Exhibit 99.1
12th September 2007
The Manager
Australian Stock Exchange
Exchange Plaza
2 The Esplanade
PERTH WA 6000
Dear Sir,
RE: Change of Director’s Interest - Appendix 3Y
The Board wishes to advise that the Chairman, Mr George Snow, has declared his intention to sell some shares from his existing holding of 14,384,556 shares. This action is being taken to satisfy superannuation regulations in relation to Mr Snow's personal investments. Mr Snow continues to have full confidence in the financial and operational performance of the company and he is not aware of any information that would lead to a deterioration in the value of the company. He does not intend to relinquish his position on the Board at this time. Mr Snow intends to dispose of the shares in an orderly manner that will not adversely affect the market value of the shares. All share disposals will take place within the Company's share trading policy guidelines.
Yours faithfully,
/s/ Simon Charles Bunbury Adams
SIMON ADAMS
Company Secretary
Appendix 3Y
Change of Director’s Interest Notice
Information or documents not available now must be given to ASX as soon as available. Information and documents given to ASX become ASX’s property and may be made public.
Introduced 30/9/2001.
Name of entity ATLAS PACIFIC LTD |
ABN 32 009 220 053 |
We (the entity) give ASX the following information under listing rule 3.19A.2 and as agent for the director for the purposes of section 205G of the Corporations Act.
| Name of Director | GEORGE ROBERT WARWICK SNOW |
Date of last notice | 7th March 2006 |
Part 1 - Change of director’s relevant interests in securities
In the case of a trust, this includes interests in the trust made available by the responsible entity of the trust
Direct or indirect interest | INDIRECT INTEREST |
Nature of indirect interest (including registered holder) Note: Provide details of the circumstances giving rise to the relevant interest. | Dampier Investment Group Pty Ltd and Tempest Pty Ltd |
Date of change | 11TH September 2007 |
No. of securities held prior to change | 14,384,556 Ordinary Shares |
Class | Ordinary Shares |
Number acquired | Nil |
Number disposed | 298,283 |
Value/Consideration Note: If consideration is non-cash, provide details and estimated valuation | $135,350.29 |
No. of securities held after change | 14,086,273 Ordinary Shares |
Nature of change Example: on-market trade, off-market trade, exercise of options, issue of securities under dividend reinvestment plan, participation in buy-back | On-Market Trade |
Part 2 - Change of director’s interests in contracts
Detail of contract | N/A |
Nature of interest | N/A |
Name of registered holder (if issued securities) | N/A |
Date of change | N/A |
No. and class of securities to which interest related prior to change Note: Details are only required for a contract in relation to which the interest has changed | N/A |
Interest acquired | N/A |
Interest disposed | N/A |
Value/Consideration Note: If consideration is non-cash, provide details and an estimated valuation | N/A |
Interest after change | N/A |
/s/ Simon Charles Bunbury Adams
SIMON ADAMS
Company Secretary
12th September 2007
