| Subject: News#13/11/20014,35m unlistd con/ntes/Mot/ sale/8 m/Mot ntes/Mot rtains 5.8 m ntes equiv 17.4 m s |
Author:
Steve Arthur.
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Date Posted: 22:52:29 11/16/01 Fri
ERG ERG Ltd (01/11/00)
ERG LIMITED 2001-11-13 ASX-SIGNAL-G
HOMEX - Perth
+++++++++++++++++++++++++
The Company advises that it will convert 4,350,000 unlisted
convertible notes held by Motorola Inc into ordinary shares. As a
result of the share split which took place in November 2000, this
equates to 13,050,000 ordinary shares.
In addition, agreement in principle has been reached for the sale of
a further 8,000,000 Motorola notes (24,000,000 share equivalents) to
two institutional investors. The Company has worked with Motorola in
securing the orderly disposal of the shares and notes. Motorola
retains approximately 5,800,000 notes (17,400,000 share equivalents).
I enclose an appendix 3B applying for quotation of these shares.
R Greig
ASSISTANT COMPANY SECRETARY
APPENDIX 3B
NEW ISSUE ANNOUNCEMENT
APPLICATION FOR QUOTATION OF ADDITIONAL SECURITIES AND AGREEMENT
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 1/7/96. Origin Appendix 5. Amended 1/7/98, 1/9/99,
1/7/2000.
Name of Entity
ERG Limited
ACN or ARBN
23 009 112 725
We (the entity) give ASX the following information.
PART 1 - ALL ISSUES
You must complete the relevant sections (attach sheets if
there is not enough space).
1. Class of securities issued Ordinary shares.
or to be issued
2. Number of securities issued 13,352,250
or to be issued (if known)
or maximum number which
may be issued
3. Principal terms of the securities 4,350,000 unlisted convertible
(eg, if options, exercise price notes converted to 13,050,000
and expiry date; if partly paid ordinary fully paid shares on
securities, the amount issue of a conversion notice
outstanding and due dates for by the noteholder.
payment; if convertible securities,
the conversion price and dates 302,250 employee shares were
for conversion) converted to ordinary fully
paid shares on repayment of
staff loans under the Company's
Share Incentive Scheme dated
31/10/1995.
4. Do the securities rank equally Yes
in all respects from the date
of allotment with an existing
class of quoted securities
If the additional securities
do not rank equally, please
state:
* the date from which they do
* the extent to which they
participate for the next
dividend, (in the case of
a trust, distribution) or
interest payment
* the extent to which they do
not rank equally, other than
in relation to the next
dividend, distribution or
interest payment
5. Issue price or consideration 4,350,000 convertible notes at
$1.65 each.
2,250 employee shares at $1.30
each.
300,000 employee shares at
$0.95 each.
6. Purpose of the issue (if 4,350,000 unlisted convertible
issued as consideration for notes were converted to
the acquisition of assets, 13,050,000 ordinary fully paid
clearly identify those shares on issue of a conversion
assets) notice by the noteholder.
302,250 employee shares were
converted to ordinary fully
paid shares on repayment of
staff loans under the Company's
Share Incentive Scheme dated
31/10/1995.
7. Dates of entering securities 13,050,000 shares on 13/11/2001
into uncertified holdings 2,250 shares on 17/09/2001
or despatch of certificates 300,000 shares on 24/09/2001
NUMBER CLASS
8. Number and class of all 849,451,439 Ordinary shares
securities quoted on
ASX (including the 18,518,519 Convertible notes
securities in clause maturing 01/10/2005
2 if applicable)
NUMBER CLASS
9. Number and class of all 9,132,100 Employee shares.
securities not quoted
on ASX (including the 12,725,500 Employee options
securities in clause 2 expiring various dates.
if applicable)
13,828,989 Convertible notes
maturing 15/10/2002.
10.Dividend policy (in the case Ordinary shares in the Company
of a trust, distribution are entitled to participate in
policy) on the increased dividends declared by
capital (interests) directors of the Company from
time to time.
PART 2 - BONUS ISSUE OR PRO RATA ISSUE
Items 11 to 33 are Not Applicable
PART 3 - QUOTATION OF SECURITIES
You need only complete this section if you are applying for quotation
of securities
34. Type of securities (tick one)
(a) X Securities described in Part 1
(b) All other securities
Example: restricted securities at the end of the escrowed period,
partly paid securities that become fully paid, employee incentive
share securities when restriction ends, securities issued on expiry
or conversion of convertible securities
Entities that have Ticked Box 34(a)
Additional Securities Forming a New Class of Securities
(If the additional securities do not form a new class, go to 43)
Tick to indicate you are providing the information or documents
35. The names of the 20 largest holders of the additional
securities, and the number and percentage of
additional securities held by those holders
36. A distribution schedule of the additional securities
setting out the number of holders in the categories
1 - 1,000
1,001 - 5,000
5,001 - 10,000
10,001 - 100,000
100,001 - and over
37. A copy of any trust deed for the additional securities
(now go to 43)
Entities that have Ticked Box 34 (b)
Items 38 to 42 are Not Applicable
ALL ENTITIES
Fees
43. Payment method (tick one)
Cheque attached
Electronic payment made
Note: Payment may be made electronically if Appendix 3B is
given to ASX electronically at the same time.
X Periodic payment as agreed with the home branch has been
arranged
Note: Arrangements can be made for employee incentive
schemes that involve frequent issues of securities.
QUOTATION AGREEMENT
1. Quotation of our additional securities is in ASX's absolute
discretion. ASX may quote the securities on any conditions it
decides.
2. We warrant to ASX that the issue of the securities to be quoted
complies with the law and is not for an illegal purpose, and that
there is no reason whythose securities should not be granted
quotation. We warrant to ASX that an offer of the securities for
sale within 12 months after their issue will not require
disclosure under section 707(3) of the Corporations Law.
3. We will indemnify ASX to the fullest extent permitted by law in
respect of any claim, action or expense arising from or connected
with any breach of the warranties in this agreement.
4. We give ASX the information and documents required by this form.
If any information or document not available now, will give it to
ASX before quotation of the securities begins. We acknowledge that
ASX is relying on the information and documents. We warrant that
they are (will be) true and complete.
C L Barrett-Lennard
DIRECTOR/COMPANY SECRETARY
13/11/2001
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