Key Developments: Lynas Corp Ltd (LYC.AX)

LYC.AX on Australia Stock Exchange

0.18AUD
25 Jul 2014
Price Change (% chg)

$-0.00 (-1.35%)
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Latest Key Developments (Source: Significant Developments)

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 Corp Ltd Not To Pay H1 2013 Dividend
Friday, 22 Feb 2013 12:30am EST 

Lynas Corp Ltd announced that there were no dividends declared or paid during the first half of fiscal 2013 (H1 2012: nil).  Full Article

Lynas Corp Ltd Issues New Ordinary Shares
Tuesday, 18 Dec 2012 05:17pm EST 

Lynas Corp Ltd announced that it has issued 44,641,949 fully paid ordinary shares at an issue price of AUD 0.56 per share pursuant to the share purchase plan. The funds raised will be used for working capital and general corporate purposes during commissioning and ramp-up at the Lynas Advanced Materials Plant.  Full Article

Lynas Corp Ltd Announces Share Purchase Plan
Monday, 17 Dec 2012 08:25pm EST 

Lynas Corp Ltd announced that the issue price for its AUD25 million share purchase plan (SPP). The issue price has been calculated to AUD0.56 per New Share. A discount of 2.5% to the volume weighted average price of Lynas Shares traded in the ordinary course on the Australian Securities Exchange during the 5 trading days being 10, 12, 13, 14 and 17 December 2012, rounded down to the nearest cent. as determined at the close of trading on December 17, 2012. Funds raised under the SPP will be used for working capital and general corporate purposes during commissioning and ramp-up at the Lynas Advanced Materials Plant in Malaysia (LAMP).  Full Article

Lynas Corp Ltd Completes Share Purchase Plan
Sunday, 9 Dec 2012 05:41pm EST 

Lynas Corp Ltd announced that it has completed the share purchase plan (SPP) that was announced on November 9, 2012. Under the SPP, Lynas offered eligible shareholders with registered addresses in Australia and New Zealand the opportunity to apply for up to AUD 15,000 worth of Lynas’ ordinary shares (subject to any scale-back), without incurring brokerage or other transaction costs. The full terms of the SPP were announced by Lynas on November 20, 2012, and the SPP offer period closed on December 4, 2012.  Full Article

CORRECTED-UPDATE 1-Rare earths industry teeters as Australia's Lynas heads to full ramp-up

(Corrects combined capacity of Lynas and Molycorp to 60,000 tonnes in paragraph 20)

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