Notification of Issue, Conversion or Payment up of Unquoted Equity SecuritiesAnnouncement Summary
Entity name
For personal use only
PILBARA MINERALS LIMITED
Date of this announcement Tuesday April 19, 2022
The +securities the subject of this notification are:Other
Total number of +securities to be issued/transferredASX +securityTotal number of +securities to be
code | Security description | issued/transferred | Issue date |
New class - code | 5-year convertible bonds | 79,603,050 | 13/04/2022 |
to be confirmed |
Refer to next page for full details of the announcementNotification of Issue, Conversion or Payment up of Unquoted Equity Securities
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Notification of Issue, Conversion or Payment up of Unquoted Equity SecuritiesPart 1 - Entity and announcement details
For personal use only
1.1 Name of entity
PILBARA MINERALS LIMITED
We (the entity named above) give notice of the issue, conversion or payment up of the following unquoted +securities.
1.2 Registered number type ABN
1.3 ASX issuer code PLS
1.4 The announcement isNew announcement
1.5 Date of this announcement 19/4/2022
Registration number 95112425788
Notification of Issue, Conversion or Payment up of Unquoted Equity Securities
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Notification of Issue, Conversion or Payment up of Unquoted Equity Securities
Part 2 - Issue details
2.1 The +securities the subject of this notification are:
Other
For personal use only
Please specify 5-year convertible bonds, as announced in Appendix 3B, dated 13 April 2022.
2.2a This notification is given in relation to an issue of +securities in a class which is not quoted on ASX and which:does not have an existing ASX security code ("new class")
Notification of Issue, Conversion or Payment up of Unquoted Equity Securities
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Notification of Issue, Conversion or Payment up of Unquoted Equity Securities
Part 3C - number and type of +securities the subject of this notification (new class) where issue has not previously been notified to ASX in an Appendix 3B
For personal use only
New +securities
ASX +security code
New class - code to be confirmed
+Security description5-year convertible bonds
+Security type
ISIN code
+Convertible debt securities
Date the +securities the subject of this notification were issued 13/4/2022
Will all the +securities issued in this class rank equally in all respects from their issue date?
Yes
Have you received confirmation from ASX that the terms of the +securities are appropriate and equitable under listing rule 6.1?
No
Please provide a URL link for a document lodged with ASX setting out the material terms of the +securities being issued.https://cdn-api.markitdigital.com/apiman-gateway/ASX/asx-research/1.0/file/2924-02509144-6A1086181?access_token=83ff96335c2d45a094df02a206a39ff4
+Convertible debt securities Details
Type of +security Convertible note or bond
+Security currency AUD - Australian DollarFace value AUD 1.00000000
Interest rate type Variable rateFrequency of coupon/interest payments per year Quarterly
First interest payment date 30/6/2022
s128F of the Income Tax Assessment Act status applicable to the +security Not applicable
Is the +security perpetual (i.e. no maturity)?
No
Notification of Issue, Conversion or Payment up of Unquoted Equity Securities
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Notification of Issue, Conversion or Payment up of Unquoted Equity Securities
Maturity date
13/4/2027
Select other feature(s) applicable to the +security
Redeemable
For personal use only
Is there a first trigger date on which a right of conversion, redemption, call or put can be exercised (whichever is first)?
No
Details of the existing class of +security that will be issued if the securities are converted, transformed or exchanged
Other
Description
PLS: Ordinary Fully Paid
Any other information the entity wishes to provide about the +securities the subject of this notification
The number of ordinary securities to be issued on conversion of the convertible securities will be based upon the lessor of the 30 day VWAP or 5-day VWAP of PLS shares 2 days prior to conversion notice, less a 7.5% discount. The number of ordinary securities included in items 5.2b.1 of this Appendix 3G is therefore variable and may change.
Please provide any further information needed to understand the circumstances in which you are notifying the issue of these +securities to ASX, including why the issue of the +securities has not been previously announced to the market in an Appendix 3B
Securities were previously announced to the market in an Appendix 3B, dated 13 April 2022.
Issue details
Number of +securities
79,603,050
Were the +securities issued for a cash consideration?
Yes
In what currency was the cash consideration being paid?
What was the issue price per +security?
AUD - Australian Dollar
AUD 1.00000000
Purpose of the issue Other
Additional Details
PLS's equity participation in the POSCO JV will be funded from the 5-year convertible bondNotification of Issue, Conversion or Payment up of Unquoted Equity Securities
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Pilbara Minerals Limited published this content on 19 April 2022 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 19 April 2022 09:13:01 UTC.