Substantial holder change notice
Notice of change of interests of substantial holder: 28 April 2020
Golden Energy and Resources Limited (GEAR), Golden Investments (Australia) Pte. Ltd. (Golden Investments), PT Dian Swastatika Sentosa Tbk, PT Sinar Mas Tunggal, PT Sinar Mas, Pt Sinar Mas Cakrawala, PT Sinarindo Gerbangmas, their related bodies corporate set out in Annexure A, Franky Oesman Widjaja, Indra Widjaja, and Muktar Widjaja (GEAR Entities), Halim Susanto, Ascend Financial Holding Ltd, Ascend Capital Advisors Pte. Ltd. and Ascend Global Investment Fund SPC (Ascend Entities)
FY20 Guidance Update
The Company has today revised its Underlying EBITDA* guidance for the full year FY20 from $92 - $100 million to $80 - $85 million. This is due to further recent unfolding impacts of COVID-19 which are now expected to impact earnings in the June 2020 quarter.
* Non-IFRS measure
Electronic delivery of Stanmore's Target's Statement
Due to coronavirus pandemic and related issues, ASIC has granted the Company relief from the usual requirement under the Corporations Act to send the Target's Statement to shareholders by post.
This means that when the Target's Statement is released (which will be on or before 4 May 2020) you will receive an email with a link to an electronic copy. If you have not nominated an email address you will receive a letter.
Shareholders may request that a hard copy be sent to them.
Notification of issue, conversion or payment up of equity +securities. Update to previous announcement
Reduction in the number of Performance Rights on issue due to vesting and lapsing of certain Performance Rights under the Stanmore Coal Limited Rights Plan (2016 Plan) and the Stanmore Coal Limited Director and Employee Incentive Plan (2012 plan).
Change of control - vesting of performance rights
On 2 April 2020, after the announcement of the Offer, Golden Investments increased its shareholding in Stanmore to 51.0% triggering a change of control for the purposes of the Stanmore Coal Limited Director and Employee Incentive Plan ("2012 Plan") and the Stanmore Coal Limited Rights Plan ("2016 Plan").
All company announcements can be found on the ASX website at www.asx.com.au.