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FSE
FSE
FSE - Firestone Energy Limited - Breach of Trading Policy
FIRESTONE ENERGY LIMITED
(formerly: Centralian Minerals Limited)
(Incorporated in Australia)
(Registration number ABN 058 436 794)
Share code on the JSE Limited: FSE
Share code on the ASX: FSE
ISIN: AU000000FSE6
(SA company registration number 2008/023973/10)
("FSE" or "the Company")
Breach of Trading Policy
Firestone Energy Limited (ASX/JSE:FSE - "Firestone" or "the Company")
Firestone refers to the attached appendix 3Y "Change of Director`s Interests
Notice" lodged today by Mr David Perkins, a director of the Company.
Mr Perkins purchased 2,000,000 ordinary shares on 4 May 2011, two days after
Firestone announced that it proposed to offer shareholders of Firestone (who
were shareholders at 5pm on Friday, 29 April 2011) the opportunity to subscribe
for shares under a share purchase plan (SPP) and be allocated free attaching
options under an accompanying prospectus (Prospectus).
Mr Perkins immediately informed the Company of the trade and acknowledged that
he had inadvertently traded in a prohibited period by reason of the Prospectus
being a "disclosure document offering securities" for the purposes of the
Company`s trading policy.
The Prospectus under which the free attaching options are offered to
shareholders is not itself intended to raise funds, but is required for
technical reasons due to the inclusion of free attaching options under the SPP
(SPPs without options are exempt under ASIC Class Order (CO 09/425) from the
disclosure provisions contained in Chapter 6D of the Corporations Act 2001
(Cth)). For the purpose of clarity, Mr Perkins` trade does not render him
eligible to participate under the SPP as it occurred after the record date.
The Company takes its securities trading policy seriously and the Company
Secretary has reminded all Directors and Senior Management of their obligations.
In this instance the Company is satisfied that the trade and subsequent breach
of the Trading Policy was unintentional.
Jerry Monzu
Company Secretary
Firestone Energy Limited
10 May 2011
Pretoria
Sponsor and Corporate Advisor
River Group
Date: 10/05/2011 10:04:16 Produced by the JSE SENS Department.
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