Orbital Corporation Limited (OBTEF) Inactive
Filed: 30 Jun 14, 12:00am
Appendix 3C
Announcement of buy-back
Rule 3.8A
Appendix 3C
Announcement of buy-back
(exceptminimum holding buy-back)
Information and documents given to ASX become ASX’s property and may be made public.
Introduced 1/9/99. Origin: Appendix 7B. Amended 13/3/2000, 30/9/2001, 11/01/10
Name of entity |
| ABN/ARSN |
Orbital Corporation Limited |
| 32 009 344 058 |
We (the entity) give ASX the following information.
Information about buy-back
1 | Type of buy-back | On-market buy-back |
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2 | +Class of shares/units which is the subject of the buy-back(eg, ordinary/preference) | Ordinary |
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3 | Voting rights(eg, one for one) | One for one |
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4 | Fully paid/partly paid(and if partly paid, details of how much has been paid and how much is outstanding) | Fully Paid |
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5 | Number of shares/units in the+class on issue | 49,756,994 |
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6 | Whether shareholder/unitholder approval is required for buy-back | No shareholder approval required, under 10/12 limit |
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7 | Reason for buy-back | To purchase Orbital Corporation Limited shares on an opportunistic basis to take advantage of the further upside value the board of directors believe exists in the Company’s shares. |
8 | Any other information material to a shareholder’s/unitholder’s decision whether to accept the offer(eg, details of any proposed takeover bid) | None apart from any information disclosed by Orbital to ASX on or prior to the date of this Appendix 3C |
On-market buy-back
9 | Name of broker who will act on the company’s behalf | Broker as determined by the Company | |
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10 | Deleted 30/9/2001. | Not applicable | |
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11 | If the company/trust intends to buy back a maximum number of shares - that number Note: This requires a figure to be included, not a percentage. | The maximum number of shares to be bought back will be 4,975,699 | |
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12 | If the company/trust intends to buy back shares/units within a period of time - that period of time; if the company/trust intends that the buy-back be of unlimited duration - that intention | A 12 month period commencing 27 June 2014 | |
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13 | If the company/trust intends to buy back shares/units if conditions are met - those conditions | Not applicable | |
Employee share scheme buy-back
14 | Number of shares proposed to be bought back | Not applicable | |
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15 | Price to be offered for shares | Not applicable | |
+See chapter 19 for defined terms.
11/01/2010
Appendix 3C Page 1
Appendix 3C
Announcement of buy-back
Selective buy-back
16 | Name of person or description of class of person whose shares are proposed to be bought back | Not applicable | |
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17 | Number of shares proposed to be bought back | Not applicable | |
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18 | Price to be offered for shares | Not applicable | |
Equal access scheme
19 | Percentage of shares proposed to be bought back | Not applicable | |
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20 | Total number of shares proposed to be bought back if all offers are accepted | Not applicable | |
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21 | Price to be offered for shares | Not applicable | |
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22 | +Record date for participation in offer Cross reference: Appendix 7A, clause 9. | Not applicable | |
Compliance statement
1.
The company is in compliance with all Corporations Act requirements relevant to this buy-back.
or, for trusts only:
1.
The trust is in compliance with all requirements of the Corporations Act as modified by Class Order 07/422, and of the trust’s constitution, relevant to this buy-back.
2.
There is no information that the listing rules require to be disclosed that has not already been disclosed, or is not contained in, or attached to, this form.
Sign here:
Date: ...27 June 2014...
Ian Veitch
Company Secretary
+See chapter 19 for defined terms.
Appendix 3C Page 2
11/01/2010