Key Developments: Lynas Corp Ltd (LYC.AX)

LYC.AX on Australia Stock Exchange

24 Oct 2014
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Latest Key Developments (Source: Significant Developments)

Lynas Corp Ltd announces completion of institutional placement
Wednesday, 1 Oct 2014 07:04pm EDT 

Lynas Corp Ltd:Announces completion of institutional placement in amount of A$12 million (before costs) referred to in the prospectus lodged with ASX on Sept. 29.Issued 150,000,00 fully paid ordinary shares at A$0.08 per new share, to institutional investors under placement.  Full Article

Lynas Corp Ltd announces equity offering as part of integrated financing package
Sunday, 28 Sep 2014 07:39pm EDT 

Lynas Corp Ltd:Says equity raising comprising institutional placement and fully underwritten 5-for-14 renounceable entitlement issue that will raise total of about A$83 mln.Fully underwritten 5-for-14 renounceable entitlement offer to raise about A$71 mln.Institutional placement to introduce new institutional investors and raise A$12 mln (before costs.Issue price for new shares in both placement and entitlement issue is A$0.08 per share.Entitlement issue is fully underwritten by Patersons Securities Limited.Proposing to place 150 mln new shares with institutional investors, at an issue price of A$0.08 per share.Placement will raise A$12 mln and the funds will primarily be used to meet the Sept. 2014 senior debt repayment of $10 mln.Renounceable entitlement issue will provide existing eligible Lynas shareholders with opportunity to apply for five new ordinary shares in Lynas for every 14 shares registered in their name on Oct. 3.Participating shareholders will also receive one option for every two entitlement shares.Entitlement issue will result in the issue of 887.1 mln entitlement shares and 443.5 mln entitlement options.Options will have an exercise price of A$0.09 and may be exercised on or before 5.00pm on Sept. 15.  Full Article

Lynas Corp Ltd does not recommend final dividend
Sunday, 28 Sep 2014 07:20pm EDT 

Lynas Corp Ltd:Says that no dividend has been recommended since end of financial year.  Full Article

Lynas Corporation Limited to cease negotiations with Nomura regarding existing senior debt facility
Sunday, 14 Sep 2014 09:00pm EDT 

Lynas Corporation Limited:Says that it has decided to cease negotiations with Nomura regarding a novation and amendment of Lynas’ existing senior debt facility.  Full Article

Lynas Corp Ltd announces CEO transition
Wednesday, 4 Jun 2014 07:04pm EDT 

Lynas Corp Ltd:Says that effective June 5, Amanda Lacaze has been appointed executive director and chief executive officer of the company following resignation of Eric Noyrez.Lacaze has been non-executive director of Lynas since Jan. 1.  Full Article

Lynas Corp Ltd announces share purchase plan and placement
Thursday, 29 May 2014 07:17pm EDT 

Lynas Corp Ltd:Confirms that both its share purchase plan and top up placement have closed fully subscribed, adding A$39.97 mln (net of costs) to the company’s working capital reserves as it ramps up production at the Lynas Advanced Materials Plant (LAMP) in Malaysia.Participation from existing Lynas shareholders in the recent share purchase plan (SPP) raised A$30.08 mln, and has resulted in the issue of 266.18 mln new Lynas shares.Says it has successfully completed the top up placement.An additional A$12 mln was raised through the placement of 106.19 mln ordinary Lynas shares to institutional and sophisticated investors at a price of A$0.113 per new share, the same price per share as for the SPP.Allotment and trading of the new shares issued under the SPP will take place on May 30.Allotment and trading of the new shares issued under the placement will take place on June 02.  Full Article

Lynas Corp Ltd updates on share purchase plan
Tuesday, 27 May 2014 07:01pm EDT 

Lynas Corp Ltd:Confirm that the shareholder support for its recent share purchase plan (SPP) was slightly over the underwritten amount of A$30 mln.Board had decided to accept all SPP applications in full, and there will be no scale back.Issue price for shares to be issued under the SPP is A$0.113 per new share.Funds raised under the SPP will be used to augment working capital during the ramp-up at the Lynas Advanced Materials Plant in Malaysia.  Full Article

Lynas Corp Ltd does not declare interim dividend
Monday, 10 Mar 2014 06:18pm EDT 

Lynas Corp Ltd:Says there were no dividends declared or paid during half year period ended Dec. 31, 2013 (half year period ended Dec. 31, 2012: nil).  Full Article

Lynas Corp Ltd Drops Case Against Malaysia Greens-AAP
Tuesday, 18 Jun 2013 12:11am EDT 

Australian Associated Press reported that Lynas Corp Ltd has dropped defamation action against a Malaysian green group.In April last year, Lynas initiated legal proceedings against Save Malaysia Stop Lynas. Two months later, independent media website Free Malaysia on June 18, 2013 apologised for running stories sympathetic to the activists, who opposed plans for a processing plant. Lynas Corporation chief executive Eric Noyrez on said solicitors had been instructed to discontinue legal action against the activist group.  Full Article

Lynas Corp Ltd Appoints Chief Executive Officer
Sunday, 3 Mar 2013 05:01pm EST 

Lynas Corp Ltd announced that effective March 31, 2013, Eric Noyrez will be appointed to the board of the Company as an executive director and become the Company's Chief Executive Officer.  Full Article

Lynas rare earths revenue jumps as output grows

MELBOURNE, Oct 15 - Lynas Corp, one of two rare earths producers outside China, reported a 24 percent rise in revenue in the September quarter from the previous quarter as the first stage of its Malaysian plant finally moves toward full capacity.

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