11 April 2012
Company Announcements
ASX Limited
Level 8, Exchange Plaza
2 The Esplanade
Perth WA 6000
Dear Sirs,
ANNOUNCEMENT: Proposed issue of shares - Scholz debt for equity swapWe attach an announcement for immediate release to the market. Yours faithfully,
Trevor Schmitt Company Secretary CMA Corporation Ltd
Enc
CMV20120411-332
11 April 2012
Company Announcements
ASX Limited
Level 8, Exchange Plaza
2 The Esplanade
Perth WA 6000
Dear Sirs,
CMA Corporation Limited (ASX: CMV) (CMA) announces a proposed
issue of 25,000,000 fully-paid CMA ordinary shares to Scholz
Invest GmbH or its nominee, subject to the approval of CMA
shareholders at a general meeting to be held on 11 May
2012.
In accordance with Listing Rule 3.10.3, CMA provides the
following information about the proposed issue of shares:
Class of securities to be issued | Ordinary shares |
Number of securities to be issued | 25,000,000 |
Principal terms of securities to be issued | Fully-paid, ranking equally with existing ordinary shares from the date of allotment |
Issue price of consideration | 40 cents per share |
Purpose of the issue | To discharge and satisfy over $9 million in debts owed by CMA, with a balancing amount to be paid to CMA in cash, making a total consideration of $10 million or 40 cents per share. |
Whether the entity will seek security holder approval in relation to the proposed issue of securities | Yes - at a general meeting to be held on 11 May 2012 |
Whether the issue will be to a class of security holders | No |
Yours faithfully,
Trevor Schmitt Company Secretary CMA Corporation Ltd
CMV20120411-332
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