CRP
17/10/2014 09:08
ALLOT
REL: 0908 HRS Chatham Rock Phosphate Limited
ALLOT: CRP: Allotment of Shares and Options
17 October 2014
Allotment of Shares and Options
Chatham Rock Phosphate Limited (NZX: CRP) is pleased to advise that it has
today allotted new ordinary shares (Shares) and new listed CRPOB options
(Options) from the Shortfall under its Rights Offer dated Monday 8 September
2014. The Shares and Options have been allotted at the same price as under
the Rights Offer, being $0.12 per Share (with one Option granted for every
new Share allotted).
In addition, CRP has issued 131,579 fully paid ordinary shares to each of
three contractors of the Company (CRP-OCS Consulting Limited, Robin Falconer
Associates Limited and LJ Sanders Consulting Limited), in accordance with
their respective contracts for services and at an issue price of $0.114
(Payment Shares). These Payment Shares represent partial payment for services
and the issue price reflects the 20 day volume weighted average price of a
share in CRP on the NZAX market to 30 September 2014.
Full particulars of the allotments are set out below.
Chris Castle
Chief Executive
Email: [email protected]
Class of security:
Ordinary shares
Options (CRPOB)
ISIN: NZWENE0003S0 - Shares
NZCRPE0001S3 - Options
Total number issued: 670,311 Shares
275,574 Options
Issue price:
$0.12 per Share for Rights Issue Shares
$0.114 per Share for Payment Shares
Options have an exercise price of $0.688 to receive a Share
Payment in cash:
Rights Issue Shares - Yes
Payment Shares - No
Fully paid: Yes
Percentage of class: Shares 0.36%
Options 0.98%
Purpose of the issue: For working capital purposes
Authority for the issue: Board resolutions
Date of issue: 17 October 2014
Total number of securities on issue following allotments: 185,836,441 Shares
28,460,845 Options
End CA:00256529 For:CRP Type:ALLOT Time:2014-10-17 09:08:40
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