Appendix 3B - Exercise of Options
Adelaide, June 16, 2014 AEST (ABN Newswire) - Valence Industries Ltd (
ASX:VXL) ("Valence" or "the Company") advises that shareholders have exercised listed options (ASX:VXLO) issued by the Company. All listed options have an exercise price of 25 cents per share and expiry of 31 July 2016.
Valence advises that it has issued listed shares upon the exercise of options, and provides the following information in relation to the issue as required under the listing rules:
-----------------------------------------------Number of securities 1,080,000Class and terms Fully paid ordinary sharesIssue price 25 cents per sharePurpose of the issue Exercise of options by shareholders Will the entity seek No. The shares are shareholder approval issued under listing rule 7.2, exception 4 and shareholder approval is not requiredClass of security holder Not applicable-----------------------------------------------
An updated Appendix 3B seeking quotation of the shares is attached to this announcement.
To view the Appendix 3B, please visit:
http://media.abnnewswire.net/media/en/docs/ASX-VXL-801745.pdf
About Valence Industries Ltd
Valence Industries Limited (ASX:VXL) is an industrial manufacturing company producing high grade flake graphite products for distribution and sale to global markets. Valence Industries owns established processing facilities and infrastructure to manufacture a wide range of graphite product lines for multiple applications and multiple industries. Valence Industries produces and sells its graphite products from its Uley Graphite facilities in regional South Australia for delivery to diversified markets for graphite in the Asia Pacific, Europe and North America. Visit Valence Industries
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