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MarketScreener Homepage  >  Equities  >  Australian Stock Exchange  >  HRL Holdings Limited    HRL   AU000000HRL9

HRL HOLDINGS LIMITED

(HRL)
  Report
End-of-day quote. End-of-day quote Australian Stock Exchange - 11/26
0.125 AUD   +8.70%
10/23HRL : Appendix 3Y
PU
10/23HRL : Issue of Securities Appendix 3B
PU
10/22HRL : Morgans rates HRL as Add
AQ
SummaryChartsNewsRatingsCalendarCompanyFinancialsConsensusRevisions 
SummaryMost relevantAll NewsPress ReleasesOfficial PublicationsSector news

HRL : Issue of Securities Appendix 3B

10/23/2020 | 02:25am EST

Proposed issue of securities

Announcement Summary

Entity name

HRL HOLDINGS LTD

Announcement Type

New announcement

Date of this announcement

Friday October 23, 2020

The Proposed issue is:

A placement or other type of issue

Total number of +securities proposed to be issued for a placement or other type of issue

Maximum Number of

ASX +security code

+Security description

+securities to be issued

n/a

Performance Rights Expiring 2023

4,088,723

Proposed +issue date

Friday October 23, 2020

Refer to next page for full details of the announcement

Proposed issue of securities

1 / 6

Proposed issue of securities

Part 1 - Entity and announcement details

1.1 Name of +Entity

HRL HOLDINGS LTD

We (the entity named above) give ASX the following information about a proposed issue of +securities and, if ASX agrees to +quote any of the +securities (including any rights) on a +deferred settlement basis, we agree to the matters set out in Appendix 3B of the ASX Listing Rules.

1.2

Registered Number Type

Registration Number

ABN

99120896371

1.3

ASX issuer code

HRL

  1. The announcement is New announcement
  2. Date of this announcement

Friday October 23, 2020

1.6 The Proposed issue is:

A placement or other type of issue

Proposed issue of securities

2 / 6

Proposed issue of securities

Part 7 - Details of proposed placement or other issue

Part 7A - Conditions

7A.1 - Are any of the following approvals required for the placement or other type of issue?

+Security holder approval

Court approval

Lodgement of court order with +ASIC

ACCC approval

FIRB approval

Another approval/condition external to the entity

Yes

7A.1a Conditions

Approval/Condition

Date for determination

Is the date estimated or

+Security holder approval

Thursday October 22, 2020

actual?

Actual

  • Approval received/condition met?

Yes

Comments

Approval for the issue of 199,890 of the 2023 performance rights to a Director Mr Stephen Howse was obtained at the 2020 AGM held on 22 October 2020

Part 7B - Issue details

Is the proposed security a 'New class' (+securities in a class that is not yet quoted or recorded by ASX) or an 'Existing class' (additional securities in a class that is already quoted or recorded by ASX)?

New class

Will the proposed issue of this +security include an offer of attaching +securities?

No

Details of +securities proposed to be issued

ISIN Code (if Issuer is a foreign company and +securities are non CDIs)

Have you received confirmation from ASX that the terms of the proposed +securities are appropriate and equitable under listing rule 6.1?

Yes

ASX +security code

New class-code to be confirmed

Will the entity be seeking quotation of the 'new' class of +securities on ASX?

No

+Security description

Performance Rights Expiring 2023

Proposed issue of securities

3 / 6

Proposed issue of securities

+Security type

Performance options/rights

Number of +securities proposed to be issued

4,088,723

Offer price details

Are the +securities proposed to be issued being issued for a cash consideration?

No

Please describe the consideration being provided for the +securities

Performance rights issued to company staff. Each right has an estimated value of $0.0982 per right.

Please provide an estimate of the AUD equivalent of the consideration being provided for the +securities

401,512.600000

Will all the +securities issued in this class rank equally in all respects from their issue date?

Yes

Performance options/rights details

+Security currency

Exercise price

Expiry date

AUD - Australian Dollar

AUD 0.0000

Friday June 30, 2023

Details of the type of +security that will be issued if the option is exercised

HRL : ORDINARY FULLY PAID

Number of securities that will be issued if the option is exercised

Each right converts into one fully paid ordinary share

Please provide a URL link for a document lodged with ASX setting out the material terms of the +securities proposed to be issued or provide the information by separate announcement.

LTI performance rights expiry 2023 summary is included in schedule 2 of the 2020 AGM Notice: https://hrlholdings.com/w p-content/uploads/2020/09/NOM-and-explanatory-memorandum-HRL-Holdings-Ltd-FINAL-combined.pdf

Part 7C - Timetable

7C.1 Proposed +issue date

Friday October 23, 2020

Proposed issue of securities

4 / 6

This is an excerpt of the original content. To continue reading it, access the original document here.

Disclaimer

HRL Holdings Ltd. published this content on 23 October 2020 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 23 October 2020 06:24:05 UTC


© Publicnow 2020
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Financials
Sales 2021 33,0 M 24,4 M 24,4 M
Net income 2021 1,60 M 1,18 M 1,18 M
Net Debt 2021 0,15 M 0,11 M 0,11 M
P/E ratio 2021 30,5x
Yield 2021 -
Capitalization 61,7 M 45,6 M 45,6 M
EV / Sales 2021 1,87x
EV / Sales 2022 1,65x
Nbr of Employees -
Free-Float 77,8%
Chart HRL HOLDINGS LIMITED
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Income Statement Evolution
Consensus
Sell
Buy
Mean consensus BUY
Number of Analysts 4
Average target price 0,17 AUD
Last Close Price 0,13 AUD
Spread / Highest target 60,0%
Spread / Average Target 33,3%
Spread / Lowest Target 12,0%
EPS Revisions
Managers
NameTitle
Steven Dabelstein Chief Executive Officer
Gregory Francis Kilmister Non-Executive Chairman
Michael Harvey Chief Finance Officer
Steve Howse Executive Director
James Scott Charles Todd Non-Executive Director
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