RESULTS OF SCHEME MEETINGS
Sierra Mining Limited (Sierra or the Company) is pleased to advise that Sierra shareholders and optionholders today approved the schemes of arrangement pursuant to which RTG Mining Inc. (RTG) will acquire all of the issued shares and listed options in Sierra (Schemes).
Results of Scheme Meetings
Shareholders scheme meeting
The shareholders scheme meeting was held at 10:00am (AWST) and attended by the holders of fully paid ordinary shares in Sierra. The resolution was voted on in accordance with the Notice of Share Scheme Meeting previously provided to ASX and included as Annexure 8 to the Scheme Booklet.
The resolution to approve the shareholders scheme of arrangement was passed by the requisite majorities, following a poll taken at the meeting which was conducted by Computershare Investor Services Pty Limited.
The results of the poll conducted were as follows:
Resolution | Results | For | Against | Abstain | % For |
Approval of shareholders scheme of arrangement | Number of Votes Cast | 135,391,217 | Nil | Nil | 100% |
Number of Shareholders Voting | 110 | Nil | Nil | 100% |
In accordance with section 251AA of the Corporations Act 2001 (Cth), the following information is also provided:
Approval of shareholders scheme of arrangement
132,405,428 Nil Nil 2,830,790
Optionholders scheme meeting
The optionholders scheme meeting was held at 10:30am (AWST) and attended by the holders of listed options in Sierra. The resolution was voted on in accordance with the Notice of Option Scheme Meeting previously provided to ASX and included as Annexure 9 to the Scheme Booklet.
The resolution to approve the optionholders scheme of arrangement was passed by the requisite majorities, following a poll taken at the meeting which was conducted by Computershare Investor Services Pty Limited.
The results of the poll conducted were as follows:
Resolution | Results | For | Against | Abstain | % For |
Approval of optionholders scheme of arrangement | Number of Votes Cast | 18,435,257 | Nil | Nil | 100% |
Number of Optionholders Voting | 25 | Nil | Nil | 100% |
In accordance with section 251AA of the Corporations Act 2001 (Cth), the following information is also provided:
Resolution | Number of Proxy Votes | |||
Approval of optionholders scheme of arrangement | For | Against | Abstain | Proxy's Discretion |
18,420,258 | Nil | Nil | Nil |
Notice of Second Court Hearing
The Second Court Hearing will be held at 10:15am (AWST) on Thursday, 22 May 2014 at the Federal Court of Australia at Peter Durack Commonwealth Court Building, 1
Victoria Avenue, Perth, Western Australia.
Please see the attached notices for further details regarding the Second Court Hearing.
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Indicative Timetable
Following shareholder and optionholder approval of the Schemes, upcoming key dates in relation to the Schemes are as follows1:
Event | Date |
Second Court Hearing Date | Thursday 22 May 2014 |
Lodge court order with ASIC (Effective Date) Suspension and last trading day of Sierra shares and options on ASX | Friday 23 May 2014 |
Record Date (for determining entitlements to scheme consideration) | Wednesday 28 May 2014 |
Implementation Date (issue of RTG CDIs and RTG Option CDIs to Sierra shareholders and optionholders) | Wednesday 4 June 2014 |
Despatch of holding statements for RTG CDIs and RTG Option CDIs to Sierra shareholders and optionholders | Wednesday 4 June 2014 |
Commencement of trading in RTG CDIs and RTG Option CDIs on ASX | Friday 5 June 2014 |
1. All times set out in this ASX release are in Australian Western Standard time (AWST) unless stated otherwise. Subject to the approval of ASX, Sierra reserves the right to vary the times and dates above and will announce any changes on ASX.
Enquiries: Matt Syme, Managing Director +61 8 9322 6322
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SIERRA MINING LIMITED ACN 118 060 441 Notice of hearing to approve scheme of arrangementTO all the members of Sierra Mining Limited ACN 118 060 441 (Sierra).
TAKE NOTICE that at 10:15 am (WST) on 22 May 2014, the Federal Court of Australia at Peter Durack Commonwealth Court Building, 1 Victoria Avenue, Perth, Western Australia, 6000 will hear an application by Sierra seeking the approval of a scheme of arrangement between Sierra and its members as proposed by a resolution passed by the meeting of the members of Sierra held on 16 May 2014.
If you wish to oppose the approval of the scheme of arrangement, you must file and serve on Sierra a notice of appearance, in the prescribed form, together with any affidavit on which you wish to rely at the hearing. The notice of appearance and affidavit must be served on Sierra at its address for service at least 1 day before the date fixed for the hearing of the application.
The address for service of Sierra is c/o Hardy Bowen, Level 1, 28 Ord Street, West Perth, Western Australia, 6005 (Attention: Michael Bowen). Alternatively by email to mbowen@hardybowen.com.
This notice is given by Hardy Bowen, solicitors for Sierra.
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SIERRA MINING LIMITED ACN 118 060 441 Notice of hearing to approve scheme of arrangementTO all the creditors (including holders of listed options) of Sierra Mining Limited ACN 118 060
441 (Sierra).
TAKE NOTICE that at 10:15 am (WST) on 22 May 2014, the Federal Court of Australia at Peter Durack Commonwealth Court Building, 1 Victoria Avenue, Perth, Western Australia, 6000 will hear an application by Sierra seeking the approval of a scheme of arrangement between Sierra and its holders of listed options as proposed by a resolution passed by the meeting of the holders of listed options of Sierra held on 16 May 2014.
If you wish to oppose the approval of the scheme of arrangement, you must file and serve on Sierra a notice of appearance, in the prescribed form, together with any affidavit on which you wish to rely at the hearing. The notice of appearance and affidavit must be served on Sierra at its address for service at least 1 day before the date fixed for the hearing of the application.
The address for service of Sierra is c/o Hardy Bowen, Level 1, 28 Ord Street, West Perth, Western Australia, 6005 (Attention: Michael Bowen). Alternatively by email to mbowen@hardybowen.com.
This notice is given by Hardy Bowen, solicitors for Sierra.
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