ff822779-49cf-49ca-b673-bc8b0ed40e76.pdf
ASX ANNOUNCEMENT / MEDIA RELEASE ASX:ABU
27 May 2016
Employee Share Scheme buy-back
ABM Resources NL ("ABM" or "the Company") advises that it intends to buy-back the following shares under the terms of an employee share scheme that had been utilised by the Company in 2010:
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Class of Securities
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Number of shares on issue prior buy-back
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Number of shares to be bought back
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Number of shares on issue post buy-back
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Amount unpaid on the securities
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ORD
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376,891,137
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1,733,334
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375,157,803
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NIL
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The shares are being recovered from former directors of the Company in order to offset loans that were provided to the former directors to acquire the shares through the employee share scheme. Accordingly, the buy-back will not involve any transfer of cash.
Signed
Jutta Zimmermann Company Secretary
Appendix 3C
Announcement of buy-back (except minimum holding buy-back)
Information and documents given to ASX become ASX's property and may be made public.
Introduced 1/9/99. Origin: Appendix 7B. Amended 13/3/2000, 30/9/2001, 11/01/10
Name of entity ABN/ARSN
Rule 3.8A
ABM Resources NL
58 009 127 020
We (the entity) give ASX the following information.
Information about buy-back
Employee Share Scheme buy-back
1 Type of buy-back
Ordinary
2 +Class of shares/units which is the subject of the buy-back (eg, ordinary/preference)
One for one
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Voting rights (eg, one for one)
Fully paid
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Fully paid/partly paid (and if partly paid, details of how much has been paid and how much is outstanding)
1,733,334
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Number of shares/units in the
+class on issue
No
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Whether shareholder/unitholder approval is required for buy-back
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7
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Reason for buy-back
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In accordance with the terms of the Company's
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employee share plan rules the Company is
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required to buy-back certain shares that were
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issued to participants in 2010 to cancel loans
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that were provided under the terms of the
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employee share plan rules.
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+ See chapter 19 for defined terms.
11/01/2010 Appendix 3C Page 1
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Any other information material to a shareholder's/unitholder's decision whether to accept the offer (eg, details of any proposed takeover bid)
On-market buy-back
N/A
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Name of broker who will act on the company's behalf
10 Deleted 30/9/2001.
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If the company/trust intends to buy back a maximum number of shares - that number
Note: This requires a figure to be included, not a percentage.
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If the company/trust intends to buy back shares/units within a period of time - that period of time; if the company/trust intends that the buy-back be of unlimited duration - that intention
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If the company/trust intends to buy back shares/units if conditions are met - those conditions
Employee share scheme buy-back
1,733,334
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Number of shares proposed to be bought back
The shares will be bought back at 36 cents per share.
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Price to be offered for shares
Selective buy-back
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Name of person or description of class of person whose shares are proposed to be bought back
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Number of shares proposed to be bought back
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Price to be offered for shares
Equal access scheme
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Percentage of shares proposed to be bought back
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Total number of shares proposed to be bought back if all offers are accepted
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Price to be offered for shares
22 +Record date for participation in offer
Cross reference: Appendix 7A, clause 9.
Compliance statement
1. The company is in compliance with all Corporations Act requirements relevant to this buy-back.
or, for trusts only:
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The trust is in compliance with all requirements of the Corporations Act as modified by Class Order 07/422, and of the trust's constitution, relevant to this buy-back.
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There is no information that the listing rules require to be disclosed that has not already been disclosed, or is not contained in, or attached to, this form.
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Sign here:
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............................................................
(Company secretary)
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Date: 27 May 2016
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Print name:
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Jutta Zimmermann
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+ See chapter 19 for defined terms.
11/01/2010 Appendix 3C Page 3