Adelong - Zusammenstellung der Info`s zur KE - 500 Beiträge pro Seite

[Big-Apple]

ADELONG CAPITAL LIMITED

Prospectus
Announced on 2000/07/06

Prospectus for a non-renounceable pro-rata entitlement issue to raise a minimum of $3,861,924 structured as follows;

(a) A non-renounceable pro-rata entitlement offer of up to 23,085,147 Shares at an issue price of $0.20 each on the basis of one Share for every six Shares held by Adelong Shareholders at the Entitlement Date together with up to 23,085,147 free attaching Options exercisable at $0.20 on or before 30 January 2003, on the basis of one Option for
every new Share subscribed for;

(b) An offer of Shares to Eligible Adelong Shareholders, to enable them to round-up to holdings of 10,000 Shares at an issue price of $0.20 each, payable in full on application together with a free attaching Option for every Share subscribed for; and

(c) An offer to the public of the Shortfall Shares, at the discretion of the Directors, at an issue price of $0.20 each, payable in full on application together with a free attaching Option for every Share subscribed for.

The Entitlement Offer of Shares and Options and the Round-Up Offer, under this Prospectus will close at 5.00pm WST on 9 August 2000. The Shortfall Public Offer and the Offer of CIBC Options will close on 16 August 2000. Completed Application Forms must be received before these times.

SUMMARY OF IMPORTANT DATESACTION

01 June 2000: Announcement of Offer
05 July 2000: Lodgement of Prospectus with ASIC and ASX
14 July 2000: Entitlement Date to determine Entitlement to Shares and Options
19 July 2000: Despatch of Prospectus and Application Forms
09 Aug. 2000: First Closing Date - for acceptance and payment for the Entitlement Offer and Round-Up Offer
16 Aug. 2000: Second Closing Date - for acceptance and payment for the Shortfall Public Offer
30 Aug. 2000: Last date for despatch of holding statements for Shares and Options

These dates are indicative only and may vary. The Company reserves the right to vary the opening and closing dates of the offers under this Prospectus without prior notice. This may impact upon subsequent dates. The Company also reserves the right not to continue with offers under this Prospectus at any time before the allotment of Shares and Options to successful Applicants. CHAIRMAN`S LETTER At the Annual General Meeting of Adelong held on 19 November 1999 shareholders agreed to the Company changing its activities from mining/exploration to focus on strategic investments in technology based businesses.

On 2 February 2000, Adelong was advised by ASX that, as a result of the change of direction of the Company, trading in its Shares and Options would be suspended until it had complied with Listing Rule 11.1 which includes compliance with Chapters 1 and 2 of the Listing Rules. This Prospectus is issued as part of that compliancerequirement. The Board has resolved to raise additional funds by way of a non-renounceable one for six pro-rata offer of Shares and Options to all Adelong Shareholders in order that the Company can comply with the ASX`s requirements for investment companies. The offer is also designed to enable Adelong to meet the shareholder spread requirements of ASX. The issue of 19,309,620 of the maximum 23,085,147 Shares and Options pursuant to the Entitlement Offer, the Round-Up Offer and the Shortfall Public Offer has been underwritten
by CIBC. As part of the fee for underwriting the issue of Shares and Options pursuant to these offers, CIBC will be offered 1,250,000 Options in Adelong.Adelong has now undertaken its metamorphosis to an investment company, particularly in the information technology, telecommunications and electronic media sectors.

The mining assets at Adelong and in the Northern Territory have been sold although settlement of the sale of the Adelong mining assets is yet to occur. Investments previously announced have been made in technology based companies. These are fully described in theProspectus. After completion of the issue of Shares and Options referred to in this Prospectus, Adelong proposes to retain cash of approximately $14 million (depending upon the final number of Shares and Options issued by the Company) allowing it to undertake further investments in the information technology, telecommunications and media area, not only in Australia but also internationally as opportunities arise. As a result of the recent pull back in the technology sector of the market, Adelong is now well placed to invest in quality ventures.

Adelong now has in place the management structure, investment guidelines and procedures appropriate to its new undertaking as an investment company and proposes to strengthen those areas and look at appropriate Board restructuring as the Company develops in its newrole. Adelong, with its cash resources, is well placed to pursue its objectives and grow its business. Accordingly, I urge your continued support of Adelong on its re-listing, which is expected to be at the close of this Issue.

THE OFFERS

By this Prospectus, the Company will be issuing a total of up to 23,085,147 Shares at an issue price of $0.20 each and up to 23,085,147 free attaching Options exercisable at $0.20 each during the Option Period. The Offer is structured as follows:

* Entitlement Offer of up to 23,085,147 Shares together with up to 23,085,147 free attaching Options to Adelong Shareholders.

* Round-Up Offer of Shares and free attaching Options to Eligible Adelong Shareholders; and

* Public Offer of Shortfall Shares and free attaching Options.

(a) THE ENTITLEMENT OFFER

The Entitlement Offer of Shares and Options involves an offer of:

(i) up to 23,085,147 Shares at an issue price of $0.20 each, payable in full on application,; and

(ii) up to 23,085,147 Options exercisable at $0.20 each, during the Option Period, for no additional consideration on the basis of one Option for every Share subscribed for in (i) above.

The Entitlement Offer of Shares and Options is being made as a pro-rata non-renounceable entitlement offer to Adelong Shareholders on the basis of one new Share and one attaching Option for every six Shares held by Adelong Shareholders as at the Entitlement Date. Fractions of Shares will be disregarded in the calculation of each Adelong Shareholder`s entitlement. The Options cannot be applied for separately to the Shares.

Based on the number of Shares on issue as at the date of this Prospectus and assuming that no existing options are exercised prior to the Entitlement Date, only 19,309,620 Shares and 19,309,620 Options will be offered under the Entitlement Offer raising approximately $3,861,924 before the costs of the raising. Should any existing options be exercised prior to the Entitlement Date then the number of Shares and Options and the funds raised, will increase according to up to a maximum of 23,085,147 Shares and 23,085,147 free attaching Options.

(b) ROUND-UP OFFER

Subject to there being a shortfall from the Entitlement Offer, the Round-Up Offer involves the offer to Eligible Adelong Shareholders to subscribe for additional Shares at an issue price of $0.20 each payable in full on application, to enable them to round up their holdings to parcels of 10,000 Shares. Each Share subscribed for pursuant to the Round-Up Offer entitles the Applicant to one Option for every new Share issued as a result of the Round-Up Offer.

(c) SHORTFALL PUBLIC OFFER

The Shortfall Public Offer comprises the offer for subscription of, or invitation to subscribe for the Shortfall Shares at an issue priceof $0.20 each, payable in full on application. Each Share subscribed for pursuant to the Shortfall Public Offer entitles the Applicant to one Option for every new Share issued as a result of the ShortfallPublic Offer.

The making of the Shortfall Public Offer is to assist the Company to obtain the necessary spread of shareholders with at least the minimum parcel of Shares on the Company`s register as required by the Listing Rules.

PURPOSE OF THE ISSUE

The net proceeds from the Issue will be used to supplement Adelong`s funds available for investment in accordance with the Company`s investment guidelines, and to ensure that Adelong meets the tangible asset test prescribed by Listing Rule 1.3.1A (a) which requires an investment company to have on admission at least $15,000,000 intangible assets.

A full copy of the Prospectus is available for purchase from ASX Customer Service on 1 300 300 279. Charges apply.
NOTE: An official Prospectus from the issuer or its advisers is required to formally apply for shares.

Letter to Optionholders
Announced on 2000/07/06

As you may be aware, Adelong Capital Ltd is currently finalising the legal and regulatory process to achieve re-listing of its securitieson ASX.

As part of this process, the Company has today issued a Prospectus in respect of a 1:6 entitlement issue of shares together with the free attaching option, (excisable at 20 cents on or before 30 January 2003), at an issue price of 20 cents per share. This issue will raise a minimum of an additional $3.8 million in working capital in order that the Company can comply with the ASX`s requirements for investment companies. The offer is also designed to enable Adelong to meet the shareholder spread requirements of ASX. The issue of shares and options has been underwritten by CIBC World Markets, and it is expected that the Company will be relisted on ASX by the end of August 2000. Adelong has now undertaken its metamorphosis to an investment company, particularly in the information technology, telecommunications and electronic media sectors.

The mining assets at Adelong and in The Northern Territory have also been sold though settlement of the sale of Adelong mining assets is yet to occur. Investments previously announced have been made in technology based companies.

After completion of the issue of shares and options, Adelong proposes to retain cash of approximately $14 million allowing it to undertake further investments in the information, technology, telecommunications and media area, not only in Australia but also internationally as opportunities arise. As a result of the recent pull back in the technology sector of the market, Adelong is now well placed to invest in quality ventures. Adelong now has in place the management structure, investment guidelines and procedures appropriate to its undertaking as an investment company and proposes to strengthen those areas and look at appropriate Board restructuring as the Company develops in its newrole. Adelong, with its cash resources, is well placed to pursue its objectives and grow its business.

As an optionholder, you are not entitled to participate in the entitlement issue, as the terms of the option do not contain an inherent right or entitlement to participate in this issue. Should you wish to participate, you may do so by exercising the options no later than 5pm WST 14 July 2000 in order that you will be issued with ordinary fully paid shares in Adelong before the record date. A form in relation to this is attached for your use. If you intend to exercise your options in order to participate in the
entitlement offer you should read the Prospectus as to your eligibility to participate. The Prospectus is available on our website at adelongcapital.com. Any application for shares and options must be made on an application form accompanying the prospectus.

[Big-Apple]

Wichtiger Hinweis:

Beachtet bitte, daß heute der Stichtag war, an dem die Berechtigigung zur Teilnahme an der Kapitalerhöhung festgelegt wurde.

"14 July 2000: Entitlement Date to determine Entitlement to Shares and Options ."

[colt]

Wie ist denn Punkt b) zu verstehen?
Das liest sich so, als könnte man seinen Depotbestand auf die nächsten vollen 10.000 Stück aufrunden. Aber wer sind diese "eligible shareholders"? Und wieviele Aktien werden auf diese Weise ausgegeben?
"Subject to there being a shortfall from the Entitlement Offer" lässt mich vermuten, dass es dabei nur um die Aktien geht, die in a) nicht bezogen werden. Aber dann stellt sich erst recht die Frage, an wen und nach welchem System die verteilt werden sollen.

Auch den folgenden Satz kapiere ich nicht:
"The making of the Shortfall Public Offer is to assist the Company to obtain the necessary spread of shareholders with at least the minimum parcel of Shares on the
Company`s register as required by the Listing Rules. "
Wieso muss der "necessary spread" nur erreicht werden, wenn nicht alle von ihrem Bezugsrecht Gebrauch machen?

Oder habe ich den Begriff "shortfall" völlig falsch verstanden?

[Big-Apple]

Ich weiß nicht, wer die "eligible shareholders" (auszuwählende Aktionäre) sein werden und nach welchem System die Auswahl abläuft. Ein Kriterium ist, daß man keine durch 10.000 teilbare Zahl an Aktien hält. Interessant wird dies aber erst, wenn nicht alle Aktien nach dem vorgesehenen Verfahren plaziert werden können. Die Auswahl könnte z.B. per Los erfolgen. Ich würde auch an der Round-Up Offer gerne teilnehmen.

Um die Shortfall Public Offer mache ich mir keine Gedanken, da es sich hier um eine meines Erachtens sehr theoretische Möglichkeit handelt. Zuvor greift Round-Up Offer.

[LuniZ]

Welche Kosten entstehen denn aus der Kapitalerhöhung für den Aktionär ?

Muß ich weitere Adelong Aktien kaufen ?

Vielen Dank

LuniZ

[Big-Apple]

Gebühren fallen nur beim An- und Verkauf von Aktien an der Börse an. Bei der außerbörslichen Kapitalerhöhung brauchst Du keine Gebühren zahlen.

Du mußt an der Kapitalerhöhung nicht teilnehmen. Ich rate jedoch, dies zu tun und habe es auch selbst gemacht. Der Preis beträgt 0,20 A$ pro Aktie. Du kannst für jeweils 6 bereits vorhandene Aktien eine neue Aktie kaufen.

[m.a.x.]

Vergessen sollte man auch die angehängte Option nicht, von der ich zwar die Laufzeit nicht weiß, welche mir aber als Teilnehmer an der KE nach einer Weile die Möglichkeit gibt, Aktien die gleiche Menge Aktien, wie ich von der KE bekomme für 0,2 AUD nachzukaufen. Ist doch auch nicht unbedingt ein schlechtes Angebot.

[Cashmaker1]

@Big-Apple

Und warum sollte man an der KE teilnehmen?

Bis denne

Cashmaker

[Big-Apple]

Es gibt zwei Gründe, an der Kapitalerhöhung teilzunehmen:
1. Verbilligung des eigenen Einstiegskurses
2. der von m.a.x. genannte kostenlos beigefügte Optionsschein je neuer Aktie

[falco]

Hallo

Die Aktienzeichnung liegt auf meinem Tisch. Was ist die richtige Variante -- Kaufen oder Papierkorb ?
Für heisse Tipps danke ich Euch.
Gruss Pedro