Share Purchase Plan Offer Opens
ASX Announcement
18 December 2023
Share Purchase Plan Offer Letter,
Booklet & Flyer
Flynn Gold Limited (“FG1” or “Flynn Gold”) (ASX: FG1) confirms that the
ASX: FG1
ABN 82 644 122 216
CAPITAL STRUCTURE
Flynn Gold Share Purchase Plan (SPP Offer) opens today.
Attached is copy of the SPP Offer Booklet, SPP letter (SPP Offer Letter) and
corporate flyer sent to each holder of fully paid ordinary shares who, as at the
record date of 7.00pm (AEDT) on Friday, 8 December 2023 had a registered
Share Price: A$0.05
Cash (30/09/23): A$2.5M
Debt: Nil
address in Australia or New Zealand (and who otherwise meet certain other
conditions as set out in the SPP Offer Booklet) (Eligible Shareholder).
Ordinary Shares: 145.7M
Market Cap: A$8.18M
A copy of the SPP Offer Booklet is available for download at
Options: 3.4M
www.computersharecas.com.au/fg1spp.
Performance Rights: 3.7M
BOARD OF DIRECTORS
Eligible Shareholders who have provided an email address will be sent an
Clive Duncan
email communication. Eligible Shareholders who have not provided an email
Non-Executive Chair
address will be sent an SPP Offer Letter via post.
Neil Marston
Managing Director / CEO
The SPP Offer is expected to close at 5.00 pm (AEDT) on Monday, 22 January
2024 (unless extended, withdrawn or closed early by the Company).
Sam Garrett
Technical Director
Approved by the Board of Flynn Gold Limited.
John Forwood
Non-Executive Director
For more information contact:
COMPANY SECRETARY
Mathew Watkins
CONTACT
Level 4, 96-100 Albert Road,
South Melbourne,
Victoria, 3205
+61 (0) 3 9692 7222
info@flynngold.com.au
www.flynngold.com.
Neil Marston
Ben Creagh
Managing Director & CEO
Media & Investor Relations
+61 3 9692 7222
+61 (0) 417 464 233
info@flynngold.com.au
benc@nwrcommunications.com.au
MR SAM SAMPLE
123 SAMPLE STREET
SAMPLETOWN VIC 3000
NOT FOR DISTRIBUTION OR RELEASE IN THE UNITED STATES
Dear Shareholder
18 December 2023
Flynn Gold Limited (ASX: FG1) Share Purchase Plan
On 11 December 2023 Flynn Gold Limited (Flynn Gold) announced that it would be conducting a Share
Purchase Plan (SPP).
The SPP will provide an opportunity for Eligible Shareholders (defined below) to subscribe for up to
$30,000 worth of new fully paid ordinary shares in Flynn Gold (New Shares) without incurring any
brokerage or other transaction costs.
The SPP is open to all shareholders recorded as holding shares on the Flynn Gold register as at 7.00pm
(AEDT) on Friday, 8 December 2023 and having a registered address in Australia or New Zealand (and
who otherwise meet certain other conditions as set out in the SPP Offer Booklet) (Eligible
Shareholders).
The Company is offering Eligible Shareholders the opportunity to acquire up to $30,000 worth of New
Shares in Flynn Gold at an issue price of $0.06 per New Share, representing a discount of 20.6% to the
volume weighted average price of Shares during the 5 trading days on which sales of Shares were
recorded up to and including the last trading day before this SPP was announced, and a discount of
22.4% to the volume weighted average price of Shares during the 15 trading days on which sales of
Shares were recorded up to and including the last trading day before this SPP was announced.
The SPP will be on the same terms as the Placement announced on 11 December 2023.
Eligible Shareholders may apply for a parcel of SPP Shares valued at A$1,000, A$2,500, A$5,000,
A$7,500, A$10,000, A$15,000, A$20,000, A$25,000 or $30,000. Depending on the level of demand,
Flynn Gold may, in its absolute discretion, decide to raise an amount higher or less than $600,000 or
decide to scale back Applications for SPP Shares if the aggregate amount applied for under the SPP
exceeds Flynn Gold’s requirements. This means you may be allocated fewer SPP Shares than the parcel
of SPP Shares for which you applied. If this happens, you will be refunded the difference in the
Application Amount as set out in the Terms and Conditions (without interest payable on funds prior
to your refund).
The SPP is subject to the terms and conditions set out in the SPP Offer booklet. A copy of the SPP
Offer booklet, along with instructions on how to apply for the SPP and submit payment is available
online at www.computersharecas.com.au/fg1spp.
Level 4, 100 Albert Road, South Melbourne VIC 3205
ACN: 644 122 216
If you have any questions in relation to how to participate in the SPP, please contact the Registry,
Computershare on 1300 850 505 (within Australia) or +61 3 9415 4000 (outside Australia) between
8.30am to 5.00pm (AEDT), Monday to Friday.
This letter is to notify you that the SPP in now open and to provide you with instructions as to how to
obtain a copy of the SPP Offer Booklet and how you can make your application.
The SPP is scheduled to close at 5.00 pm (AEDT) on 22 January 2024. Payment must be received before
this time.
You should read the SPP Offer Booklet carefully and in its entirety before deciding to participate in the
SPP.
SPP Timetable
Record Date for participation in the SPP
Announcement date
SPP Offer and Acceptance Form dispatched to eligible
shareholders
SPP Offer opens
SPP Offer closes
Announcement results of SPP and issue of SPP Shares
7:00 pm, Friday 8 December 2023
Monday, 11 December 2023
Monday, 18 December 2023
Monday, 18 December 2023
5:00 pm, Monday, 22 January 2024
Thursday, 25 January 2024
This timetable is indicative only and the dates are subject to change without notice. Flynn Gold Limited
may, at its discretion, vary any of the above dates by sending a revised timetable to the ASX. All times
are AEDT.
Action required by Eligible Shareholder
If you are an Eligible Shareholder and wish to participate in the SPP, you should submit a BPAY
Payment in accordance with the instructions outlined in the SPP Offer Booklet, your SPP Application
Form and shown on the website at www.computersharecas.com.au/fg1spp.
You must ensure that your payment for New Shares under the SPP is received in clear funds by no
later than 5.00 pm AEDT on 22 January 2024.
Sincerely
Flynn Gold Limited
Level 4, 100 Albert Road, South Melbourne VIC 3205
ACN: 644 122 216
FLYNN GOLD LIMITED
ACN 644 122 216
Share Purchase Plan
Eligible Shareholders may contribute up to $30,000 in applying for new Shares in Flynn Gold Limited
This is an important document that requires your attention.
NOT FOR RELEASE TO US WIRE SERVICES OR DISTRIBUTION IN THE UNITED STATES
Letter from the Chair
18 December 2023
Dear Fellow Shareholder,
It is my pleasure to invite you to participate in the Flynn Gold Share Purchase Plan (SPP). The funds raised
under the SPP will be used to further exploration activities at the Company’s WA Lithium Projects,
including on the two exploration licenses under option at Parker Dome, to further exploration activities
at FG1’s Tasmanian gold and critical minerals projects and for general working capital.
The Company announced on 11 December 2023 that it will raise up to $600,000 by SPP, which provides
the opportunity for existing Shareholders to participate in the raising on the same terms as the recently
completed Placement also announced on 11 December 2023.
Further details can be found on Flynn Gold’s ASX announcement dated 11 December 2023, available at
www.asx.com.au and www.flynngold.com.au
Structure of Capital Raising
On 11 December 2023, Flynn Gold announced that it has received firm commitments for a Placement of
shares to sophisticated and professional investors raising $1.8 million at an issue price of $0.06 (6 cents)
per share. The shares to be issued under the Placement will be issued utilising the Company’s placement
capacity pursuant to ASX Listing Rule 7.1. The directors would like to extend the same offer to its existing
shareholders and announced on 11 December 2023, that it would be undertaking an SPP offered to
eligible Flynn Gold Shareholders at $0.06 (6 cents) per Share, to raise up to $600,000.
On behalf of the Board of Directors of Flynn Gold, I am pleased to offer you the opportunity to increase
your investment in Flynn Gold through the SPP. The SPP allows each Eligible Shareholder to subscribe for
up to $30,000 of new Shares in Flynn Gold (SPP Shares) without incurring brokerage or other transaction
costs.
Flynn Gold aims to raise up to $600k through the issue of Shares under the SPP which is not underwritten.
The Issue Price of SPP Shares will be $0.06 (6 cents) per Share on the same terms as the Placement
announced on 11 December 2023. Flynn Gold may elect to accept oversubscriptions or alternatively close
the SPP offer early and/or scale back applications at its absolute discretion.
Full details of the SPP are set out in the Terms and Conditions contained in this Booklet, which I encourage
you to read in full. Capitalised terms are defined in the Definitions section at the end of this Booklet.
How to accept the SPP offer
Please carefully read and follow the instructions set out in this Booklet when applying to participate in the
SPP.
To apply for SPP Shares, you will need to, by 5pm (AEDT) on 22 January 2024 make a payment directly
via BPAY® using the details set out on your personalised application form.
The SPP offer will open at 9am (AEDT) on 18 December 2023 and will close at 5pm (AEDT) on 22 January
2024. Applications cannot be processed before 18 December 2023. Accordingly, you will not be able to
make a payment by BPAY until the SPP opens at 9am (AEDT) on 18 December 2023.
Further information
This Booklet contains important information about the SPP to assist you in deciding whether to participate
in the SPP. You should read this Booklet carefully and in its entirety. For further information, you can
2
contact the Registry, by telephone on 1300 850 505 (for callers within Australia), or +61 3 9415 4000 (for
callers outside Australia) at any time between 8:30am and 5:00pm (AEDT) on Monday to Friday.
The SPP offer does not take into account your individual investment objectives, financial situation or
particular needs. If you have any questions in relation to the SPP offer, you should seek professional advice
from your stockbroker, solicitor, accountant or other independent and qualified professional adviser.
On behalf of the Board of Directors of Flynn Gold Limited I invite you to participate in the SPP.
Yours sincerely
Clive Duncan
Non-Executive Chair
Flynn Gold Limited
® Registered to BPAY Pty Limited ACN 079 137 518
Future performance and forward-looking statements
This Booklet contains certain “forward-looking statements”. The words “expect”, “anticipate”, “estimate”, “intend”, “believe”,
“guidance”, “should”, “could”, “may”, “will”, “predict”, “plan” and other similar expressions are intended to identify forwardlooking statements. Indications of, and guidance on, future earnings and financial position and performance are also forwardlooking statements. Forward-looking statements, opinions and estimates provided in this Booklet are based on assumptions and
contingencies that are subject to change without notice and involve known and unknown risks and uncertainties and other factors
that are beyond the control of Flynn Gold, its directors and management. This includes statements about market and industry
trends, which are based on interpretations of current market conditions.
Investors are strongly cautioned not to place undue reliance on forward-looking statements, particularly in light of the current
economic climate and the significant volatility, uncertainty and disruption caused by the COVID-19 pandemic. Forward-looking
statements are provided as a general guide only and should not be relied upon as an indication or guarantee of future
performance. Actual results, performance or achievements may differ materially from those expressed or implied in such
statements and any projections and assumptions on which these statements are based. These statements may assume the
success of Flynn Gold’s business strategies, the success of which may not be realised within the period for which the forwardlooking statement may have been prepared, or at all. No representation or warranty, express or implied, is made as to the
accuracy, likelihood of achievement or reasonableness of any forecasts, prospects, returns or statements in relation to future
matters contained in this Booklet. The forward-looking statements are based on information available to Flynn Gold as at the
date of this Booklet. Except as required by law or regulation (including the ASX Listing Rules), none of Flynn Gold, its
representatives or advisers undertakes any obligation to provide any additional or updated information whether as a result of a
change in expectations or assumptions, new information, future events or results or otherwise. Indications of, and guidance or
outlook on, future earnings or financial position or performance are also forward-looking statements.
3
Key Dates
Event
Details
Date
(and time if relevant)
SPP Record Date
The date and time that eligibility to participate in the SPP
was determined
7:00pm (AEDT)
Friday, 8 December 2023
Announcement - SPP
The announcement of Placement and SPP and lodgment
of Appendix 3B with ASX
Monday, 11 December 2023
SPP Offer Booklet
Lodgment of Offer Booklet with ASX and dispatch to
shareholders
Monday, 18 December 2023
SPP Opening Date
SPP Offer Opening Date. Applications can be submitted
and BPAY payments can be made on and from this date
Monday, 18 December 2023
Closing Date
SPP closes. Applications must be received by 5:00pm
(AEDT)
Monday, 22 January 2024
SPP Results
announcement and
Issue Date of SPP
Shares
Issue date of SPP Shares and lodgment of Appendix 2A
with ASX applying for quotation of the SPP Shares.
Before 12:00pm (AEDT) Thursday,
Commencement of
trading SPP Shares
SPP Shares commence trading on the ASX (subject to ASX
Listing Rules).
Monday, 29 January 2024
25 January 2024
This timetable is indicative only and is subject to change. Flynn Gold may alter the dates above, withdraw or vary the
SPP, or accept Applications received after the Closing Date, in each case in Flynn Gold’s absolute discretion, subject
to the ASX Listing Rules and the Corporations Act.
4
Important Notices
IMPORTANT NOTICE: This Booklet does not provide financial advice and has been prepared without
taking account of any person’s investment objectives, financial situation or particular needs. You should
consider the appropriateness of participating in the SPP having regard to your investment objectives,
financial situation or particular needs.
You should seek professional advice from your stockbroker, solicitor, accountant or other independent
and qualified professional adviser before making any investment decision in relation to these matters.
The offer of SPP Shares under the SPP offer is made in accordance with the Corporations Act and ASIC
Corporations (Share and Interest Purchase Plans) Instrument 2019/547, which grants relief from the
requirement for Flynn Gold to provide prospectus disclosure in relation to the SPP. This Booklet does not
constitute a prospectus or product disclosure statement, and it has not been lodged with ASIC. You must
rely on your own knowledge of Flynn Gold and previous disclosure made by Flynn Gold to the ASX. You
should seek professional advice from your stockbroker, solicitor, accountant or other independent and
qualified professional adviser when deciding whether or not to participate in the SPP offer.
Your Application will be irrevocable and cannot be withdrawn or cancelled even if the market price of SPP
Shares changes after you lodge your Application.
If you participate in the SPP by submitting an application, you are accepting the risk that the market price
of Shares may change between the date on which you apply for the SPP Shares and the Issue Date. This
means it is possible that, between the time you make your Application and up to or after the Issue Date,
you may be able to buy Shares on market at a lower price than the Issue Price.
Flynn Gold will not issue Shares under the SPP to an applicant if those Shares, either alone or in
conjunction with the issue of Shares under other Applications received by Flynn Gold, would contravene
any law or the ASX Listing Rules.
Eligible Shareholders should be aware that an investment in Flynn Gold involves risks.
Defined words and expressions used in this Booklet are capitalised. See the Definitions section at the end
of this Booklet for their definition.
All references in this Booklet to time are to Australian Eastern Daylight Time and to amounts are to
Australian dollars.
This Booklet does not constitute an offer of securities in any place outside Australia or New Zealand. In
particular, this Booklet does not constitute an offer to sell, or a solicitation of an offer to buy, any Shares
in the United States or in any other jurisdiction in which such an offer would be unlawful. The Shares to
be offered and sold under the SPP have not been, and will not be, registered under the U.S. Securities Act
of 1933, as amended (the U.S. Securities Act), or the securities laws of any state or other jurisdiction of
the United States, and may not be offered or sold in the United States except in transactions exempt from,
or not subject to, the registration requirements of the U.S. Securities Act and applicable U.S. state
securities laws. The Shares to be offered and sold under the SPP may only be offered and sold to Eligible
Shareholders outside the United States in “offshore transactions” (as defined in Rule 902(h) under the
U.S. Securities Act), in reliance on Regulation S under the U.S. Securities Act.
The shares offered under the Booklet are not being offered or sold to the public within New Zealand other
than to existing shareholders of Flynn Gold with registered addresses in New Zealand and to whom the
offer is being made in reliance on the Financial Markets Conduct (Incidental Offers) Exemption Notice 2021
(as amended) (New Zealand).
5
This document has not been registered, filed with or approved by any New Zealand regulatory authority
under the Financial Markets Conduct Act 2013 (New Zealand). This document is not an investment
statement or prospectus under New Zealand law and is not required to, and may not, contain all the
information that an investment statement or prospectus under New Zealand law is required to contain.
6
Details of the SPP offer
The SPP is offered exclusively to holders of fully paid ordinary shares in Flynn Gold as at 7:00pm (Australian
Eastern Daylight Time (AEDT)) on 8 December 2023 who have a registered address in Australia or New
Zealand and who are not excluded from participation (Eligible Shareholders).1 Certain Eligible
Shareholders who are Custodians and hold Shares on behalf of certain beneficiaries are also offered the
opportunity to participate in the SPP on behalf of those beneficiaries in accordance with the Terms and
Conditions. The offer is non-renounceable, which means that the rights of Eligible Shareholders to
participate in the SPP are not transferable.
Shareholders in the United States are not eligible to participate in the SPP. Similarly, Shareholders
(including trustees, nominees and custodians) who hold Shares on behalf of persons in the United States,
or who are acting for the account or benefit of persons in the United States, are not eligible to participate
in the SPP on behalf of those persons.
The SPP provides Eligible Shareholders, irrespective of the size of their shareholding, with an opportunity
to contribute up to $30,000 (in set amounts of $1,000; $2,500; $5,000; $7,500; $10,000; $15,000; $20,000;
$25,000 or $30,000) in applying for SPP Shares.
Depending on the level of demand, Flynn Gold may, in its absolute discretion, decide to raise an amount
higher or less than $600,000 or decide to scale back Applications for SPP Shares if the aggregate amount
applied for under the SPP exceeds Flynn Gold’s requirements. This means you may be allocated fewer SPP
Shares than the parcel of SPP Shares for which you applied. If this happens, you will be refunded the
difference in the Application Amount as set out in the Terms and Conditions (without interest payable on
funds prior to your refund).
If Flynn Gold decides to conduct any scale back, it intends to apply the scale back on a pro rata basis to
existing shareholdings of Eligible Shareholders.
All Shares issued under the SPP will rank equally with existing fully paid FG1 shares and will carry the same
voting rights and entitlements to receive dividends from the date of issue.
How to accept this offer
Eligible Shareholders may participate in the SPP by applying online on the Offer website:
http://www.computersharecas.com.au/fg1spp and by submitting payment via BPAY®. This is the fastest
and easiest way to apply.
Please carefully read and follow the instructions set out in this Booklet and the personalised Application
Form when applying to participate in the SPP.
To apply for SPP Shares, you must, by 5:00pm (AEST) on 22 January 2024 make a payment directly via
BPAY® by using the BPAY biller code and personalised reference number shown on your Application Form,
which is required to identify your holding. If you are unable to pay via BPAY® or access the website to
complete the online application, please contact the Registry, Computershare by telephone on 1300 850
505 (within Australia) or +61 3 9415 4000 (outside Australia) between 8.30am to 5.00pm (AEDT), Monday
to Friday, to obtain alternative instructions. By making a payment directly via BPAY® you do not need to
return an Application Form.
The SPP offer will open at 9:00am (AEDT) on 18 December 2023 and will close at 5:00pm (AEDT) on 22
January 2024.
1 Excluded Holders (as defined in the Definitions section) will not be invited to participate in the SPP.
7
Questions and Answers
Defined words and expressions used in this Booklet and the letter from the Chair are capitalised. See the
Definitions section at the end of this Booklet for their definition. You should read this section in
conjunction with the Terms and Conditions set out in this Booklet from page 14.
1
What is the Share Purchase Plan?
The SPP is an opportunity for Eligible Shareholders to purchase up to $30,000 of additional Shares (SPP
Shares) without brokerage, commissions or other transaction costs.
All SPP Shares issued to you under the SPP will rank equally with your existing Shares and will carry the
same voting rights and other entitlements, including entitlements to receive dividends.
2
Why is Flynn Gold conducting the SPP?
Flynn Gold announced the SPP offer as part of the Capital Raising on 11 December 2023. Further details
in relation to the Capital Raising may be found in the ASX announcement dated 11 December 2023,
available at www.asx.com.au and www.flynngold.com.au.
Flynn Gold intends to use the proceeds of the Capital Raising for the following purposes:
•
the proceeds of the SPP and Placement funds will be applied to further exploration activities at
the Company’s WA Lithium Projects, including on the two exploration licenses under option at
Parker Dome, further exploration activities at the Tasmanian Projects gold and critical minerals
and for general working capital. Eligible Shareholders are encouraged to read the information in
this Booklet.
3
Is the SPP conditional?
No, the SPP is not conditional.
4
How long is the SPP open for?
The SPP offer opens at 9:00am (AEDT) on 18 December 2023 and is scheduled to close at 5:00pm (AEDT)
on 22 January 2024 (see the Key Dates section of this Booklet).
If you want to participate, you should ensure that the Registry receives your Application (including
payment) by no later than 5:00pm (AEDT) on 22 January 2024.
5
Who may participate in the SPP?
You may participate in the SPP if you are an Eligible Shareholder. You are an Eligible Shareholder if you
were a registered holder of Shares at 7:00pm (AEDT) on 8 December 2023 with a registered address in
Australia or New Zealand, unless you are an Excluded Holder.
An Excluded Holder is any Shareholder (including a Custodian) to the extent that they:
•
hold Shares on their own account and reside outside Australia or New Zealand;
•
hold Shares on behalf of another person who resides outside Australia or New Zealand; or
•
are in the United States, or they hold Shares on behalf of persons in the United States or are
acting for the account or benefit of persons in the United States (to the extent they are
participating in the SPP on behalf of those persons).
8
Certain Eligible Shareholders who are Custodians holding Shares on behalf of Eligible Beneficiaries are also
able to participate in the SPP in accordance with the Terms and Conditions. See also Question 20.
6
Do I have to participate in the SPP?
No. Participation in the SPP is entirely voluntary.
If you do not wish to participate in the SPP, no action is required on your part.
Before you apply for SPP Shares, Flynn Gold recommends that you seek independent financial advice from
your stockbroker, solicitor, accountant or other independent and qualified professional adviser, and you
monitor the market price of the Shares.
This Booklet does not purport to contain all of the information that you need to make an investment
decision. Further details about Flynn Gold, the Placement and the SPP are included in Flynn Gold’s ASX
announcements released on www.asx.com.au and www.flynngold.com.au, which you are encouraged to
read.
7
Can my offer under the SPP be transferred to a third party?
No. Your rights under this SPP offer are personal to you and non-renounceable, so you may not transfer
them.
8
What is the Issue Price of the SPP Shares under the SPP?
The Issue Price of SPP Shares is $0.06 (6 cents) per share, which represents a discount of 20.6% to the
volume weighted average price of Shares during the 5 trading days on which sales of Shares were recorded
up to and including the last trading day before this SPP was announced, and a discount of 22.4% to the
volume weighted average price of Shares during the 15 trading days on which sales of Shares were
recorded up to and including the last trading day before this SPP was announced.
The SPP will be on the same terms as the Placement announced on 11 December 2023.
The Issue Price may differ from the market price of Shares on the day SPP Shares are issued or allotted to
you.
The market price or value of Shares is subject to market volatility. This means that there is a risk that the
price or value of Shares may be higher or lower, at any time, than the Issue Price of the SPP Shares you
receive. The market price may change between the date of this Booklet and the date when SPP Shares
are issued or allotted to you under the SPP. You agree to pay the Issue Price per SPP Share for the number
of SPP Shares that are allocated to you under the SPP in accordance with the Terms and Conditions.
9
What is the maximum number of SPP Shares that I can apply for?
You cannot apply for more than $30,000 of SPP Shares, on the following basis:
•
If you have multiple registered holdings, or if a Custodian holds Shares on your behalf, the
maximum amount you may apply to invest (or instruct a Custodian to apply for) under the SPP in
all capacities in aggregate is $30,000.
•
This limit applies regardless of the number of Shares you currently hold and regardless of whether
you participated in the Placement announced on 11 December 2023.
By applying to purchase SPP Shares, you represent and certify to Flynn Gold that you have not exceeded
this $30,000 limit. Further detail is set out in the Terms and Conditions at terms 3.6 and 3.16. You give
those representations and certifications to Flynn Gold irrespective of how you apply.
9
Custodians may only apply for a maximum of $30,000 of SPP Shares in respect of each Eligible Beneficiary
and will be required to certify this to Flynn Gold in the Custodian Certificate and as set out in term 3.16(e).
These amounts may be subject to scale back – see Question 14.
10
How many SPP Shares can I apply for under the SPP?
If you are an Eligible Shareholder and wish to participate in the SPP offer, you will apply for a certain value,
rather than a certain number, of SPP Shares. You are entitled to contribute a set amount of $1,000;
$2,500; $5,000; $7,500; $10,000; $15,000; $20,000; $25,000 or $30,000 (Application Amounts) in
applying for SPP Shares, regardless of the number of Shares you currently hold. These amounts may be
subject to scale back – see Question 14.
If you make a payment for any amount other than one of the prescribed Application Amounts, Flynn Gold
may round down to the next available Application Amount and return the balance of your Application
monies to you. Alternatively, Flynn Gold may reject your Application in full.
Flynn Gold will then determine how many SPP Shares you have applied for by dividing your Application
Amount by the Issue Price (described above) in accordance with the Terms and Conditions.
If your nominated Application Amount cannot be divided by the Issue Price to give a whole number of
Shares, the number of SPP Shares that you apply for will be rounded down and any remaining balance of
your payment will form part of the assets of Flynn Gold. You will not receive a refund for this amount,
which will always be less than the price of 1 Share.
11
How do I apply for SPP Shares under the SPP?
If you wish to participate in the SPP, you can apply for SPP Shares via BPAY®. To do so, you must make a
payment for your nominated Application Amount using the BPAY® facility provided by your bank.
Instructions about how to make that BPAY® payment (including your unique BPAY® reference number) can
be obtained as follows:
If you received a printed letter, you can download the booklet and apply online on the Offer
website: http://www.computersharecas.com.au/fg1spp and instructions about how to make that
BPAY® payment (including your unique BPAY refe
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