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2011 Annual Conference. 28 TH ANNUAL CONFERENCE 2011. B1 Funding Challenges for SME’s Alistair Jaque Nic Andrews. CSA National conference 2011 Funding Challenges F or SMEs Nic Andrews CEO, Magontec Limited Alistair Jaque Partner, Swaab Attorneys 5 December 2011. - PowerPoint PPT Presentation
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B1 Funding Challenges for SME’s
Alistair Jaque Nic Andrews
2011ANNU
AL
CONFERENCE
28TH ANNUAL
CONFERENCE
2011
CSA National conference 2011Funding Challenges For SMEs
Nic Andrews CEO, Magontec Limited Alistair Jaque Partner, Swaab Attorneys
5 December 2011
The magnesium industry and MGL
Mg alloys
Al alloys
Steel
Ti
Fe
Other
Automotive
‘3C’
Powertool
China
ApplicationIndustrySource
Fundraising rules
Types of funding Loan facility Subscription for shares Convertible loan note Redeemable preference shares
Fundraising rules
Rules for private companiesRules for public companiesRestrictions on advertising investment
opportunities
Funding The Magontec acquisition
Australian, German, Romanian, Cypriot and Chinese jurisdictions
Dealing with a much larger listed seller AML share price Acquisition funding Working capital funding Funding costs and expenses Shareholder approvals
funding the Magontec acquisition
Listing Rule 7.1 - issue of 15% of AML shares Chapter 6D - disclosure issues Convertible loan note - vendor finance for part of
purchase price Section 606 – ensure takeover provisions not triggered Listing Rule 11.1 - change in nature or scale of business Share Purchase Plan - to raise additional working capital Loan agreement - with bank for working capital funding EGM - 16,000 shareholders