8 Apr 2013other● Neutral
ASX notice that Tlou was admitted to the official list on 8 April 2013, with 57,046,540 ordinary shares quoted from 9 April. Administrative; repeats the circular.
Announcements, explained
Each one in plain English, with the numbers worked through for a shareholder.
8 Apr 2013half year report● Neutral
Reviewed half-year accounts to December 2012 show a $4.04 million loss, including a $1.9 million option expense. Management said more funds were needed; a $2.0 million rights issue followed in January 2013, ahead of the IPO.
8 Apr 2013other● Neutral
ASX confirmed Tlou's admission to the official list, with quotation starting 9 April 2013 under code TOU. The $10 million IPO issued 20 million shares at $0.50, leaving 57,046,540 quoted shares; 41.5 million shares are escrowed to April 2015.
8 Apr 2013other● Neutral
Voluntary escrow statement: 7,197,130 shares are voluntarily escrowed from first quotation until the earlier of the December 2013 half-year results or 28 February 2014. Administrative.
8 Apr 2013other● Neutral
Distribution schedule as at 5 April 2013: 432 holders, with 66 holders of over 100,000 shares owning 90.23% of the 103,003,758 shares. Administrative disclosure.
8 Apr 2013other● Neutral
ASX escrow statement: 41,473,904 shares escrowed 24 months from quotation, 4,483,314 shares for 12 months from 30 January 2013, and 15,170,055 options for 24 months. Administrative.
8 Apr 2013annual report● Neutral
2011 annual report, released as a pre-listing document. Tlou acquired Saber Energy's assets, giving 100% of Karoo Central and Karoo West and 85% of Masama; the year's loss was $8.5 million. A rights issue followed. Historical.
2 Apr 2013capital raising announcement▲ GoodMajor
Tlou Energy issued a replacement prospectus for its ASX listing, offering 20 million new shares at $0.50 to raise $10 million. This is the company's route onto the ASX.
What it means for a shareholder
20.0m new shares at A$0.500 to raise about A$10.0m. Shares on issue before the raise aren't in the record, so the dilution can't be worked out.
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