Share Purchase Plan

Eligible shareholders as at the record date of 5pm (AWST time), 1 November 2022 with a registered address in Australia or New Zealand are invited to participate in the Share Purchase Plan (SPP).

The SPP is open from 10 November 2022 and closes at 5pm (AWST time) on 30 November 2022, unless extended.

Offer document

Further information regarding the SPP, and how to participate, is available in the SPP Offer Document.

The SPP is subject to the terms and conditions set out in the Offer Document.

Please note: DATES IN THE OFFER DOCUMENT HAVE CHANGED SINCE PUBLICATION. Correct dates for the SPP are shown in the table below.

Summary of important dates

Record Date (the date that eligibility to participate in the SPP was determined)5.00pm on Tuesday, 1 November 2022
Opening Date for applicationsThursday, 10 November 2022
Closing Date for applications5.00pm on Wednesday, 30 November 2022
Results of SPP announcedMonday, 5 December 2022
Issue of SPP SharesMonday, 5 December 2022
SPP Shares commence trading on ASXTuesday, 6 December 2022
Despatch of holding statementsTuesday, 6 December 2022

Summary of important information

Key SPP detailsSummary

SPP Offer

Eligible Shareholders of ASM (being Shareholders who were registered holders of Shares at 5.00pm (AWST) on Tuesday, 1 November 2022 with a registered address in either Australia or New Zealand as shown on the Register) may subscribe for up to $30,000 of SPP Shares without brokerage or other transaction costs.

Purpose of the SPP



The proceeds of the SPP will be used for:
  • secure KMP feedstock inventory to support metals production, and in turn assist with near term customer acquisition;
  • accelerate offtake marketing and strategic partner discussions in relation to funding the Dubbo Project;
  • commence early works on roads, bridge and rail that are important for site access; and
  • manage corporate costs, general working capital and costs associated with the Capital Raising.
Issue Price of SPP Shares

The Issue Price of the SPP Shares will be $1.73 per SPP Share, which is the same price as was paid for each Share by investors in the Placement.
The Issue Price represents a:
  • 12.4% to the Company’s last closing price of $1.975 on 28 October 2022; and
  • 16.4% to the 10-day volume weighted average price of $2.069 on 28 October 2022.
Not transferableThe SPP offer cannot be transferred.
Investment amountEligible Shareholders may apply for SPP Shares in parcels valued at $1,000, $2,500, $5,000, $7,500, $10,000, $12,500, $15,000, $20,000, $25,000 or $30,000.
How to apply

The Booklet describes how to apply.
In addition, ASM has dispatched hard copies of the Booklet and personalised Application Form to each Eligible Shareholder.
Applications must be received by the Registry prior to the close of the SPP Offer at 5.00pm (AWST) on Wednesday, 30 November 2022.
Rights attached to SPP SharesSPP Shares will rank equally with all other Shares on issue.

More information

If you have any questions in relation to how to participate in the SPP, please contact the Registry from 7:30 am to 5:00 pm (AWST) on Monday to Friday on 08 9389 8033 (callers within Australia) or +61 8 9389 8033(callers outside Australia) or consult your financial or other professional adviser.
If you have any questions in relation to whether an investment in ASM through the SPP is appropriate for you, please contact your stockbroker, accountant or other professional adviser.