercise thereof.                                  
3.5 Financial Assistance                                                        
The Company may agree in writing with the Holder to grant Financial Assistance  
on terms determined by the Board in respect of the Exercise Price or any portion
thereof, to enable the Holder to exercise his or her Options to acquire Shares  
in the Company either by way of the granting of a loan to enable the Holder to  
pay the Exercise Price, or by way of a sale on extended terms of credit.        
Accordingly, it is recognised that such debt, duty or obligation might          
constitute a debt arising out of monies lent and advanced, or a debt arising out
of an obligation to pay the balance of the Exercise Price.                      
3.6 Pledge of the Shares                                                        
In terms of the Financial Assistance provided to the Holder for the Exercise    
Price or any portion thereof, to enable the Holder to exercise his or her       
Options to acquire Shares, such Shares may be required by the Company to be     
pledged by the Holder to the Company and such Pledge shall be deemed to have    
been effected upon and subject to the following terms and conditions:           
(a) the Shares which shall be subject to the Pledge shall include all Shares of 
the Holder in respect of which Financial Assistance has been given and remains  
unpaid by the Holder;                                                           
(b) the Pledged Shares shall be Pledged as security for the due payment by the  
Holder of the Exercise Price in respect of the Shares; and                      
(c) the Pledge shall include a cession and assignment by the Holder to the      
Company of all the holder`s right, title and interest in and to all and any     
dividends in respect of all Pledged Shares. Notwithstanding such cession, the   
Beneficiary shall remain liable for the payment of all taxation in respect of   
the dividends paid on the Pledged Shares concerned, if any, and the Company     
shall, on the Holder`s behalf, appropriate such portion of the dividends may be 
necessary for the payment of such taxation.                                     
3.7 Interest                                                                    
Should the Company decide to impose interest in regard to any amounts owing by  
the Holder pursuant to any Financial Assistance, then the rate of interest shall
be in the Company`s discretion and may be varied annually in arrears, or        
advance, but shall not at any time exceed prime rate lending from time to time  
of the Company`s bankers as evidenced by the certificate of any of those        
bankers, whose certificate shall be final and binding on the parties in the     
absence of manifest error. Such interest shall also be debited monthly in       
arrears and shall be payable together with the Exercise Price or portion        
thereon, as the case may be.                                                    
3.8 Balance certificate                                                         
If the Participant exercises less than all of the Options in a certificate for  
the Options, the Company must issue to the Holder a certificate for the         
remaining Options.                                                              
4. ALLOTMENT AND RANKING OF SHARES                                              
4.1 Allotment of shares                                                         
The Company must issue to the Holder the Shares to be issued on exercise of an  
Option within five Business Days of the date on which the notice of exercise    
took effect.                                                                    
4.2 Statement of holding                                                        
The Company must forward to the Holder a statement of holding or certificate for
the Shares issued on exercise of an Option within five Business Days of their   
issue.                                                                          
4.3 Share allotted upon exercise of Option                                      
The Share allotted and issued on exercise of an Option:                         
(a) is subject to the constitution of the Company; and                          
(b) ranks equally in every way (including for dividends for which entitlement is
determined after the allotment) with those then issued Shares whose holders are 
entitled to participate in full in any dividend.                                
4.4 Quotation/Listing of Shares                                                 
When the Option is exercised, the Company must apply to ASX and JSE (as well as 
any other stock exchange on which the Shares of the Company are quoted/listed)  
for, and will use its best endeavours to obtain, quotation/listing for the      
Shares to be issued to the Holder on exercise of the Option.                    
5. TERMINATION OF EMPLOYMENT OF UNDERLYING DIRECTOR                             
5.1 Termination of Employment of Holder                                         
If the Underlying Director ceases to be a Director for any reason whatsoever,   
the Holder or the Holder`s Personal Representative can exercise an Option, but  
only:                                                                           
(a) if the Vesting Date for that Option had arrived as at the date of the       
Underlying Director ceasing to be a Director;                                   
(b) with the written approval of the Board (which it may give or withhold in its
absolute discretion);                                                           
(c) within a period of 120 days after the date of the Underlying Director       
ceasing to be a Director; and                                                   
(d) otherwise in accordance with clause 3.                                      
5.2 Board may consider relevant matters                                         
In making a decision whether to grant approval under clause 5.1(b), the Board   
may consider any relevant matter, but need not disclose reasons for its         
decision. For example, the Board may consider:                                  
(a) whether the Underlying Director ceased to be a Director by reason of        
retirement, ill-health, accident or redundancy;                                 
or                                                                              
(b) whether the Underlying Director ceased to be a Director by reason of        
dishonest, fraudulent or grossly negligent or wilful conduct (whether proved,   
suspected or otherwise) or by voluntary resignation.                            
5.3 No additional rights                                                        
A Holder, a Holder`s Personal Representative and an Underlying Director do not  
have any additional rights:                                                     
(a) to compensation or damages as a result of the termination of appointment or 
employment; or                                                                  
(b) in respect of an Option following exercise in accordance with clause 5.1.   
6. ADJUSTMENT                                                                   
6.1 Participation in new issues                                                 
Except in respect of any Shares already held by the Holder, the Holder of an    
Option may not participate in new issues of Shares unless the Holder exercises  
that Option and becomes the Holder of Shares prior to the record date for the   
new issue of Shares.                                                            
6.2 Rights/entitlements issues                                                  
If after the Vesting Date but before the Expiry Time, the Company makes a pro   
rata offer or invitation to holders of Shares or securities of the Company or   
any other entity, the Company must give the Holder notice not less than 9       
Business Days before the Record Date to determine entitlements to receive that  
offer or invitation to enable the Holder to exercise the Option (if capable of  
exercise) and receive that offer or invitation in respect of the Shares allotted
on exercise of the Option.                                                      
6.3 Pro rata issues                                                             
If before the Expiry Time the Company gives holders of Shares the right (pro    
rata with existing shareholdings) to subscribe for additional securities and the
Option is not exercised as contemplated by clause 6.2, the Exercise Price of an 
Option after the issue of those securities may be reduced in accordance with the
formula set out in Schedule 1.                                                  
6.4 Pro rata bonus issues                                                       
If before the Expiry Time the Company makes a pro rata bonus issue to holders of
Shares and an Option is not exercised before the Record Date to determine       
entitlements to that bonus issue, the number of securities to be issued on      
exercise of the Option is the number of Shares before that bonus issue plus the 
number of securities which would have been issued to the Holder if the Option   
had been exercised before that Record Date.                                     
6.5 Subdivision or consolidation                                                
If before the Expiry Time the Company subdivides or consolidates its Shares, the
Options must be subdivided or consolidated (as the case may be) in the same     
ratio as the Shares and the Exercise Price must be amended in inverse proportion
to that ratio.                                                                  
6.6 Return of capital                                                           
If before the Expiry Time the Company makes a return of capital, the number of  
Options remains the same, and the Exercise Price of each Option is reduced by   
the same amount as the amount returned in relation to each Share.               
6.7 Cancellation of capital that is lost                                        
If before the Expiry Time the Company makes a cancellation of any paid up share 
capital that is lost or not represented by available assets, the number of      
Options and the Exercise Price of each Option is unaltered.                     
6.8 Pro rata cancellation of capital                                            
If before the Expiry Time the Company reduces its issued share capital on a pro 
rata basis, the number of Options must be reduced in the same ratio as the      
Shares and the Exercise Price of each Option must be amended in inverse         
proportion to that ratio.                                                       
6.9 General reorganisation                                                      
If before the Expiry Time the Company reorganises its issued share capital in   
any way not contemplated by this clause 6, the number of Options or the Exercise
Price, or both, must be reorganised so that the Holder will not receive a       
benefit that holders of Shares do not receive.                                  
6.10 Cumulative adjustments                                                     
Each adjustment under clauses 6.2 to 6.9 must be made for every unexercised     
Option every time the relevant clause applies before the Expiry Time.           
6.11 Rounding                                                                   
Until an Option is to be exercised, all calculations adjusting the number of    
Shares or the Exercise Price must be carried out to include all fractions, but  
on exercise the number of Shares issued is rounded down to the next lower whole 
number and the Exercise Price rounded up to the next higher cent.               
6.12 Notice of adjustment                                                       
The Company must give notice to the Holder of any adjustment to the number,     
description or items of security which are to be issued on exercise of an Option
or to the Exercise Price, and must do so in accordance with any applicable      
Trading Rules. This notice may be in the form of a revised certificate for the  
Option.                                                                         
6.13 Trading Rules                                                              
An adjustment must not be made under this clause 6 unless it is consistent with 
the Trading Rules. The Company may amend the terms of any Option, or the rights 
of any Holder, to comply with the Trading Rules applying at the time to any re- 
organisation of capital of the Company.                                         
7. AMENDMENT OF OPTION TERMS                                                    
7.1 Consistency with Trading Rules                                              
If the Company is admitted to either or both the Official List of ASX or a      
member of CHESS or Strate, the following provisions (as appropriate) apply      
(unless ASX, the ASTC or the JSE or Strate waives the relevant Trading Rule in  
writing):                                                                       
(a) Despite anything contained in these terms, if the Trading Rules prohibit an 
act being done, the act must not be done.                                       
(b) Nothing in these terms prevents an act being done that the Trading Rules    
require to be done.                                                             
(c) If the Trading Rules require an act to be done or not to be done, authority 
is given for that act to be done or not to be done (as the case may be).        
(d) If the Trading Rules require these terms to contain a provision and they do 
not contain such a provision, these terms are taken to contain that provision.  
(e) If the Trading Rules require these terms to contain a provision and they    
contain such a provision, these terms are taken not to contain that provision.  
(f) If any provision of these terms is or becomes inconsistent with the Trading 
Rules, these terms are taken not to contain that provision to the extent of the 
inconsistency.                                                                  
7.2 Hardship                                                                    
Subject to clause 7.3, the Board may if it reasonably forms the opinion that the
operation of these terms is or may be unfair, harsh or unconscionable for any   
Holder (or a Holder`s heirs) in the circumstances relating to that Holder,      
alter, amend or vary these terms or their operation by notice in writing to the 
affected Holder.                                                                
7.3 Trading Rules                                                               
Subject to clause 7.4, the Board must comply with any restrictions or procedural
requirements under the Trading Rules for amending the terms of issued options,  
unless those restrictions or requirements are expressly or impliedly relaxed or 
waived by ASX or JSE (as the case may be) or any of its delegates generally, or 
in a particular case or class of cases.                                         
7.4 Conflicts between Trading Rules                                             
Notwithstanding anything else in these terms, if there is a conflict between the
restrictions or requirements under different Trading Rules, the Board may, in   
its absolute discretion, determine the appropriate manner of dealing with that  
conflict as it considers appropriate.                                           
8. GENERAL                                                                      
8.1 Governing law                                                               
(a) This Plan is governed by the law in force in New South Wales.               
(b) The Company and each Holder submit to the non-exclusive jurisdiction of the 
courts exercising jurisdiction in New South Wales, and any court that may hear  
appeals from any of those courts, for any proceedings in connection with these  
terms, and waive any right they might have to claim that those courts are an    
inconvenient forum.                                                             
8.2 No interest in Shares                                                       
A Holder has no interest in a Share the subject of an Option unless and until   
the Share is allotted to the Holder on exercise of the Option.                  
9. INTERPRETATION                                                               
9.1 Rules for interpreting this document                                        
Headings are for convenience only, and do not affect interpretation. The        
following rules also apply in interpreting this document, except where the      
context makes it clear that a rule is not intended to apply.                    
(a) A reference to:                                                             
(i) legislation (including subordinate legislation) is to that legislation as   
amended, re-enacted or replaced, and includes any subordinate legislation issued
under it;                                                                       
(ii) a document (including this document) or agreement, or a provision of a     
document (including this document) or agreement, is to that document, agreement 
or provision as amended, supplemented, replaced or novated;                     
(iii) a party to this document or to any other document or agreement includes a 
permitted substitute or a permitted assign of that party;                       
(iv) a person includes any type of entity or body of persons, whether or not it 
is incorporated or has a separate legal identity, and any executor,             
administrator or successor in law of the person; and                            
(v) anything (including a right, obligation or concept) includes each part of   
it.                                                                             
(b) A singular word includes the plural, and vice versa.                        
(c) A word which suggests one gender includes the other genders.                
(d) If a word or phrase is defined, any other grammatical form of that word or  
phrase has a corresponding meaning.                                             
(e) If an example is given of anything (including a right, obligation or        
concept), such as by saying it includes something else, the example does not    
limit the scope of that thing.                                                  
(f) A reference to dollars or A$ is to Australian currency.                     
(g) A reference to ZAR is to South African currency.                            
(h) The words subsidiary, holding company, related body corporate, bid period   
and voting power have the same meanings as in the Corporations Act.             
9.2 Business Days                                                               
If the day on or by which a person must do something under this document is not 
a Business Day:                                                                 
(a) if the act involves a payment that is due on demand, the person must do it  
on or by the next Business Day; and                                             
(b) in any other case, the person must do it on or by the previous Business Day.
10. DICTIONARY                                                                  
10.1 Definitions                                                                
The following definitions apply in this document:                               
Acceptance Date means, in respect of an Option, the date of grant of that       
Option.                                                                         
Associated Company means:                                                       
(a) any company that is a related body corporate of the Company;                
(b) any company which has 20% or more of the voting power in the Company; or    
(c) any company in which the Company has 20% or more of the voting power.       
ASX means the Australian Securities Exchange or ASX Limited (ABN 98 008 624     
691), as the context requires.                                                  
Board means the board of Directors of the Company.                              
Business Day means a "business day" under the Listing Rules.                    
Change in Control means:                                                        
(a) a person`s voting power in the Company increases from less than 30% to 30%  
or more; or                                                                     
(b) a person`s voting power in the Company decreases from 30% or more to less   
than 30%; or                                                                    
(c) the Board resolving that it considers that a person who previously had not  
been in a position to do so, is in the position, directly or indirectly, and    
either alone or with associates to remove one-half or more of the Directors.    
Change in Control Period means, in relation to a Change in Control, the 20      
Business Days after the day on which the Change in Control occurred, in which   
event the Company shall notify all the Holders in writing of the Change in      
Control.                                                                        
CHESS means the Clearing House Electronic Subregister System operated by ASX    
Settlement and Transfer Corporation Pty Limited, and includes any applicable    
clearing and settlement facility that is a prescribed CS facility under the     
Corporations Act.                                                               
Company means Gold One International Limited ABN 35 094 265 746.                
30                                                                              
Corporations Act means the Corporations Act 2001 (Cth) of Australia.            
Director means a director of the Company.                                       
Director Nominee has the meaning given to it by clause 1.3(b).                  
Expiry Time means the earlier of:                                               
(a) 5.00pm Australian Eastern Standard time on the Expiry Date;                 
(b) 5.00pm Australian Eastern Standard time on the 120th day after the date of  
the Holder ceasing to be an Director; and                                       
(c) where the Holder ceases to be a Director, the time of the Board notifying   
the Holder that the Options are not able to be exercised under clause 5.1.      
Expiry Date means, in respect of an Option, the date that is 5 years from the   
Acceptance Date.                                                                
Exercise Period means the period from the Vesting Date up to the Expiry Time.   
Exercise Price means, in respect of an Option, the amount specified as the      
Exercise Price of that Option in its Option Certificate, or that sum as adjusted
under clause 6 of these terms.                                                  
Financial Assistance means financial assistance made available by the Company to
the Holder to enable the Holder to exercise his or her Options in accordance    
with clause 3.5.                                                                
Holder means the holder of an Option.                                           
JSE means JSE Limited (Registration No. 2005/022939/06), a public company       
incorporated under the laws of South Africa, trading as a securities exchange at
Johannesburg, South Africa.                                                     
Listing Rules means the listing rules of ASX and the Listings Requirements of   
the JSE as they apply to the Company from time to time.                         
Option means an option to subscribe for one Share at the Exercise Price (subject
to adjustment under clause 6).                                                  
Option Certificate means, for an Option, the certificate issued in respect of   
that Option pursuant to clause 1.1.                                             
Option Period means, for an Option, the period starting on the date on which the
Company grants the Option and ending at the Expiry Time.                        
Personal Representative means the legal personal representative of a Holder who:
(a) has died; or                                                                
(b) whose estate becomes liable to be dealt with under the laws relating to     
mental health.                                                                  
Pledge means the pledge by a Holder of Shares purchased by him/her in terms of  
an offer for the purpose of securing Financial Assistance granted by the Company
to such Holder for the purchase of those Shares.                                
Record Date has the meaning given by the Listing Rules.                         
Share means one fully paid ordinary share in the Company.                       
Strate means Strate Limited (Registration No. 1998/0222242/06), a public company
incorporated in South Africa, which is licensed to central securities depository
in terms of the Securities Services Act (South Africa) which is responsible for 
the electronic clearing and settlement used by the JSE.                         
Trading Rules means the:                                                        
(a) Listing Rules, any other rules of ASX applying to the Company while it is   
admitted to the official list of ASX, and the ASTC settlement rules (or other   
operating rules) as amended or replaced; and                                    
(b) JSE Listing Requirements, any other rules of the JSE applying to the Company
while it is admitted to listing on the JSE and the Strate settlement rules or   
other operating rules, as amended or replaced.                                  
Underlying Director means:                                                      
(a) if the Holder is a director of the Company, the Holder; or                  
(b) if the Holder is a Director Nominee, the Director for whom the Holder holds 
the Options for the purposes of clause 1.3(b).                                  
Vesting Date means the date on which an Option vests, as described in clause 2. 
SCHEDULE 1                                                                      
O1 = O - E ((P - (S + D))/(N + 1))                                              
where:                                                                          
O1 =The new Exercise Price of the Option.                                       
O = The old Exercise Price of the Option.                                       
E = The number of Shares into which an Option is exercisable.                   
P = The average closing price (excluding special crossings, overnight sales and 
exchange traded option exercises) on the Stock Exchange Automated Trading System
provided for the trading of securities on ASX of Shares (weighted by reference  
to volume) during the 5 trading days before the ex rights date or ex            
entitlements date, converted from dollars into ZAR (if necessary) at the        
prevailing exchange rate considered appropriate by the Board.                   
S = The subscription price for one security under the renounceable rights or    
entitlements issue, converted from dollars into ZAR (if necessary) at the       
prevailing exchange rate considered appropriate by the Board.                   
D = The dividend due but not yet paid on existing Shares (except those to be    
issued under the renounceable rights issue or entitlements issue), converted    
from dollars into ZAR (if necessary) at the prevailing exchange rate considered 
appropriate by the Board.                                                       
N = Number of Shares with rights or entitlements required to be held to receive 
a right to one new security                                                     
UNQUOTE                                                                         
Parktown, Johannesburg                                                          
1 June 2010                                                                     
JSE SPONSOR                                                                     
Macquarie First South Advisers (Pty) Limited                                    
Date: 01/06/2010 07:06:02 Produced by the JSE SENS Department.                  
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