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FERRUM CRESCENT LIMITED - issue of shares for cash in terms of a salary sacrifice plan

Release Date: 21/11/2013 09:00
Code(s): FCR     PDF:  
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issue of shares for cash in terms of a salary sacrifice plan

FERRUM CRESCENT LIMITED
(Incorporated and registered in Australia and registered as
an external company in the Republic of South Africa)
(Registration number A.C.N. 097 532 137)
(External company registration number 2011/116305/10)
Share code on the ASX: FCR
Share code on AIM: FCR
Share code on the JSE: FCR          ISIN: AU000000FCR2
("Ferrum Crescent", the "Company" or the "Group")


ISSUE OF SHARES


Ferrum Crescent announces that the Company has today issued
4,401,392 ordinary shares to Messrs Scott Huntly and Andrew
Nealon under the terms and conditions of the Ferrum
Crescent Director and Senior Management Fee and
Remuneration Sacrifice Share Plan (the “Plan”). The shares
have been issued to Mr Huntly in lieu of his salary for the
period from 1 July 2013 to 31 October 2013 and for Mr
Nealon (via his nominee) for the period from 1 December
2012 to 31 October 2013 at an average weighted average
price for the last 5 days prior to each month end.
On 8th August 2012, the Company’s shareholders approved the
Plan under which Directors and Senior Managers of the
Company who are eligible to be offered shares without
prospectus disclosure may elect to sacrifice part or all of
their directors’ fees or executive remuneration to acquire
shares in the Company. The purpose of the Plan is to help
align the interests of Directors and Senior Managers with
those of shareholders by encouraging Director and Senior
Manager share ownership and (where such shares are newly
issued) preserve cash in the Company. Further detail on the
Plan may be found in the Company’s Notice of General
Meeting of Shareholders dated 29 June 2012.
A breakdown of each Company officer’s share issue is
provided below:
Name              No. of       Average        Total       % of
                  Shares         Price Shareholding   Enlarged
                  Issued                 Post Issue     Issued
                                                         Share
                                                       Capital
Scott         1,267,065    AUD$0.01693    6,723,087       1.78
Huntly
Andrew        3,134,327    AUD$0.01755    4,166,460       1.10
Nealon


Accordingly, application has been made for 4,401,392 Ferrum
Crescent shares to be admitted to trading on the Australian
Securities Exchange Limited, the AIM market of the London
Stock Exchange and on the JSE Limited. Admission is
expected to become effective at 09:00am (Australian Eastern
Daylight Savings time), 8:00am (UK time) and 09:00am (SA
time) on 21 November 2013.
Following admission the Company will have 377,215,933 fully
paid ordinary shares in issue.
Additionally, the Company has today granted 250,000 options
each to Mrs Beverley Gardner, Financial Controller and Mr
Dave Richards, Compliance Manager. The Options have been
granted under the terms and conditions of the Ferrum
Crescent Ltd Employee Option Plan. The Options will be
unquoted, granted for no consideration but will be
exercisable at AUD$0.03 on or before 21st November 2016.


For more information, please visit www.ferrumcrescent.com
or contact:


Australia and Company enquiries:
Ferrum Crescent Limited
Ed Nealon
T: +61 8 9380 9653
Executive Chairman


Bob Hair
T: +61 414 926 302
Managing Director


UK enquiries:
Ocean Equities Limited (Broker)
Guy Wilkes
T: +44 (0) 20 7786 4370


RFC Ambrian Limited (Nominated Adviser)
Sarah Wharry
T: +44 (0) 20 3440 6800
Jen Boorer
T: +44 (0) 20 3440 6800


Ferrum Crescent Limited
Laurence Read (UK representative)
T: +44 7557672432


South Africa enquiries:
Sasfin Capital
Leonard Eiser
T: +27 11 809 7500




21 November 2013
Johannesburg


Sponsor
Sasfin Capital (a division of Sasfin Bank Limited)

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