Post Entitlement Offer Capital Structure and Appendix 3B Entitlement... · 2017. 12. 15. ·...

TIAN POH RESOURCES LIMITED

ACN: 168 910 978

c/-PKF,Level4,35-37HavelockStreet,WestPerth,WA6005,Australia

Tel:+61894268999Fax:+61894268900www.tianpohresources.com

112475(884988)

15 December 2017 ASX ANNOUNCEMENT

ASX: TPO

Company Announcements Office

Australian Securities Exchange Limited

Post Entitlement Offer Capital Structure and Appendix 3B

Tian Poh Resources Limited (the Company) advises that the capital structure of the Company after the closure of its underwritten pro-rata non-renounceable Entitlement Issue of one (1) new share for every existing share held at the Record Date at an issue price of 2 cents per share to raise up to A$3,865,128 (Entitlement Offer) is:

Number of fully paid ordinary shares 318,974,985

RMB 10,000,000 - Convertible notes bearing 5% interest from 23 December 2013, paid annually in arrears. Maturity is in the year ending 11 November 2017 unless redeemed or converted earlier, and the Notes are convertible into fully paid ordinary shares at $0.20 per share.

This convertible note will be redeemed and the holder will use the proceeds as settlement of its underwriting obligation. Settlement of the underwriting obligation is expected on 20 December 2017.

Equivalent to 9,265,000

ordinary shares

USD 192,000 - USD convertible notes bearing 8% interest net of any applicable withholding tax, from 23 March 2016, paid annually in arrears unless redeemed or converted earlier, maturing on 22 March 2018 and convertible into fully paid ordinary shares at A$0.02 per share.

Equivalent to

12,251,779 ordinary shares

SGD 16,050 - SGD convertible notes bearing 5% interest net of any applicable withholding tax, from 16 March 2017, paid annually in arrears unless redeemed or converted earlier, maturing on 15 March 2019 and convertible into fully paid ordinary shares at A$0.015 per share.


ordinary shares

AUD 75,000 - AUD convertible notes bearing 5% interest net of any applicable withholding tax, from 18 April 2017, paid annually in


2

arrears unless redeemed or converted earlier, maturing on 17 April 2019 and convertible into fully paid ordinary shares at A$0.015 per share.

ordinary shares

AUD 60,000 - AUD convertible notes bearing 5% interest net of any applicable withholding tax, from 20 April 2017, paid annually in arrears unless redeemed or converted earlier, maturing on 19 April 2019 and convertible into fully paid ordinary shares at A$0.015 per share.


ordinary shares

125,718,580 Shares were allotted on 14 December 2017 and the Company is seeking quotation of these securities. In accordance with section 3.5 of the Entitlement Issue Offer Document dated 9 October 2017 the Shortfall will be taken up by Swifter Limited, a company owned and controlled by Mr Poh Kay Ping, a director of the Company. The underwriting obligation is expected to be settled and the Shortfall Shares issued on 20 December 2017. Details of the 20 largest holders are:

Holder Number Percentage

POH KAY PING 91,632,478 28.727% TIAN GUANGRU 54,992,996 17.241% CHUA ZHI RONG 20,666,232 6.479% TAN HWEE KHENG 19,164,800 6.008% ANGIE NG LI LING 17,178,898 5.386% MICHELLE KOH CHIN JU 15,776,122 4.946% NG KIM SWEE 9,428,380 2.956% MICHAEL KOH KOW TEE 9,368,940 2.937% YEO HWEE BIN 8,131,803 2.549% LIM LOON HUAT 7,714,514 2.419% SONG ZHIQIN 5,737,500 1.799% YEO HUI HONG 5,000,000 1.568% CITICORP NOMINEES PTY LIMITED 4,699,837 1.473% J P MORGAN NOMINEES AUSTRALIA LIMITED 4,340,000 1.361% HSBC CUSTODY NOMINEES (AUSTRALIA) LIMITED 4,037,249 1.266% ERDENEBAYAR AZJARGAL 3,216,250 1.008% BNP PARIBAS NOMS PTY LTD 2,199,248 0.689% BEN CHNG BENG BENG 1,587,640 0.498% SEOW SENG WEI 1,481,760 0.465% OW CHUN MING & VICTOR OW 1,481,760 0.465%

287,836,407 90.238%

3

The distribution schedules of ordinary shares is:

Holders Securities 1 – 1,000 1 1 1,001 – 5,000 - - 5,001 – 10,000 92 914,500 10,001 – 100,000 82 2,492,230 Over 100,000 83 315,568,254 258 318,974,985

An Appendix 3B is attached. For further information, please contact: Poh Kay Ping Managing Director & CEO

Appendix3BNewissueannouncement

+Seechapter19fordefinedterms.04/03/2013 Appendix3BPage1

Rule2.7,3.10.3,3.10.4,3.10.5

Appendix 3B

New issue announcement, application for quotation of additional securities

and agreement InformationordocumentsnotavailablenowmustbegiventoASXassoonasavailable.InformationanddocumentsgiventoASXbecomeASX’spropertyandmaybemadepublic.

Introduced01/07/96Origin:Appendix5Amended01/07/98,01/09/99,01/07/00,30/09/01,11/03/02,01/01/03,24/10/05,01/08/12,04/03/13Nameofentity

TianPohResourcesLimited

ABN

46168910978

We(theentity)giveASXthefollowinginformation.

Part 1 - All issues Youmustcompletetherelevantsections(attachsheetsifthereisnotenoughspace).1 +Classof+securitiesissuedorto

beissued

OrdinaryShares

2 Number of +securities issuedor

to be issued (if known) ormaximum number which maybeissued

125,718,580

3 Principal terms of the

+securities (e.g. if options,exercisepriceandexpirydate;ifpartly paid +securities, theamount outstanding and duedates for payment; if+convertible securities, theconversion price and dates forconversion)

OrdinaryShares-Fullypaid


+Seechapter19fordefinedterms.Appendix3BPage2 04/03/2013

4 Do the +securities rank equally

in all respects from the +issuedate with an existing +class ofquoted+securities?If the additional +securities donotrankequally,pleasestate:• thedatefromwhichtheydo• the extent to which they

participate for the nextdividend, (in the case of atrust, distribution) orinterestpayment

• the extent to which they donot rank equally, other thanin relation to the nextdividend, distribution orinterestpayment

Yes

5 Issuepriceorconsideration

$0.02perordinaryshare

6 Purposeoftheissue

(If issued as consideration forthe acquisitionof assets, clearlyidentifythoseassets)

Sharespursuanttoanon-renounceableentitlementissuethatclosedon8December2017.Theentitlementissuewasunderwritten.Settlementwiththeunderwriterandtheissueofshortfallsharesareexpectedon20December2017.

6a Is the entity an +eligible entity

that has obtained securityholderapprovalunderrule7.1A?IfYes,completesections6b–6hin relation to the +securities thesubject of thisAppendix 3B, andcomplywithsection6i

Yes

6b The date the security holder

resolution under rule 7.1A waspassed

30May2017

6c Number of +securities issued

withoutsecurityholderapprovalunderrule7.1

nil



6d Number of +securities issuedwith security holder approvalunderrule7.1A

nil

6e Number of +securities issued

with security holder approvalunder rule 7.3, or anotherspecificsecurityholderapproval(specifydateofmeeting)

nil

6f Number of +securities issued

underanexceptioninrule7.2nil

6g If +securities issued under rule

7.1A,wasissuepriceatleast75%of 15 day VWAP as calculatedunder rule 7.1A.3? Include the+issue date and both values.IncludethesourceoftheVWAPcalculation.

n/a

6h If +securities were issued under

rule 7.1A for non-cashconsideration, state date onwhich valuation ofconsideration was released toASXMarketAnnouncements

n/a

6i Calculate the entity’s remaining

issuecapacityunderrule7.1andrule7.1A–completeAnnexure1and release to ASX MarketAnnouncements

7.1–26,980,090

7.1A–32,823,999

7 +Issuedates

Note: The issue date may be prescribed byASX (refer to the definition of issue date inrule 19.12). For example, the issuedate for apro rata entitlement issuemust complywiththeapplicabletimetableinAppendix7A.

Crossreference:item33ofAppendix3B.

14December2017

Number +Class8 Number and +class of all

+securities quoted on ASX(including the +securities insection2ifapplicable)

318,974,985

Ordinaryshares




+securities not quoted on ASX(including the +securities insection2ifapplicable)

Equivalent to9,265,000 ordinarysharesThis convertiblenote will beredeemed and theholder will use partoftheproceedsasofthe settlement of itsunderwritingobligation.Settlement of theunderwritingobligation isexpected on 20December2017.

RMB 10,000,000 -Convertible notesbearing 5% interestfrom 23 December2013, paid annuallyin arrears. Maturityis in theyearending11 November 2017unless redeemed orconverted earlier,and the Notes areconvertibleintofullypaid ordinary sharesat$0.20pershare.

Equivalent to12,251,779 ordinaryshares

USD 192,000 - USDconvertible notesbearing 8% interestnetofanyapplicablewithholding tax,from 23March 2016,paid annually inarrears unlessredeemed orconverted earlier,maturing on 22March 2018 andconvertibleintofullypaid ordinary sharesatA$0.02pershare.




SGD 16,050 - SGDconvertible notesbearing 5% interestnetofanyapplicablewithholding tax,from 16 March 2017,paid annually inarrears unlessredeemed orconverted earlier,maturing on 15March 2019 andconvertibleintofullypaid ordinary sharesatA$0.015pershare.


AUD 75,000 - AUDconvertible notesbearing 5% interestnetofanyapplicablewithholding tax,from 18 April 2017,paid annually inarrears unlessredeemed orconverted earlier,maturingon 17April2019 and convertibleinto fully paidordinary shares atA$0.015pershare.


AUD 60,000 - AUDconvertible notesbearing 5% interestnetofanyapplicablewithholding tax,from 20 April 2017,paid annually inarrears unlessredeemed orconverted earlier,maturingon19April2019 and convertibleinto fully paidordinary shares atA$0.015pershare.



10 Dividendpolicy(inthecaseofatrust,distributionpolicy)ontheincreasedcapital(interests)

n/a

Part 2 - Pro rata issue 11 Is security holder approval

required?

No

12 Istheissuerenounceableornon-

renounceable?Non-renounceable

13 Ratio in which the +securities

willbeoffered1newshareforeveryexistingshareheldbyEligibleShareholdersontheRecordDate

14 +Classof+securitiestowhichthe

offerrelatesOrdinaryShares

15 +Record date to determine

entitlements12October2017

16 Will holdings on different

registers (or subregisters) beaggregated for calculatingentitlements?

No

17 Policy for deciding entitlements

inrelationtofractions

Round up fractions to the nearest wholenumber

18 Namesofcountries inwhichthe

entity has security holders whowill not be sent new offerdocumentsNote: Securityholdersmust be toldhow theirentitlementsaretobedealtwith.

Crossreference:rule7.7.

None

19 Closing date for receipt of

acceptancesorrenunciations8December2017

20 Namesofanyunderwriters

SwifterLimited

21 Amount of any underwriting fee

orcommissionNil



22 Names of any brokers to theissue

n/a

23 Fee or commission payable to

thebrokertotheissuen/a

24 Amount of any handling fee

payable to brokers who lodgeacceptances or renunciations onbehalfofsecurityholders

n/a

25 If the issue is contingent on

security holders’ approval, thedateofthemeeting

n/a

26 Dateentitlementandacceptance

formandofferdocumentswillbesenttopersonsentitled

17October2017

27 If the entity has issued options,

and the terms entitle optionholders to participate onexercise, the date on whichnotices will be sent to optionholders

n/a

28 Date rights tradingwillbegin (if

applicable)n/a

29 Date rights trading will end (if

applicable)

n/a

30 How do security holders sell

theirentitlementsinfullthroughabroker?

n/a

31 Howdosecurityholderssellpart

of their entitlements through abroker and accept for thebalance?

n/a

32 Howdosecurityholdersdispose

of their entitlements (except bysalethroughabroker)?

n/a

33 +Issuedate

14December2017



Part 3 - Quotation of securities Youneedonlycompletethissectionifyouareapplyingforquotationofsecurities34 Typeof+securities

(tickone)

(a) √ +SecuritiesdescribedinPart1

(b)

Allother+securitiesExample: restricted securities at the end of the escrowed period, partly paid securities that become fully paid,employeeincentivesharesecuritieswhenrestrictionends,securitiesissuedonexpiryorconversionofconvertiblesecurities

Entities that have ticked box 34(a) AdditionalsecuritiesforminganewclassofsecuritiesTickto indicateyouareprovidingthe informationordocuments

35 Ifthe+securitiesare+equitysecurities,thenamesofthe20largestholdersoftheadditional+securities,and thenumberandpercentageofadditional+securities

heldbythoseholders 36 Ifthe+securitiesare+equitysecurities,adistributionscheduleoftheadditional+securitiessettingoutthenumberofholdersinthecategories

1-1,0001,001-5,0005,001-10,00010,001-100,000100,001andover

37 Acopyofanytrustdeedfortheadditional+securities

Entities that have ticked box 34(b) 38 Number of +securities for which

+quotationissought

39 +Class of +securities for which

quotationissought



40 Dothe+securitiesrankequallyinall respects from the +issue datewith an existing +class of quoted+securities?If the additional +securities donotrankequally,pleasestate:• thedatefromwhichtheydo• the extent to which they

participate for the nextdividend, (in the case of atrust, distribution) or interestpayment

• the extent to which they donotrankequally,otherthaninrelation to the next dividend,distribution or interestpayment

41 Reason for request for quotation

nowExample:Inthecaseofrestrictedsecurities,endofrestrictionperiod

(if issued upon conversion ofanother +security, clearly identifythatother+security)


+securities quoted on ASX(includingthe+securitiesinclause38)

Quotationagreement1 +Quotationofouradditional+securitiesisinASX’sabsolutediscretion. ASX

mayquotethe+securitiesonanyconditionsitdecides.2 WewarrantthefollowingtoASX.

• Theissueofthe+securitiestobequotedcomplieswiththelawandisnotforanillegalpurpose.

• There is no reason why those +securities should not be granted

+quotation.



• Anoffer of the +securities for salewithin 12months after their issuewillnotrequiredisclosureundersection707(3)orsection1012C(6)oftheCorporationsAct.Note:Anentitymayneedtoobtainappropriatewarranties fromsubscribers forthesecurities inordertobeabletogivethiswarranty

• Section724orsection1016EoftheCorporationsActdoesnotapplyto

any applications received by us in relation to any +securities to bequotedand thatno-onehasany right to returnany +securities tobequotedundersections737,738or1016FoftheCorporationsActatthetimethatwerequestthatthe+securitiesbequoted.

• Ifweareatrust,wewarrantthatnopersonhastherighttoreturnthe

+securitiestobequotedundersection1019BoftheCorporationsActatthetimethatwerequestthatthe+securitiesbequoted.

3 WewillindemnifyASXtothefullestextentpermittedbylawinrespectofany

claim, action or expense arising from or connected with any breach of thewarrantiesinthisagreement.

4 WegiveASX the informationanddocuments requiredby this form. If any

informationordocument isnotavailablenow,wewillgive it toASXbefore+quotationofthe+securitiesbegins.WeacknowledgethatASXisrelyingontheinformationanddocuments.Wewarrantthattheyare(willbe)trueandcomplete.

Signhere: ............................................................Date:....15/12/2017...... (Director/Companysecretary)Printname: ...MichaelvanUffelen...............

==========



Appendix 3B – Annexure 1

Calculation of placement capacity under rule 7.1 and rule 7.1A for eligible entities Introduced01/08/12Amended04/03/13

Part 1

Rule 7.1 – Issues exceeding 15% of capital

Step 1: Calculate “A”, the base figure from which the placement capacity is calculated

Insert number of fully paid +ordinary securities on issue 12 months before the +issue date or date of agreement to issue

202,521,405

Add the following:

• Number of fully paid +ordinary securities issued in that 12 month period under an exception in rule 7.2

• Number of fully paid +ordinary securities issued in that 12 month period with shareholder approval

• Number of partly paid +ordinary securities that became fully paid in that 12 month period

Note: • Include only ordinary securities here –

other classes of equity securities cannot be added

• Include here (if applicable) the securities the subject of the Appendix 3B to which this form is annexed

• It may be useful to set out issues of securities on different dates as separate line items

125,718,580–SubjectofthisAppendix3Bdated15December2017(Note:RightsIssueExceptionLR7.2)

Subtract the number of fully paid +ordinary securities cancelled during that 12 month period

Nil

“A” 328,239,985



Step 2: Calculate 15% of “A”

“B” 0.15

[Note: this value cannot be changed]

Multiply “A” by 0.15 49,235,998

Step 3: Calculate “C”, the amount of placement capacity under rule 7.1 that has already been used

Insert number of +equity securities issued or agreed to be issued in that 12 month period not counting those issued:

• Under an exception in rule 7.2

• Under rule 7.1A

• With security holder approval under rule 7.1 or rule 7.4

Note: • This applies to equity securities, unless

specifically excluded – not just ordinary securities

• Include here (if applicable) the securities the subject of the Appendix 3B to which this form is annexed


22,255,908–beingtheequivalentnumberofordinarysharescalculatedforconvertiblenoteswhicharethesubjectoftheAppendix3Bdated22November2017

“C” 22,255,908

Step 4: Subtract “C” from [“A” x “B”] to calculate remaining placement capacity under rule 7.1

“A” x 0.15

Note: number must be same as shown in Step 2

49,235,998

Subtract “C”


22,255,908

Total [“A” x 0.15] – “C” 26,980,090

[Note: this is the remaining placement capacity under rule 7.1]



Part 2

Rule 7.1A – Additional placement capacity for eligible entities

Step 1: Calculate “A”, the base figure from which the placement capacity is calculated

“A”

Note: number must be same as shown in Step 1 of Part 1

328,239,985

Step 2: Calculate 10% of “A”

“D” 0.10

Note: this value cannot be changed

Multiply “A” by 0.10 32,823,999

Step 3: Calculate “E”, the amount of placement capacity under rule 7.1A that has already been used

Insert number of +equity securities issued or agreed to be issued in that 12 month period under rule 7.1A

Notes: • This applies to equity securities – not

just ordinary securities • Include here – if applicable – the

securities the subject of the Appendix 3B to which this form is annexed

• Do not include equity securities issued under rule 7.1 (they must be dealt with in Part 1), or for which specific security holder approval has been obtained


Nil

“E” Nil



Step 4: Subtract “E” from [“A” x “D”] to calculate remaining placement capacity under rule 7.1A

“A” x 0.10


32,823,999

Subtract “E”


Nil

Total [“A” x 0.10] – “E” 32,823,999

Note: this is the remaining placement capacity under rule 7.1A

Post Entitlement Offer Capital Structure and Appendix 3B Entitlement... · 2017. 12. 15. ·...

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