2 Aug 2012 07:00
2 August 2012
Jupiter Energy Limited ("Jupiter" or the "Company")
CONVERSION OF CONVERTIBLE NOTE
The Board of Jupiter Energy Limited, the Kazakhstan-focused oil exploration and production company, quoted on AIM ("JPRL") and ASX ("JPR"), is pleased to announce that the $US3.45m of convertible notes held by Soyuzneftegas Capital Limited ("SNG") have today been converted into ordinary shares in the capital of the Company ("Ordinary Shares").
Please find attached an Appendix 3B covering the issue of 8,215,000 Ordinary Shares which have been allotted. Pursuant to the conversion, (the "Conversion Shares") under the terms of the Convertible Notes, SNG had the right to elect to convert the notes at the same issue price as the recent Rights Issue. The conversion price of the notes was therefore $A0.40 and the issue of 8,215,000 shares satisfies the full $US3.45m due.
Shareholder approval for the issue of a maximum of 8,215,000 Ordinary Shares was granted at a General Meeting held on 14 May 2012. Approval from the Kazakh government to issue 8,215,000 shares was obtained on 21 June 2012.
Application will be made for the admission of the Conversion Shares to trading on both the ASX and the AIM Market of the London Stock Exchange and it is expected that admission will occur and dealing will commence in the Conversion Shares on 9 August 2012. The Conversion Shares will rank pari passu with the existing Ordinary Shares currently trading on the ASX and AIM.
The total number of Ordinary Shares on issue is now 153,377,693, post the allotment of the Conversion Shares.
ENDS
Enquiries:
Jupiter Energy (+61 8 9322 8222)
Scott Mison (scott@jupiterenergy.com)
finnCap Ltd +44 (0)20 7220 0500
Matt Goode/Christopher Raggett (Corporate Finance)
Simon Johnson (Corporate Broking)
GMP Securities (Europe) LLP +44 (0) 20 7647 2800
James Pope (Corporate Finance)
Chris Beltgens (Corporate Finance)
Media Enquiries:
Allerton Communications +44 (0)20 3137 2500
Peter Curtain peter.curtain@allertoncomms.co.uk
About the Company:
Jupiter Energy Limited is an oil exploration and production company, quoted on both the AIM and ASX markets. The Company is focused on developing its onshore assets in western Kazakhstan. In 2008 the Company acquired 100 per cent of the Block 31 permit, located in the oil-rich Mangistau Basin, close to the port city of Aktau.
Jupiter Energy has a proven in-country management team, led by an experienced, international Board, together possessing the skills, knowledge, network and attention to detail needed to operate successfully in Kazakhstan. The forward plan will see Jupiter Energy develop a group facility on site to process, store and ship oil. This surface infrastructure is a key element in moving to licensed production and the achievement of self-funding.
Appendix 3B
New issue announcement,
application for quotation of additional securities
and agreement
Information or documents not available now must be given to ASX as soon as available. Information and documents given to ASX become ASX's property and may be made public.
Introduced 1/7/96. Origin: Appendix 5. Amended 1/7/98, 1/9/99, 1/7/2000, 30/9/2001, 11/3/2002, 1/1/2003.
Name of entity |
Jupiter Energy Limited |
ABN |
65 084 918 481 |
We (the entity) give ASX the following information.
Part 1 ‑ All issues
You must complete the relevant sections (attach sheets if there is not enough space).
1 | +Class of +securities issued or to be issued
| Fully paid ordinary shares
|
2 | Number of +securities issued or to be issued (if known) or maximum number which may be issued
| 8,215,000 |
3 | Principal terms of the +securities (eg, if options, exercise price and expiry date; if partly paid +securities, the amount outstanding and due dates for payment; if +convertible securities, the conversion price and dates for conversion) | Fully paid ordinary shares |
| |||||
4 | Do the +securities rank equally in all respects from the date of allotment with an existing +class of quoted +securities?
If the additional securities do not rank equally, please state: ·; the date from which they do ·; the extent to which they participate for the next dividend, (in the case of a trust, distribution) or interest payment ·; the extent to which they do not rank equally, other than in relation to the next dividend, distribution or interest payment | Yes |
| ||
| |||||
5 | Issue price or consideration
| 40 cents |
| ||
6 | Purpose of the issue (If issued as consideration for the acquisition of assets, clearly identify those assets)
| Conversion of convertible notes | |||
| |||||
7 | Dates of entering +securities into uncertificated holdings or despatch of certificates
| 2 August 2012 | |||
Number | +Class | ||||
8 | Number and +class of all +securities quoted on ASX (including the securities in clause 2 if applicable)
| 153,377,693
| Ordinary Shares
| ||
Number | +Class | ||
9 | Number and +class of all +securities not quoted on ASX (including the securities in clause 2 if applicable)
|
2,133,335
400,000
266,668
200,001
|
Subject to a minimum increase of 25%, the Performance Rights for each holder shall vest in proportion to the % increase in the Share price of the Company above 73.5 cents basis (Vesting Condition) expiring 31 December 2013
options at $1.50 expiring 31 Dec 2012
options at $2.25 expiring 31 Dec 2012
Options - exercise price $2.775 expiring 31 Dec 2012
|
10 | Dividend policy (in the case of a trust, distribution policy) on the increased capital (interests) | No stated policy | |
Part 2 ‑ Bonus issue or pro rata issue
11 | Is security holder approval required?
| |
12 | Is the issue renounceable or non-renounceable? | |
13 | Ratio in which the +securities will be offered | |
14 | +Class of +securities to which the offer relates | |
15 | +Record date to determine entitlements | |
16 | Will holdings on different registers (or subregisters) be aggregated for calculating entitlements? | |
17 | Policy for deciding entitlements in relation to fractions
| |
18 | Names of countries in which the entity has +security holders who will not be sent new issue documents Note: Security holders must be told how their entitlements are to be dealt with. Cross reference: rule 7.7. | |
19 | Closing date for receipt of acceptances or renunciations | |
20 | Names of any underwriters
| |
21 | Amount of any underwriting fee or commission | |
22 | Names of any brokers to the issue
| |
23 | Fee or commission payable to the broker to the issue | |
24 | Amount of any handling fee payable to brokers who lodge acceptances or renunciations on behalf of +security holders | |
25 | If the issue is contingent on +security holders' approval, the date of the meeting | |
26 | Date entitlement and acceptance form and prospectus or Product Disclosure Statement will be sent to persons entitled | |
27 | If the entity has issued options, and the terms entitle option holders to participate on exercise, the date on which notices will be sent to option holders | |
28 | Date rights trading will begin (if applicable) | |
29 | Date rights trading will end (if applicable)
| |
30 | How do +security holders sell their entitlements in full through a broker? | |
31 | How do +security holders sell part of their entitlements through a broker and accept for the balance? | |
32 | How do +security holders dispose of their entitlements (except by sale through a broker)? | |
33 | +Despatch date
|
Part 3 ‑ Quotation of securities
You need only complete this section if you are applying for quotation of securities
34 | Type of securities (tick one)
| |
(a) | x | Securities described in Part 1 |
(b) | All other securities Example: restricted securities at the end of the escrowed period, partly paid securities that become fully paid, employee incentive share securities when restriction ends, securities issued on expiry or conversion of convertible securities |
Entities that have ticked box 34(a)
Additional securities forming a new class of securities
Tick to indicate you are providing the information or documents |
35 | If the +securities are +equity securities, the names of the 20 largest holders of the additional +securities, and the number and percentage of additional +securities held by those holders | |
36 | If the +securities are +equity securities, a distribution schedule of the additional +securities setting out the number of holders in the categories 1 - 1,000 1,001 - 5,000 5,001 - 10,000 10,001 - 100,000 100,001 and over | |
37 | A copy of any trust deed for the additional +securities |
Entities that have ticked box 34(b)
38 | Number of securities for which +quotation is sought
|
| ||
| ||||
39 | Class of +securities for which quotation is sought
|
| ||
| ||||
40 | Do the +securities rank equally in all respects from the date of allotment with an existing +class of quoted +securities?
If the additional securities do not rank equally, please state: ·; the date from which they do ·; the extent to which they participate for the next dividend, (in the case of a trust, distribution) or interest payment ·; the extent to which they do not rank equally, other than in relation to the next dividend, distribution or interest payment |
| ||
| ||||
41 | Reason for request for quotation now Example: In the case of restricted securities, end of restriction period
(if issued upon conversion of another security, clearly identify that other security)
|
| ||
| ||||
Number | +Class | |||
42 | Number and +class of all +securities quoted on ASX (including the securities in clause 38)
| |||
1 +Quotation of our additional +securities is in ASX's absolute discretion. ASX may quote the +securities on any conditions it decides.
2 We warrant the following to ASX.
·; The issue of the +securities to be quoted complies with the law and is not for an illegal purpose.
·; There is no reason why those +securities should not be granted +quotation.
·; An offer of the +securities for sale within 12 months after their issue will not require disclosure under section 707(3) or section 1012C(6) of the Corporations Act.
Note: An entity may need to obtain appropriate warranties from subscribers for the securities in order to be able to give this warranty
·; Section 724 or section 1016E of the Corporations Act does not apply to any applications received by us in relation to any +securities to be quoted and that no-one has any right to return any +securities to be quoted under sections 737, 738 or 1016F of the Corporations Act at the time that we request that the +securities be quoted.
·; We warrant that if confirmation is required under section 1017F of the Corporations Act in relation to the +securities to be quoted, it has been provided at the time that we request that the +securities be quoted.
·; If we are a trust, we warrant that no person has the right to return the +securities to be quoted under section 1019B of the Corporations Act at the time that we request that the +securities be quoted.
3 We will indemnify ASX to the fullest extent permitted by law in respect of any claim, action or expense arising from or connected with any breach of the warranties in this agreement.
4 We give ASX the information and documents required by this form. If any information or document not available now, will give it to ASX before +quotation of the +securities begins. We acknowledge that ASX is relying on the information and documents. We warrant that they are (will be) true and complete.
Sign here: Date: 2 August 2012
(Director / Company Secretary)
Print name: Scott Mison