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PRODIGY GOLD NL Transaction in Own Shares 2014
65615_rns_2014-07-10_ff4e441c-4444-49cc-9ac4-316dfcc8d9a5.pdf
Transaction in Own Shares
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ASX ANNOUNCEMENT / MEDIA RELEASE ASX:ABU
11 July 2014
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 the employee share scheme:
| Class ofSecurities | Number ofshares on issueprior buy-back | ApproximateNumber ofshares to bebought back | Approximatenumber ofshares on issuepost buy-back | Amountunpaid onthesecurities |
|---|---|---|---|---|
| ORD | 252,459,502 | 729,441 | 251,730,061 | NIL |
The shares being bought back are being acquired from former employees of the Company. The proceeds of the buy-back will be used to offset loans that were taken out by the former employees to acquire the shares. Accordingly, the buy-back will not have an effect on the net-cash position of the Company.
ABM does not expect there to be any fractional entitlements arising from the buy-back. Further, there will be no change in the treatment of the ABM options on issue as a result of the buy-back.
About ABM Resources
ABM is an exploration Company developing several gold discoveries in the Central Desert region of the Northern Territory of Australia. The Company has a multi-tiered approach to exploration and development with a combination of high-grade potentially short-term production scenarios such as the Old Pirate High-Grade Gold Project, large scale discoveries such as Buccaneer, and regional exploration discoveries such as the Hyperion Gold Project.
In addition, ABM is committed to regional exploration programs throughout its extensive holdings including the alliance with Independence Group NL at the regional Lake Mackay Project, and the proposed divestment of the North Arunta Projects to Clancy Exploration Ltd.
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 |
|---|---|
| ABM Resources NL | 58 009 127 020 |
We (the entity) give ASX the following information.
Information about buy-back
| 1 | Type of buy-back | Employee Share Scheme buy-back |
|---|---|---|
| 2 | +Class of shares/units which isthe subject of the buy-back (eg,ordinary/preference) | Ordinary |
| 3 | Voting rights (eg, one for one) | One for one |
| 4 | Fully paid/partly paid (and ifpartly paid, details of how muchhas been paid and how much isoutstanding) | Fully paid |
| 5 | Number of shares/units in the+class on issue | 252,459,502 |
| 6 | Whether shareholder/unitholderapproval is required for buy-back | No |
| 7 | Reason for buy-back | In accordance with the terms of theCompany'semployeeshareplanrulestheCompanyintends tobuy-back certain shares that wereissued to a participant under the terms of theemployee share plan rules. |
+ See chapter 19 for defined terms.
8 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
| 9 | Name of broker who will act on | N/A |
|---|---|---|
| the company's behalf |
- 10 Deleted 30/9/2001.
- 11 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.
- 12 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
- 13 If the company/trust intends to buy back shares/units if conditions are met - those conditions
14 Number of shares proposed to be bought back
Approximately 729,441 shares will be bought back (subject to buy-back price).
15 Price to be offered for shares The shares will be bought back at a price determined in accordance with the terms of the employee share plan rules, being the greater of:
- the issue price of the shares; or
- the market price of the shares calculated by reference to the volume weighted average sale price of the shares on ASX during the 5 days immediately preceding the date on which the Company agrees to buy-back the relevant shares.
Selective buy-back
- 16 Name of person or description of class of person whose shares are proposed to be bought back
- 17 Number of shares proposed to be bought back
- 18 Price to be offered for shares
Equal access scheme
- 19 Percentage of shares proposed to be bought back
- 20 Total number of shares proposed to be bought back if all offers are accepted
- 21 Price to be offered for shares
- 22 +Record date for participation in offer Cross reference: Appendix 7A, clause 9.
| in | |
|---|---|
Compliance statement
- The company is in compliance with all Corporations Act requirements relevant to this buy-back.
or, for trusts only:
-
- 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.
-
- 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.
(Company secretary)
Sign here: ............................................................ Date: 11 July 2014
Print name: Jutta Zimmermann
- See chapter 19 for defined terms.