Demerger Information - Alkane Resources Ltd
Level 12, 37 Bligh Street +61 2 8233 6168 contact@irmau.com

The board of Alkane Resources is progressing the demerger of Australian Strategic Materials (ASM), and listing ASM on the ASX, subject to finalisation of outstanding regulatory matters and shareholder approval at an Alkane Shareholder Meeting to be convened on 16 July 2020 at 10:00 am (AWST). ASM is currently anticipated to list towards the end of July 2020.

Below is information relating to the demerger:

 

Important documents

 

Timetable

Event Indicative Date
Deadline for receiving proxy votes for the Extraordinary General Meeting  14 July 2020, 10am (AWST)
Extraordinary General Meeting to consider approving Capital Reduction and Demerger 16 July 2020
Demerger Effective Date 17 July 2020
If the Demerger is approved and the necessary conditions are satisfied; last day of trading in Alkane Shares on a “cum” basis 20 July 2020
Trading of Alkane Shares on an “ex” basis commences 21 July 2020
Record Date for Demerger 22 July 2020
In Specie Distribution of ASM Shares 29 July 2020
Anticipated commencement of normal trading in ASM Shares 30 July 2020

 

Relevant ASX announcements

17 June 2020

20 May 2020

 

Register for the EGM

To register you must log in to the Online Portal at https://web.lumiagm.com/350099625 or via the “Lumi AGM” app available for download to your mobile device. For further details please refer to the Guide.

 

Proxy Voting

Proxy Forms can be lodged online at advancedshare.com.au/investor-login or sent by mail to the Company’s Share Registry, Advanced Share Registry Services, so that it is received by 10:00am (AWST) on 14 July 2020.

 

More about ASM

To learn more about ASM visit the ASM website or stay up to date by subscribing to ASM news.

Visit the ASM website