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Share Purchase Plan

Share Purchase Plan

The recent Share Purchase Plan (SPP) offered by Chalice Mining Limited to eligible shareholders closed, at 2.00pm AWST, Tuesday, 12 January 2021.

On 15 January 2021, Chalice announced the results of the SPP.  The SPP was strongly supported by eligible shareholders and was substantially oversubscribed, with the Company receiving over 2,300 applications totalling approximately $47 million at the issue price of $3.75, being the same issue price as the successful $100 million institutional placement completed on 8 December 2020. 

Given the outstanding response to the SPP, Chalice’s Board of Directors (Directors) exercised its discretion under the terms of the SPP to increase the SPP offer to ~$15 million from the original $10 million targeted in recognition of the long-term support of its retail investors. 

The SPP Shares are expected to be issued on Thursday, 21 January 2021 and commence trading on the ASX on Friday, 22 January 2021. Holding statements are expected to be dispatched on Friday, 22 January 2021.*

Refund Process
The payment of refunds for scaled back applications, as well as late and invalid applications, is expected to commence on Friday, 22 January 2021. 

To expedite the refund process, shareholders are encouraged to provide their nominated bank account details. If shareholders need to update or provide their nominated bank account details this can be done online at www.computershare.com.au/easyupdate/chn. Any changes to nominated bank account details need to be completed by 5.00pm (EDST), Tuesday, 19 January 2021.

If you do not provide your nominated bank account details your refund will be received via cheque.

If you have any questions in relation to the SPP, please contact Chalice’s Share Registry, Computershare Investor Services Pty Limited, from 8.30am to 5.00pm (EDST) Monday to Friday on 1300 850 505 (within Australia) or +61 3 9415 4000 (outside of Australia). 

For more information refer to:

•    Offer Document
•    SPP Results announcement

*The above dates are indicative only and are subject to change, subject to compliance with the ASX Listing Rules and Corporations Act.