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DRA GLOBAL LIMITED - Notification of on-market buy-back

Release Date: 03/12/2021 07:05
Code(s): DRA     PDF:  
Wrap Text
Notification of on-market buy-back

DRA Global Limited
(Incorporated in Australia under the Corporations Act 2001 (Cth))
ACN 622 581 935
ASX / JSE Share Code: DRA
ISIN: AU0000155814
("DRA" or "the Company")
JSE Sponsor: Pallidus Capital Proprietary Limited


                                                              JSE ANNOUNCEMENT
                                                                                                                 3 December 2021




UPDATE - NOTIFICATION OF ON-MARKET BUY-BACK

DRA Global Limited (ASX / JSE: DRA) (DRA or the Company) releases the ‘Update – Notification of buy-back
– DRA’ notice released to the Australian Securities Exchange today.


- ENDS -


For further information, please contact:

Investor queries:                                                    Media enquiries:
Haydn von Maltitz                                                    John Gardner
Head of Corporate Affairs – DRA Global                               Citadel-MAGNUS
Ph: +61 8 6163 5939                                                  M: +61 413 355 997
shareholders@draglobal.com                                           jgardner@citadelmagnus.com




About DRA Global Limited
DRA Global Limited (ASX: DRA | JSE: DRA) (DRA or the Company) is a multi-disciplinary engineering, project management and
operations management group predominantly focused on the mining and minerals resources sector. DRA has an extensive global track
record, spanning more than three decades and more than 7,500 studies and projects as well as operations and maintenance solutions
across a wide range of commodities.
DRA has expertise in mining, minerals and metals processing and related non-process infrastructure including ESG, water and energy
solutions for the mining industry. DRA delivers advisory, engineering and project delivery services throughout the capital project 
lifecycle from concept though to operational readiness and commissioning as well as ongoing operations, maintenance and shutdown services.
DRA, headquartered in Perth, Australia, services its global customer base through 20 offices across Asia-Pacific, North and South
America, Europe, Middle East and Africa.


Physical Level 8, 256 Adelaide Terrace / Perth WA 6000 / Australia // Postal PO Box 3130 / East Perth WA 6892 / Australia
Telephone +61 (0)8 6163 5900 // info@draglobal.com // ACN 622 581 935 // ASX: DRA / JSE:DRA


Announcement Summary


     Name of entity
     DRA GLOBAL LIMITED

     Announcement type
     Update announcement

     Type of update
     Daily buy-back notification

     Date of this announcement
     3/12/2021

     Reason for update
     Daily buy-back notification

     ASX - 2,076 shares, consideration AUD7,007.01, paid high AUD3.41 low AUD3.35, price limit AUD3.57
     JSE - 3,369 shares, consideration ZAR124,690.02, paid high ZAR3,899 low 3,749, price limit ZAR4,015
     Part 4 aggregate information converted at 1ZAR-0.0885AUD (xe.com)


     ASX Security code and description of the class of +securities the subject of the buy-back
     DRA : ORDINARY FULLY PAID

     The type of buy-back is:
     On market buy-back

     Total number of +securities bought back before previous day
     38,358

     Total number of +securities bought back on previous day
     5,445



Part 1 - Entity and announcement details


     1.1 Name of entity
     DRA GLOBAL LIMITED

     We (the entity named above) provide the following information about our buy-back.

     1.2 Registration number type                                 Registration number
         ABN                                                      72622581935

     1.3 ASX issuer code
         DRA

     1.4 The announcement is
         Update/amendment to previous announcement

     1.4a Type of update
          Daily buy-back notification

     1.4b Reason for update
          Daily buy-back notification

          ASX - 2,076 shares, consideration AUD7,007.01, paid high AUD3.41 low AUD3.35, price limit AUD3.57
          JSE - 3,369 shares, consideration ZAR124,690.02, paid high ZAR3,899 low 3,749, price limit ZAR4,015
          Part 4 aggregate information converted at 1ZAR-0.0885AUD (xe.com)

     1.4c Date of initial notification of buy-back
          19/8/2021

     1.4d Date of previous announcement to this update
          23/11/2021



     1.5 Date of this announcement
         3/12/2021

     1.6 ASX Security code and description of the class of +securities the subject of the buy-back
         DRA : ORDINARY FULLY PAID



Part 2 - Type of buy-back

     2.1 The type of buy-back is:
         On market buy-back


Part 3 - Buy-back details


Part 3A - Details of +securities, price and reason



     3A.1 Total number of +securities on issue in the class of
          +securities to be bought back
          54,227,777



     3A.4 Does the entity intend to buy back a minimum
          number of +securities
          No


     3A.5 Does the entity intend to buy back a maximum
          number of securities
          No


     3A.6 Name of broker or brokers who will offer to buy back +securities on the entity's behalf


          Broker name:


          ASX: Wilsons Stockbroking and Advisory Limited (ABN 65 057 547 323)


          JSE: Anchor Stockbrokers (Pty) Ltd (South Africa - Registration No 2015/111828/07)




     3A.9 Are the +securities being bought back for a cash consideration?
          Yes

     3A.9a Is the price to be paid for +securities bought back known?
           No

     3A.9a.1 In what currency will the buy-back consideration
             be paid?
             AUD - Australian Dollar



Part 3B - Buy-back restrictions and conditions


     3B.1 Does the buy-back require security holder
          approval?
          No


Part 3C - Key dates

     On-market buy-back

     3C.2 Proposed buy-back start date
          6/9/2021

     3C.3 Proposed buy-back end date
          5/9/2022


Part 3D - Other Information



     3D.1 Any other information the entity wishes to notify to ASX about the buy-back
          DRA will provide daily buy-back notifications in the form of an ASX Appendix 3C Notification of Buy-Back for any day on
          which DRA shares are bought back on the ASX and/or the JSE. The daily buy-back information reported in Part 4 will be
          reported on an aggregated ASX and JSE basis, with separate ASX and JSE information disclosed in Part 1 Section 1.4b.

          DRA will notify the market of any changes, and reserves the right to suspend or terminate the buy-back at any time.



Part 4 - Daily buy-back notification



      A daily buy-back notification must be submitted for Employee share scheme, On-market, Equal access share scheme and
      Other buy-backs at least half an hour before the commencement of trading on the +business day after any day on which
      +securities are bought back (per listing rule 3.8A)

      Please verify if the pre-populated values are accurate as they are only indicative based on previous online submissions.
      The pre-populated values may not be accurate if previous online submissions are still in-flight or in case of announcements
      made via a MS Word form.

      Whilst you may over-ride a pre-populated value, once over-ridden it will not be possible to retrieve the previously
      pre-populated value.


      4.1 Date of this notification
          3/12/2021

      4.2 Previous day on which +securities were bought back
          2/12/2021

                                                           Before previous day                        On previous day

      4.3 Total number of +securities bought back, or in   38,358                                       5,445
          relation to which acceptances have been received

      4.4 Total consideration paid or payable for the      AUD 138,874.42000                          AUD 18,037.96000
          +securities

      4.5 Highest price paid                               AUD 3.80000000                             AUD 3.41000000

                                                           Date highest price was paid:
                                                           14/9/2021

      4.6 Lowest price paid                                AUD 3.34500000                             AUD 3.35000000

                                                           Date lowest price was paid:
                                                           16/11/2021

      4.7 Highest price allowed to be paid by entity on the previous day under listing rule 7.33:
          AUD 3.57000000

      4.8 If the entity has disclosed an intention to buy back a maximum number of +securities, the remaining number of
          +securities to be bought back as at the end of the previous day



Date: 03-12-2021 07:05:00
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