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:
|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
- Demerger Booklet including Notice of Meeting
- Demerger Letter to Holders and Meeting Information
- Appendix 3A.5
- Proxy Form for Demerger Extraordinary General Meeting
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 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