ec00617d-add3-4cc7-813c-03c5ced55e23.pdf
DIRECTORS' SHARE SALES
Northern Star Resources Limited (ASX: NST) advises that Managing Director Bill Beament has sold five million shares in the Company, representing 31.6 per cent of his total holding.
Mr Beament received an average price of $2.72 share. Following the sale, he holds 10.83 million Northern Star shares.
It was Mr Beament's first sale of Northern Star shares in three years and only his second since he became Managing Director over eight years ago.
In the past five years, Mr Beament has overseen the growth in Northern Star from a shell to a leading ASX-listed gold producer, underpinning a rise in its share price from 1c.
ASX ANNOUNCEMENT
2 November 2015
Australian Securities
Exchange Code: NST
Board of Directors
Mr Chris Rowe
Non-Executive Chairman
Mr Bill Beament
Managing Director
Mr Peter O'Connor
Non-Executive Director
Mr John Fitzgerald
Non-Executive Director
Ms Liza Carpene
Company Secretary
Issued Capital
Shares 600 million
Options 4.3 million
Current Share Price A$2.66
Market Capitalisation A$1.6 billion
Cash and Cash Equivalents 30 Sep 2015 - A$196 million
Level 1, 388 Hay St
Subiaco WA 6008
T +6 8 6188 2100
F +6 8 6188 2111
E [email protected]
www.nsrltd.com ABN: 43 092 832 892
Northern Star is on track to grow production to 700,000ozpa in FY18 without the need to acquire further assets. The Company's return on equity has averaged 43 per cent in the five years to 30 June 2015.
Northern Star also advises that Chairman Chris Rowe has sold 250,000 shares in the Company, reducing his holding to 2.65 million shares, and Non-executive Director Peter O'Connor has sold 100,000 shares in the Company, reducing his holding to 500,000 shares.
Relevant Change of Director's Interest Notices (Appendix 3Y) are attached.
LIZA CARPENE
Company Secretary
Northern Star Resources Limited
Investor Enquiries:
Luke Gleeson, Investor Relations, Northern Star Resources Limited T: +61 8 6188 2103
E: [email protected]
Forward Looking Statements
Northern Star Resources Limited has prepared this announcement based on information available to it. No representation or warranty, express or implied, is made as to the fairness, accuracy, completeness or correctness of the information, opinions and conclusions contained in this announcement. To the maximum extent permitted by law, none of Northern Star Resources Limited, its directors, employees or agents, advisers, nor any other person accepts any liability, including, without limitation, any liability arising from fault or negligence on the part of any of them or any other person, for any loss arising from the use of this announcement or its contents or otherwise arising in connection with it.
This announcement is not an offer, invitation, solicitation or other recommendation with respect to the subscription for, purchase or sale of any security, and neither this announcement nor anything in it shall form the basis of any contract or commitment whatsoever. This announcement may contain forward looking statements that are subject to risk factors associated with gold exploration, mining and production businesses. It is believed that the expectations reflected in these statements are reasonable but they may be affected by a variety of variables and changes in underlying assumptions which could cause actual results or trends to differ materially, including but not limited to price fluctuations, actual demand, currency fluctuations, drilling and production results, reserve estimations, loss of market, industry competition, environmental risks, physical risks, legislative, fiscal and regulatory changes, economic and financial market conditions in various countries and regions, political risks, project delay or advancement, approvals and cost estimates.
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Appendix 3Y Change of Director's Interest Notice
Appendix 3Y
Change of Director's Interest Notice
Rule 3.19A.2
Information or documents not available now must be given to ASX as soon as available. Information and documents given to ASX become ASX's property and may be made public.
Introduced 30/09/01 Amended 01/01/11
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Name of entity NORTHERN STAR RESOURCES LIMITED
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ABN 43 092 832 892
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We (the entity) give ASX the following information under listing rule 3.19A.2 and as agent for the director for the purposes of section 205G of the Corporations Act.
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Name of Director
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WILLIAM JAMES BEAMENT
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Date of last notice
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9 JULY 2015
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Date of this notice
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2 NOVEMBER 2015
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Part 1 - Change of director's relevant interests in securities
In the case of a trust, this includes interests in the trust made available by the responsible entity of the trust
Note: In the case of a company, interests which come within paragraph (i) of the definition of 'notifiable interest of a director' should be disclosed in this part.
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Direct or indirect interest
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a), b), c) Indirect
d) Direct
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Nature of indirect interest (including registered holder)
Note: Provide details of the circumstances giving rise to the relevant interest.
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-
William James Beament - an account of which the Director is trustee and may be a beneficiary
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Mr William James Beament and Mrs Karen Marie Beament - an account of which the Director is trustee and may be a beneficiary
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Premium Maintenance Personnel Pty Ltd - a company of which the Director is a director and substantial shareholder
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William James Beament
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Date of change
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27, 28, 29, 30 October 2015 and 2 November 2015
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No. of securities held prior to change
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Refer to attached schedule
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Class
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a) Ordinary fully paid shares (NST)
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Number acquired
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Nil
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Number disposed
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5,000,000
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+ See chapter 19 for defined terms.
01/01/2011 Appendix 3Y Page 1
Appendix 3Y
Change of Director's Interest Notice
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Value/Consideration
Note: If consideration is non-cash, provide details and estimated valuation
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$2.72 per share (average)
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No. of securities held after change
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Refer to attached schedule
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Nature of change
Example: on-market trade, off-market trade, exercise of options, issue of securities under dividend reinvestment plan, participation in buy-back
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On-market trade
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Part 2 - Change of director's interests in contracts
Note: In the case of a company, interests which come within paragraph (ii) of the definition of 'notifiable interest of a director' should be disclosed in this part.
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Detail of contract
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N/A
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Nature of interest
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Name of registered holder
(if issued securities)
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Date of change
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No. and class of securities to which interest related prior to change
Note: Details are only required for a contract in relation to which the interest has changed
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Interest acquired
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Interest disposed
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Value/Consideration
Note: If consideration is non-cash, provide details and an estimated valuation
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Interest after change
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Part 3 - +Closed period
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Were the interests in the securities or contracts detailed above traded during a +closed period where prior written clearance was required?
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No
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If so, was prior written clearance provided to allow the trade to proceed during this period?
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If prior written clearance was provided, on what date was this provided?
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+ See chapter 19 for defined terms.
Appendix 3Y Page 2 01/01/2011
Appendix 3Y Change of Director's Interest Notice
Schedule of director's interests - William James Beament
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Securities, date and nature of change
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Consideration
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William James Beament
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Mr William James Beament + Mrs Karen Marie Beament
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Premium Maintenance Personnel Pty Ltd
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William James Beament*
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Ordinary fully paid shares (NST)
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Holding prior to change
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12,637,709
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75,000
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161,628
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2,952,003
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On market sale
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$13,621,083
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(5,000,000)
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-
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-
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-
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Holding after change
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7,637,709
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75,000
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161,628
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2,952,003
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*Shares subject to vesting conditions - holding lock applied.
Issued: 2 November 2015
+ See chapter 19 for defined terms.
01/01/2011 Appendix 3Y Page 3