Financial Express (Holdings) Limited (“we”, “our”, “us” and derivatives) are committed to protecting and respecting your privacy. This Privacy Policy, together with our Terms of Use, sets out the basis on which any personal data that we collect from you, or that you provide to us, will be processed by us relating to your use of any of the below websites (“sites”).

  • FEAnalytics.com
  • FEInvest.net
  • FETransmission.com
  • Investegate.co.uk
  • Trustnet.hk
  • Trustnetoffshore.com
  • Trustnetmiddleeast.com

For the purposes of the Data Protection Act 1998, the data controller is Trustnet Limited of 2nd Floor, Golden House, 30 Great Pulteney Street, London, W1F 9NN. Our nominated representative for the purpose of this Act is Kirsty Witter.

WHAT INFORMATION DO WE COLLECT ABOUT YOU?

We collect information about you when you register with us or use any of our websites / services. Part of the registration process may include entering personal details & details of your investments.

We may collect information about your computer, including where available your operating system, browser version, domain name and IP address and details of the website that you came from, in order to improve this site.

You confirm that all information you supply is accurate.

COOKIES

In order to provide personalised services to and analyse site traffic, we may use a cookie file which is stored on your browser or the hard drive of your computer. Some of the cookies we use are essential for the sites to operate and may be used to deliver you different content, depending on the type of investor you are.

You can block cookies by activating the setting on your browser which allows you to refuse the setting of all or some cookies. However, if you use your browser settings to block all cookies (including essential cookies) you may not be able to access all or part of our sites. Unless you have adjusted your browser setting so that it will refuse cookies, our system will issue cookies as soon as you visit our sites.

HOW WE USE INFORMATION

We store and use information you provide as follows:

  • to present content effectively;
  • to provide you with information, products or services that you request from us or which may interest you, tailored to your specific interests, where you have consented to be contacted for such purposes;
  • to carry out our obligations arising from any contracts between you and us;
  • to enable you to participate in interactive features of our service, when you choose to do so;
  • to notify you about changes to our service;
  • to improve our content by tracking group information that describes the habits, usage, patterns and demographics of our customers.

We may also send you emails to provide information and keep you up to date with developments on our sites. It is our policy to have instructions on how to unsubscribe so that you will not receive any future e-mails. You can change your e-mail address at any time.

In order to provide support on the usage of our tools, our support team need access to all information provided in relation to the tool.

We will not disclose your name, email address or postal address or any data that could identify you to any third party without first receiving your permission.

However, you agree that we may disclose to any regulatory authority to which we are subject and to any investment exchange on which we may deal or to its related clearing house (or to investigators, inspectors or agents appointed by them), or to any person empowered to require such information by or under any legal enactment, any information they may request or require relating to you, or if relevant, any of your clients.

You agree that we may pass on information obtained under Money Laundering legislation as we consider necessary to comply with reporting requirements under such legislation.

ACCESS TO YOUR INFORMATION AND CORRECTION

We want to ensure that the personal information we hold about you is accurate and up to date. You may ask us to correct or remove information that is inaccurate.

You have the right under data protection legislation to access information held about you. If you wish to receive a copy of any personal information we hold, please write to us at 3rd Floor, Hollywood House, Church Street East, Woking, GU21 6HJ. Any access request may be subject to a fee of £10 to meet our costs in providing you with details of the information we hold about you.

WHERE WE STORE YOUR PERSONAL DATA

The data that we collect from you may be transferred to, and stored at, a destination outside the European Economic Area (“EEA”). It may be processed by staff operating outside the EEA who work for us or for one of our suppliers. Such staff may be engaged in, amongst other things, the provision of support services. By submitting your personal data, you agree to this transfer, storing and processing. We will take all steps reasonably necessary, including the use of encryption, to ensure that your data is treated securely and in accordance with this privacy policy.

Unfortunately, the transmission of information via the internet is not completely secure. Although we will do our best to protect your personal data, we cannot guarantee the security of your data transmitted to our sites; any transmission is at your own risk. You will not hold us responsible for any breach of security unless we have been negligent or in wilful default.

CHANGES TO OUR PRIVACY POLICY

Any changes we make to our privacy policy in the future will be posted on this page and, where appropriate, notified to you by e-mail.

OTHER WEBSITES

Our sites contain links to other websites. If you follow a link to any of these websites, please note that these websites have their own privacy policies and that we do not accept any responsibility or liability for these policies. Please check these policies before you submit any personal data to these websites.

CONTACT

If you want more information or have any questions or comments relating to our privacy policy please email [email protected] in the first instance.

 Information  X 
Enter a valid email address

Nova Resources Ltd (NOVA)

  Print      Mail a friend

Thursday 27 February, 2014

Nova Resources Ltd

Investment and Exercise of Warrants

RNS Number : 9923A
Nova Resources Limited
27 February 2014
 



27 February 2014

 

NOVA RESOURCES LIMITED

 

("Nova" or the "Company")

 

Investment and Exercise of Warrants

 

Nova is pleased to announce that it has agreed to acquire warrants over 34,000,000 ordinary shares in the share capital of Tricor Plc ("Tricor"), with such warrants having an exercise price of 0.5p, to be exercised at Nova's discretion by 31 December 2017 (the "Warrants").  The Warrants were acquired for a total consideration of £2 million (approximately 5.88p per Warrant), with 17,000,000 Warrants being acquired from each of Consiliou Growth Fund SPC ("Consiliou") and Upside Management (Offshore) SAL ("Upside"). The acquisition price of approximately 5.88p per Warrant represents a discount to the average closing mid-market price of Tricor's ordinary shares in the last 30 days.

 

Tricor is an investment company focussed on the natural resources sector with investments in iron sand and sand trading operations in the Philippines. Its ordinary shares are traded on the AIM market of the London Stock Exchange. The Board of Nova intends for the Warrants to be retained for the foreseeable future. Following the acquisition of the Warrants, Nova will hold a total of 43,000,000 warrants in Tricor, all of which are exercisable at 0.5p by 31 December 2017.

 

Both Chan Fook Meng and Chris Morgan are directors of Tricor and Nova.

 

Nova's Board has had the opportunity to observe closely the business and management of Tricor's investment operations in the Philippines and is of the view that the operations offer high growth potential.

 

Consiliou and Upside are both substantial shareholders in Nova and therefore the acquisition of the Warrants is treated as a related party transaction under AIM Rule 13.  The directors of Nova, all of whom are independent, having consulted with the Company's nominated adviser Daniel Stewart & Company plc ("Daniel Stewart"), consider that the terms of the acquisition of the Warrants are fair and reasonable insofar as the Company's shareholders are concerned.

 

In connection with the purchase of the Warrants, Consiliou has exercised warrants over 100,000,000 ordinary shares of 1p each in the capital of Nova ("Ordinary Shares") and after the issue and allotment of these Ordinary Shares, Consiliou now has a total direct and indirect beneficial interest in 125,800,000 Ordinary Shares, representing 32.0% of Nova's total enlarged issued ordinary share capital, and has an interest in convertibles and warrants to acquire a further 14,575,000 ordinary shares in Nova.  If the said convertibles and warrants were to be exercised, and no other warrants nor options are exercised, Consiliou would then have an interest in a total of 140,375,000 Ordinary Shares in Nova, representing 34.5% of Nova's then enlarged total issued ordinary share capital.

 

Additionally in connection with the purchase of the Warrants, Upside has exercised warrants over 100,000,000 of Nova's Ordinary Shares and after the issue and allotment of these Ordinary Shares to Upside, Mazen Houssami has a total direct and indirect beneficial interest in 134,125,000 Ordinary Shares, representing 34.1% of Nova's total enlarged issued ordinary share capital, and has an interest in warrants and options to acquire a further 3,250,000 Ordinary Shares in Nova.  If the said warrants and options were to be exercised, and no other warrants nor options are exercised, Mr Houssami would then have an interest in a total of 137,375,000 Ordinary Shares in Nova, representing 34.7% of Nova's then enlarged total issued ordinary share capital.

 

Application will be made to the London Stock Exchange for the 200,000,000 new Ordinary Shares to be admitted to trading on AIM and it is expected that admission will be effective and trading will commence at 8:00 am on 5 March 2014.

 

Following the issue of Ordinary Shares as detailed above, the Company's issued share capital at the date of this announcement consists of 392,840,287 Ordinary Shares and up to 236,900,000 warrants and options exercisable into Ordinary Shares. The Company does not hold any Ordinary Shares in treasury. Therefore, the total number of Ordinary Shares in the Company with voting rights is 392,840,287.

 

The above figure may be used by shareholders in the Company as the denominator for the calculations by which they will determine if they are required to notify their interest in, or a change to their interest in, the share capital of the Company under the Financial Conduct Authority's Disclosure and Transparency Rules.

 

 

Enquiries:

 

Nova Resources Limited                                                          +65 6236 2985

Chan Fook Meng, Chairman/CEO                                               

 

Daniel Stewart & Co (Nominated Advisor & Broker)                +44 20 7776 6550

David Hart / Alex Brearley                                                          

 

Blythe Weigh Communications                                               +44 20 7138 3204

Paul Weigh / Halimah Hussain

 

 


This information is provided by RNS
The company news service from the London Stock Exchange
 
END
 
 
MSCSEFFEMFLSEFE

a d v e r t i s e m e n t