LR 10.3 Class 3 requirements

If:

1. (a)

   a listed company agrees the terms of a class 3 transaction that involves an acquisition; and

2. (b)

   the consideration for the acquisition includes the issue of securities for which listing will be sought;

the company must notify a RIS as soon as possible after the terms of the acquisition are agreed.

The notification must include:

1. (a)

   the amount of the securities being issued;

2. (b)

   details of the transaction, including the name of the other party to the transaction; and

3. (c)

   either the value of the consideration, and how this is being satisfied, or the value of the gross assets acquired, whichever is the greater.

If:

1. (a)

   a listed company agrees the terms of a class 3 transaction of a type other than that referred to in LR 10.3.1 R; and

2. (b)

   it releases any details to the public;

it must also notify those details to a RIS by no later than the release of details to the public referred to in paragraph (b).

The notification must include:

1. (a)

   details of the transaction, including the name of the other party to the transaction; and

2. (b)

   either the value of the consideration, and how this is being satisfied, or the value of the gross assets acquired or disposed of.