APG 0.00% 0.2¢ austpac resources nl

Ann: Revised Appendix 3Y, page-25

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  1. 157 Posts.
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    So, APG chairman Cuthbertson "misstated the amount of fully paid ordinary shares" he owned in the Directors Interest Notice (3Y) that was submitted back on 25 Dec 2015.
    In the statement accompanying the Revised 3Y, it states that these "misstatements" were clerical errors on the part of previous APG company secretary Gaston.

    In the 3 page statement it mentions that the " correct disclosure should have been 17,667,667 fully paid ordinary shares (FPO)".

    If you go to the ASX website, Company announcements - you can easily find the original 3Y for 25 Dec 2015. I will summarize what it said below:

    Appendix 3Y Director -Terry Cuthbertson
    Indirect Interest - Kore Management Services
    Date of change - 4 Dec 2015
    No of securities held prior to change - 7,166,667
    Class - ordinary shares
    Number acquired - 2,500,000
    Value/consideration - $15,000
    No. of securities after change - 9,666,667
    Nature of change - Shareholder Share Purchase Plan

    To refresh shareholders memories - a Shareholdrer Share Purchase Plan (SSPP) was announced in Sep 2015, extended a few times and finally completed on 30 Nov 2015.
    At the time, all 3 directors, Cuthbertson, Turbot & Harrison, took up their full entitlement of 2,500,000 shares at $0.06 ie value = $15,000


    Now lets look at the recently released, Revised 3Y for 25 Dec 2015. I will summarize the info that relates to FPO shares below - make it easy to compare.

    Appendix 3Y Director - Terry Cuthbertson
    Indirect Interest - Kore Management services, of which Mr Cuthbertson, is the sole director, secretary and shareholder.
    Date of change - 24 Apr 2019
    No of securities held prior to change - 2,666,667
    Class - Fully Paid ordinary shares
    Number acquired - 15,000,000
    Value/consideration - $15,000
    No. of securities after change - 17,666,667
    Nature of change - Participation in Shareholder Share Purchase Plan

    Notice anything strange here !!!!!!!!!!!!!!!!!!!!!!!
    In the original - Cuthbertson acquires 2,500,000 shares for consideration of $15,000 in the Shareholder Share Purchase Plan
    In the revised - Cuthbertson acquires 15,000,000 shares for consideration of $15,000 in the Shareholder Share Purchase Plan

    What do shareholders think is going on here ???????

    Wilcox

 
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