Microsoft Word - ASX Announcement Dec 15 Optionholders
MARKET RELEASE 21 December 2015
Letter to Optionholders
CuDeco Limited (ACN 000 317 251) (Company) lodges a copy of the letter sent to holders of Options in the Company with an exercise price of $2.50 per share and expiring on 31 December 2015
-ends
Unit 34, Brickworks Annex, 19 Brolga Avenue, SOUTHPORT 4215
Phone: +617 5503 1955 Facsimile: +617 5503 0288 Email: [email protected]
17 December 2015
Dear Option Holder
EXPIRY OF OPTIONS‐CDUO
You are the registered holder of the above mentioned listed options in CuDeco Limited (CDU) expiring on 31 December 2015.
-
These options entitle you to acquire one fully paid ordinary share in the capital of CDU Ltd for each option you choose to exercise.
-
The exercise price of these options is $2.50 each.
-
The due date for payment is 5.00pm WST on 31 December 2015 (the due date).
-
The market sale price of ordinary fully paid shares in CDU on Australian Securities Exchange (ASX) was $1.105 on 4 August 2015, being the last trading day in Perth prior to the date of this notice.
-
Due to the current voluntary suspension of the Company's securities the ordinary fully paid shares in CDU have not traded during the three months preceding the date of this notice. The latest sale price on ASX was
$1.105 on 4 August 2015.
-
There is no obligation upon shareholders to exercise their options. However If payment is not received by the due date the options will lapse and all rights under the options will cease at that time.
-
Due to the current voluntary suspension of the Company's securities the options are not trading and they re unlikely to trade again prior to their expiry date. If not for the suspension the options would cease to be quoted on ASX from close of trading on 23 December 2015.
If you wish to exercise your options then you must complete an application for shares on exercise of options and forward it together with payment of $2.50 per option exercised to be received no later than 5.00pm WST on 31 December 2015 to the Company's share registry, Advanced Share Registry Limited, PO Box 1156, Nedlands WA 6909. Copies of the form may be obtained by contacting the share registry:
Telephone: +61 (8) 9389‐8033 Fax: +61 (8) 9262‐3723
Email: [email protected]
Cheques should be drawn on an Australian Bank and made payable to CuDeco Limited in Australian dollars only and should be crossed "not negotiable".
The Company encourages you to seek your own professional advice in deciding whether or not to exercise your options.
If you have any questions regarding the exercise of your options please contact Mr. Bruno Bamonte, Secretary (Tel:
+61 7 5503 1955) or the share registry (Tel: +61 8 9389 8033).
Yours faithfully,
for CUDECO LIMITED
Bruno Bamonte
Company Secretary
Unit 33, Brickworks Annex,19 Brolga Avenue, SOUTHPORT 4215 Phone: +617 5503 1955 Facsimile: +617 5503 0288