Security Purchase Plan
Perth, May 10, 2016 AEST (ABN Newswire) - Strategic Elements Ltd (
ASX:SOR) are pleased to offer you a limited opportunity to purchase new shares at a discount to the Record Date in Strategic Elements Limited ("SOR") prior to the next phase of potential developments in the Nanocube Memory technology and other projects.
As you are a current shareholder, you are eligible to acquire discounted shares under our Share Purchase Plan ("the Plan") under the Terms and Conditions set out in this document.
- You can purchase shares at 11.5 cents whilst the price as at the Record Date was 14 cents being an 18% discount to the closing price of shares on the Record Date.
- You can purchase a minimum of $1,000 and a maximum of $15,000 of shares.
- The Plan is capped to a total of $1,000,000 and applications will be accepted on a first received basis (with oversubscriptions accepted at the Directors' discretion and subject to all legal and regulatory requirements).
- The Plan is set to close 31 May 2016 however this may be altered at the Directors discretion.
- There is no need to fill out and post the application form if you elect to pay by BPAY. Your application is received immediately on the date your BPAY payment is received. Please use the reference code printed on the attached application form.
Please note: The Company last conducted a Share Purchase Plan (also capped and offered on a first received basis) in May 2015. Funds from that heavily oversubscribed raising were prioritised towards acquisition and commencement of work on the Nanocube Memory technology.
Your current opportunity comes at a particularly exciting time in the Company's development, with the rapid development of the Nanocube Memory technology. The proceeds of the Plan will be used to further progress investments and supplement working capital including:
- Australian Advanced Materials Pty Ltd (AAM): 100% owned AAM is continuing to develop the Nanocube Memory technology under licence from the University of New South Wales. The Nanocube Memory technology is developing rapidly. Success in innovative new sectors such as Printed Electronics requires partnership. Going forward, a priority focus of the Company will be on development and activities related to partnering.
- Australian Printed and Flexible Electronics Sector: The sector is expanding globally, however Australia is only just beginning to understand the opportunity. As a first mover in Australia (and Pooled Development Fund status), SOR has strong potential to be a dominant player. SOR will work with researchers and inventors across Australia to increase development of the sector and generate technology acquisition and development opportunities. SOR is establishing a 'Printed and Flexible Electronics Advisory Panel' to assist these activities.
- Strategic Materials Pty Ltd (SML): The high-grade Golden Blocks permit is being maintained. Corporate strategies including 'spin off' of SML shares (free distribution of SML shares to SOR shareholders in an agreed proportion to the number SOR shares they hold) are being assessed. It is intended the Company and/or its shareholders will retain control of the gold assets within SML.
Key Features of The Plan
Under the Plan, Australian and New Zealand shareholders on the register as at 5.00pm on 04 May 2016 can subscribe for up to $15,000 worth of shares at 11.5 cents each without brokerage or other costs.
Key features of the Plan include (a) you are eligible to purchase shares to the value of $15,000, $12,500, $10,000, $7,500, $5,000, $2,500, $2,000, $1,500 or $1,000 (b) applications are treated on a first received basis up to a total of $1,000,000 (c) the Plan closes on 31 May 2016 (d) shares under the Plan are expected to be issued on or about 03 June 2016.
The issue price was calculated having regard to the Company's circumstances and represents an 18% discount to the closing price on the Record Date and is at least 80% of the volume weighted average price for the Company's Shares calculated over the last 5 days on which sales of Shares took place prior to the Plan being announced.
Details of the Company's current activities are set out in the announcements made by the Company to ASX and are available from ASX, or the Company's website at www.strategicelements.com.au. You should read the attached Terms and Conditions carefully before participating in the Plan.
The Company's special registration by the Australian Federal Government as a Pooled Development Fund means some shareholders may not pay tax on capital gains when selling their shares. However, the tax implications of applying for shares under the Plan will depend on an applicant's individual circumstances. Applicants should seek their own independent tax advice prior to applying for shares under the Plan. The Shares issued under the Plan will be quoted on ASX.
There is no need to return the application form if you elect to pay by BPAY. Please use the reference code printed on the attached application form (refer to link below).
Applications will be accepted on a first received basis. If you wish to participate in in the Plan, please submit your application to the Company as soon as possible.
To view the release, please visit:
http://abnnewswire.net/lnk/2RZK3038
About Strategic Elements Ltd
Strategic Elements (ASX:SOR) shares are listed on the Australian Stock Exchange under the code “SOR”. The Company is registered under the Pooled Development Program run by the Australian Federal Government to encourage investment into SME’s. To assist Pooled Development Fund’s to invest and raise capital, the Federal Government enables most shareholders in a Pooled Development Fund to make capital gains and receive dividends tax-free.
| ||
|
