Exhibit 99.1
October 31, 2012
Mr. Wade Baggott
Senior Advisor
ASX Limited
Level 8 Exchange Plaza
2 The Esplanade
Perth WA 6000
Dear Mr. Baggott:
On behalf of Unilife Corporation (“Unilife” or “Company”) (NASDAQ: UNIS; ASX: UNS), I am pleased to attach the Appendix 4C for the fiscal 2013 first quarter.
Due to severe weather conditions and expected power outages in the Northeastern United States, which have resulted in the closure of the US financial markets, Unilife has rescheduled the release of its fiscal 2013 first quarter results so that it coincides with the filing of the Form 10-Q with the US Securities & Exchange Commission on Thursday, November 8, 2012 at 4:05 pm (US Eastern Standard Time). Unilife will subsequently release these documents onto the ASX platform prior to the opening of the market on Friday, November 9, 2012.
Unilife’s conference call with analysts will occur on Thursday, November 8, 2012 at 4:30 pm (US Eastern Standard Time) (Friday, November 9, 2012 at 8:30 am AEDT). The conference call will be broadcast over the Internet as a “live” listen only webcast. To listen, please go to:http://ir.unilife.com/events.cfm. Listeners are urged to login approximately 20 minutes before the conference call is scheduled to begin in order to register and to download and install any necessary audio software. An archive of the webcast will be available on the Company’s website.
Shareholders seeking an update on Unilife prior the November 8th conference call are encouraged to refer to a two-part video interview series conducted with an analyst from Griffin Securities, Inc. that was released by the Company last week. The video interviews and associated transcripts are available on the Unilife website atwww.unilife.com. The videos are also available on YouTube: video 1:http://youtu.be/X-LbVnzk1W0; and video 2:http://youtu.be/tDTeWn6UJLQ.
If you have any questions regarding this matter, please contact Jeff Carter, our ASX Liaison Officer, at +61 2 8346 6500.
Sincerely,
J. Christopher Naftzger
Vice President, General Counsel, Corporate Secretary
& Chief Compliance Officer
Unilife Corporation
250 Cross Farm Lane, York, PA 17406T + 1 717 384 3400F + 717 384 3401E info@unilife.comWwww.unilife.com
Appendix 4C
Quarterly report for entities
admitted on the basis of commitments
Rule 4.7B
Appendix 4C
Quarterly report
for entities admitted
on the basis of commitments
Introduced 31/3/2000. Amended 24/10/2005
Name of entity
UNILIFE CORPORATION
| | |
ARBN | | Quarter ended (“current quarter”) |
| |
141 042 757 | | 30 September 2012 |
Consolidated statement of cash flows
| | | | | | | | |
| Cash flows related to operating activities | | Current quarter
$US’000 | | | Year to date
(3 months)
$US’000 | |
1.1 Receipts from customers | | | 10 | | | | 10 | |
1.2 Payments for (a) staff costs | | | (3,709 | ) | | | (3,709 | ) |
(b) advertising and marketing | | | (17 | ) | | | (17 | ) |
(c) research and development | | | (2,369 | ) | | | (2,369 | ) |
(d) leased assets | | | (83 | ) | | | (83 | ) |
(e) other working capital | | | (3,619 | ) | | | (3,619 | ) |
1.3 Dividends received | | | — | | | | — | |
1.4 Interest and other items of a similar nature received | | | 24 | | | | 24 | |
1.5 Interest and other costs of finance paid | | | (699 | ) | | | (699 | ) |
1.6 Income taxes paid | | | — | | | | — | |
1.7 Other (provide details if material) | | | — | | | | — | |
| | | | | | | | |
Net operating cash flows | | | (10,462 | ) | | | (10,462 | ) |
| | | | | | | | |
Appendix 4C
Quarterly report for entities
admitted on the basis of commitments
| | | | | | | | |
| | | Current quarter
$US’000 | | | Year to date
(3 months)
$US’000 | |
1.8 Net operating cash flows (carried forward) | | | (10,462 | ) | | | (10,462 | ) |
Cash flows related to investing activities | | | | | | | | |
1.9 Payment for acquisition of: | | | | | | | | |
(a) businesses (item 5) | | | — | | | | — | |
(b) equity investments | | | — | | | | — | |
(c) intellectual property | | | — | | | | — | |
(d) physical non-current assets | | | (111 | ) | | | (111 | ) |
(e) other non-current assets | | | — | | | | — | |
1.10 Proceeds from disposal of: | | | | | | | | |
(a) businesses (item 5) | | | — | | | | — | |
(b) equity investments | | | — | | | | — | |
(c) intellectual property | | | — | | | | — | |
(d) physical non-current assets | | | — | | | | — | |
(e) other non-current assets | | | — | | | | — | |
| | |
1.11 Loans to other entities | | | — | | | | — | |
1.12 Loans repaid by other entities | | | — | | | | — | |
1.13 Other (provide details if material) | | | — | | | | — | |
| | | | | | | | |
Net investing cash flows | | | (111 | ) | | | (111 | ) |
| | | | | | | | |
1.14 Total operating and investing cash flows | | | (10,573 | ) | | | (10,573 | ) |
| | | | | | | | |
Cash flows related to financing activities | | | | | | | | |
1.15 Proceeds from issues of shares, options, etc | | | 18,780 | | | | 18,780 | |
1.16 Proceeds from sale of forfeited shares | | | — | | | | — | |
1.17 Proceeds from borrowings | | | — | | | | — | |
1.18 Repayment of borrowings | | | (1,173 | ) | | | (1,173 | ) |
1.19 Dividends paid | | | — | | | | — | |
1.20 Other (provide details if material) | | | — | | | | — | |
| | | | | | | | |
Net financing cash flows | | | 17,607 | | | | 17,607 | |
| | | | | | | | |
Net increase (decrease) in cash held | | | 7,034 | | | | 7,034 | |
1.21 Cash at beginning of quarter/year to date | | | 13,880 | | | | 13,880 | |
1.22 Exchange rate adjustments | | | 14 | | | | 14 | |
| | | | | | | | |
1.23 Cash at end of quarter (note 1) | | | 20,928 | | | | 20,928 | |
| | | | | | | | |
| + | See chapter 19 for defined terms. |
| | |
Appendix 4C Page 3 | | 30/9/2001 |
Appendix 4C
Quarterly report for entities
admitted on the basis of commitments
Payments to directors of the entity and associates of the directors
Payments to related entities of the entity and associates of the related entities
| | | | |
| | | Current quarter
$US’000 | |
1.24 Aggregate amount of payments to the parties included in item 1.2 | | | 476 | |
| |
1.25 Aggregate amount of loans to the parties included in item 1.11 | | | — | |
| 1.26 | Explanation necessary for an understanding of the transactions |
Included in the above is directors’ fees and executive director’s remuneration ($418K). A company associated with a director is providing company secretarial, accounting and administrative services in order to maintain compliance with Australian regulations ($58K).
Non-cash financing and investing activities
| 2.1 | Details of financing and investing transactions which have had a material effect on consolidated assets and liabilities but did not involve cash flows |
Nil during the quarter
| 2.2 | Details of outlays made by other entities to establish or increase their share in businesses in which the reporting entity has an interest |
Nil during the quarter
Financing facilities available
Add notes as necessary for an understanding of the position. (See AASB 1026 paragraph 12.2).
| | | | | | | | |
| | | Amount available
$US’000 | | | Amount used
$US’000 | |
3.1 Loan facilities | | | 27,978 | | | | 27,648 | |
| | |
3.2 Credit standby arrangements | | | — | | | | — | |
| + | See chapter 19 for defined terms. |
| | |
30/9/2001 | | Appendix 4C Page 4 |
Appendix 4C
Quarterly report for entities
admitted on the basis of commitments
Reconciliation of cash
| | | | | | | | |
Reconciliation of cash at the end of the quarter (as shown in the consolidated statement of
cash flows) to the related items in the accounts is as follows. | | Current quarter
$US’000 | | | Previous quarter
$US’000 | |
4.1 Cash on hand and at bank | | | 17,170 | | | | 10,125 | |
| | |
4.2 Deposits at call | | | 3,758 | | | | 3,755 | |
| | |
4.3 Bank overdraft | | | — | | | | — | |
| | |
4.4 Other (Term Deposit) | | | — | | | | — | |
| | |
Total: cash at end of quarter(item 1.23) | | | 20,928 | | | | 13,880 | |
| 4.5 | Explanation necessary for an understanding of the transactions |
Restricted cash of $2,400 is included in 4.2 Deposits at call amount of $3,758 in the current quarter. This amount fully secures a related borrowing and is not available for use until the amount borrowed is fully repaid.
Acquisitions and disposals of business entities
| | | | | | |
| | | Acquisitions
(Item 1.9(a)) | | Disposals
(Item 1.10(a)) | |
5.1 Name of entity | | | | | — | |
| | |
5.2 Place of incorporation or registration | | | | | — | |
| | |
5.3 Consideration for acquisition or disposal | | | | | — | |
| | |
5.4 Total net assets | | | | | — | |
| | |
5.5 Nature of business | | | | | — | |
| + | See chapter 19 for defined terms. |
| | |
Appendix 4C Page 5 | | 30/9/2001 |
Appendix 4C
Quarterly report for entities
admitted on the basis of commitments
Compliance statement
| 1 | This statement has been prepared under accounting policies which comply with accounting standards as defined in the Corporations Act (except to the extent that information is not required because of note 2) or other standards acceptable to ASX. |
| 2 | This statement gives a true and fair view of the matters disclosed. |
| | | | | | |
| |  | | | | |
| Sign here: | | | | Date: 31 October 2012 | | |
| | (Director) | | | | |
| Print name: | | Alan Shortall | | | | |
| + | See chapter 19 for defined terms. |
| | |
30/9/2001 | | Appendix 4C Page 6 |
Appendix 4C
Quarterly report for entities
admitted on the basis of commitments
Notes
| 1. | The quarterly report provides a basis for informing the market how the entity’s activities have been financed for the past quarter and the effect on its cash position. An entity wanting to disclose additional information is encouraged to do so, in a note or notes attached to this report. |
| 2. | The definitions in, and provisions of,AASB 1026: Statement of Cash Flows apply to this report except for the paragraphs of the Standard set out below. |
| | |
| |
• 6.2 | | - reconciliation of cash flows arising from operating activities to operating profit or loss |
| |
• 9.2 | | - itemised disclosure relating to acquisitions |
| |
• 9.4 | | - itemised disclosure relating to disposals |
| |
• 12.1(a) | | - policy for classification of cash items |
| |
• 12.3 | | - disclosure of restrictions on use of cash |
| |
• 13.1 | | - comparative information |
| 3. | Accounting Standards.ASX will accept, for example, the use of International Accounting Standards for foreign entities. If the standards used do not address a topic, the Australian standard on that topic (if any) must be complied with. |
| + | See chapter 19 for defined terms. |
| | |
Appendix 4C Page 7 | | 30/9/2001 |
