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Issued Securities
Fully Paid Ordinary Shares on Issue 293,094,839 ( As 6th of June 2011)
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| Options |
Unquoted options |
Exercise price |
Expiry date |
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2,000,000 |
$2.50 |
15/4/2012 |
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1,500,000 |
$0.35 |
31/12/2011 |
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3,000,000 |
$0.50 |
31/12/2012 |
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10,000,000 |
$0.70 |
31/12/2012 |
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| Convertible Notes |
| Tranch A |
14,500 |
€ 0.75 |
31-Dec-10 |
| Tranch B |
9,750 |
€ 0.75 |
31-Dec-10 |
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The Convertible Notes have a face value of €1,500, carry a coupon rate of 5% (Tranch A paid in cash, Tranch B is capitalised) and mature on 31 December 2010 (if not converted beforehand). Upon conversion, Tranch A and Tranch B would convert to 48,500,000 fully paid ordinary shares in the Company subject to the customary adjustments provisions.
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As part of his sucessful restructuring , the Company has announced the completion and commencement of Farmout Agreements which will allow the Company to earn a 70% participating interest in 2 large exploration licences and a Production Sharing Agreement where the company will conduct exploration and development operations on large existing production permit areas with the aim of increasing revenue and enhancing gas production of which the Company will earn a participating 70% interest. In order to meet the costs of these planned activities European Gas had set about finalising plans to recapitalize the Company and on 2 June 2011 announced that it had successfully completed a placement to international institutional investors raising $15 million at 45 cents per share. This capital raising was done with the approval of shareholders provided on 28 March 2011.
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| The Company now has sufficient funds to ensure that expenditure on existing assets and work programs outlined over the past few weeks will be fully funded. ln addition the Company will have sufficient capital to selectively secure additional material projects in Europe.
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Shareolder's info
Top 20 Holders of ORDINARY SHARES (As of 6 June 2011)
Rank |
Name |
Number of
Fully Paid
Ordinary Shares |
% |
| 1. |
HSBC CUSTODY NOMINEES (AUSTRALIA) LIMITED |
51,954,116 |
17.73 |
| 2. |
JP MORGAN NOMINEES AUSTRALIA LIMITED <CASH INCOME A/C> |
51,342,819 |
17.52 |
| 3. |
MERRILL LYNCH (AUSTRALIA) NOMINEES PTY LIMITED |
47,633,340 |
16.25 |
| 4. |
OCEAN DOME CORPORATION |
30,000,000 |
10.24 |
| 5. |
TRANSCOR ASTRA LUXEMBOURG SAS |
27,823,434 |
9.49 |
| 6. |
NATIONAL NOMINEES LIMITED |
12,192,405 |
4.16 |
| 7. |
ABN AMRO CLEARING SYDNEY NOMINEES PTY LTD <CUSTODIAN A/C> |
4,878,832 |
1.66 |
| 8. |
HSBC CUSTODY NOMINEES (AUSTRALIA) LIMITED-A/C 3 |
4,500,000 |
1.54 |
| 9. |
CITICORP NOMINEES PTY LIMITED |
4,194,863 |
1.43 |
| 10. |
TRAVELLY PTY LTD |
2,000,000 |
0.68 |
| 11. |
PYNC PTY LTD <CONNAT INVEST UNIT A/C> |
1,500,000 |
0.51 |
| 12. |
MR SHANE BACH |
1,460,000 |
0.50 |
| 13. |
MRS CAROLE CHRISTINE ROWAN |
1,375,000 |
0.47 |
| 14. |
MR TYBO HARM NIEKAMP AND MRS DIANNE ELIZABETH NIEKAMP <TH&DE NIEKAMP SUPER A/C> |
1,105,714 |
0.38 |
| 15. |
ODESSEY PTY LIMITED |
1,045,708 |
0.36 |
| 16. |
ROSS ASSET MANAGEMENT LIMITED |
950,000 |
0.32 |
| 17. |
OIC NOMINEES LIMITED |
862,911 |
0.29 |
| 18. |
PICTON MANAGEMENT SERVICES PTY LTD <BATH SUPER FUND A/C> |
850,000 |
0.29 |
| 19. |
AMBRE INVESTMENTS PTY LTD <CHORES MINING A/C> |
820,000 |
0.28 |
| 20. |
LAKER FAMILY NOMINEES PTY LTD <LAKER FAMILY SUPER FUND A/C> |
812,500 |
0.28 |
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293,094,839 |
81.51 |
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