Key Developments: Lynas Corp Ltd (LYC.AX)

LYC.AX on Australia Stock Exchange

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21 Nov 2014
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Latest Key Developments (Source: Significant Developments)

Bank of America Corporation and related bodies corporate ceases to be substantial holder of Lynas Corporation Limited
Wednesday, 29 Oct 2014 05:18am EDT 

Lynas Corporation Limited:Says Bank of America Corporation and related bodies corporate ceases to be substantial holder of the company effective Oct. 27.  Full Article

Bank of America Corporation and related bodies corporate becomes initial substantial shareholder of Lynas Corporation Limited
Sunday, 26 Oct 2014 11:06pm EDT 

Lynas Corporation Limited:Says Bank of America Corporation and related bodies corporate becomes initial substantial shareholder of the company effective Oct. 22 with 133,025,572 ordinary shares and 5.36 pct voting power.  Full Article

Lynas Corp Ltd raises A$71 million from entitlement offer
Sunday, 26 Oct 2014 06:21pm EDT 

Lynas Corp Ltd:Says completion of its pro-rata renounceable entitlement offer (entitlement offer).Under entitlement offer, eligible Lynas shareholders were entitled to subscribe for five new ordinary fully paid shares in Lynas for every 14 existing shares held on Oct. 3, and one option for every two new shares subscribed for.Under entitlement offer, Lynas will issue 887,071,988 new shares (at price of A$0.08 per new share).In addition, Lynas will issue entitlement options and placement options, as described in prospectus dated Sept. 29.Entitlement offer raised about A$71.0 million (before costs) and was fully underwritten by Patersons Securities Limited (underwriter).  Full Article

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 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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