Change in substantial holding
Released
Released
Announcement PDF
Form 604
Corporations Act 2001
Section 671B
Notice of change of interests of substantial holder
To Company Name/ Scheme
Hastings Technology Metals Limited
ACN/ ARSN
122 911 399
1. Details of substantial holder (1)
Name
L1 Capital Pty Ltd
ACN/ ARSN (if applicable)
125 378 145
There was a change in the interests of the substantial holder on
15/09/2023
The previous notice was given to the company on
30/01/2023
The previous notice was dated
30/01/2023
2. Previous and present voting power
The total number of votes attached to all the voting shares in the company or voting interests in the scheme that the substantial holder or an associate (2) had a relevant
interest (3) in when last required, and when now required, to give a substantial holding notice to the company or scheme, are as follows:
Class of securities (4)
FPO
Previous notice
Person's votes
Voting power (5)
15,148,934
11.73%
*Based on issued capital of 129,178,514 shares
Present notice
Person's votes
Voting power (5)
12,800,000
9.89%
*Based on issued capital of 129,366,652 shares
3. Changes in relevant interests
Particulars of each change in, or change in the nature of, a relevant interest of the substantial holder or an associate in voting securities of the company or scheme, since the
substantial holder was last required to give a substantial holding notice to the company or scheme are as follows:
Date of
change
Person whose relevant interest
changed
Nature of change (6)
Consideration given in
relation to change (7)
Class and number of
securities affected
Person's votes affected
Class and number of
securities
Person's votes
See
Annexure A
4. Present relevant interests
Particulars of each relevant interest of the substantial holder in voting securities after the change are as follows:
Holder of
relevant
interest
See
Annexure B
Registered Holder of securities
Person entitled to be
registered as holder (8)
Nature of relevant interest
5. Changes in association
The persons who have become associates (2) of, ceased to be associates of, or have changed the nature of their association (9) with, the substantial holder in relation to voting
interests in the company or scheme are as follows:
Name and ACN/ ARSN (if applicable)
N/A
Nature of association
6. Addresses
The addresses of persons named in this form are as follows:
Name
L1 Capital Pty Ltd
Address
Level 45, 101 Collins Street, Melbourne, VIC, 3000
Signature
Print name
Jane Stewart
Capacity
Sign here
Date
Head of Compliance
19/09/2023
DIRECTIONS
(1)
If there are a number of substantial holders with similar or related relevant interests (eg. a corporation and its related corporations, or the manager and trustee of an
equity trust), the names could be included in an annexure to the form. If the relevant interests of a group of persons are essentially similar, they may be referred to
throughout the form as a specifically named group if the membership of each group, with the names and addresses of members is clearly set out in paragraph 6 of the
form.
(2)
See the definition of "associate" in section 9 of the Corporations Act 2001.
(3)
See the definition of "relevant interest" in sections 608 and 671B(7) of the Corporations Act 2001.
(4)
The voting shares of a company constitute one class unless divided into separate classes.
(5)
The person's votes divided by the total votes in the body corporate or scheme multiplied by 100.
(6)
Include details of:
(a)
any relevant agreement or other circumstances because of which the change in relevant interest occurred. If subsection 671B(4) applies, a copy of any document setting out the terms of
any relevant agreement, and a statement by the person giving full and accurate details of any contract, scheme or arrangement, must accompany this form, together with a written
statement certifying this contract, scheme or arrangement; and
(b)
any qualification of the power of a person to exercise, control the exercise of, or influence the exercise of, the voting powers or disposal of the securities to which the relevant interest
relates (indicating clearly the particular securities to which the qualification applies).
See the definition of "relevant agreement" in section 9 of the Corporations Act 2001.
(7)
Details of the consideration must include any and all benefits, money and other, that any person from whom a relevant interest was acquired has, or may, become entitled to receive in relation to that
acquisition. Details must be included even if the benefit is conditional on the happening or not of a contingency. Details must be included of any benefit paid on behalf of the substantial holder or its
associate in relation to the acquisitions, even if they are not paid directly to the person from whom the relevant interest was acquired.
(8)
If the substantial holder is unable to determine the identity of the person (eg. if the relevant interest arises because of an option) write "unknown".
(9)
Give details, if appropriate, of the present association and any change in that association since the last substantial holding notice.
Annexure A
L1 Capital Pty Ltd (ACN 125 378 145) change in substantial holding in Hastings Technology Metals Limited
This is Annexure "A" of 1 page referred to in the Form 604 (Notice of Change of interests of Substantial Holder)
Print Name
Capacity
Jane Stewart
Sign Here
Head of Compliance
Date
19/09/2023
Changes in relevant interests
Date of change
Person whose
relevant interest
changed
Nature of change (6)
27/07/2023
L1 Capital Pty Ltd
On-Market Sale
$
27,475.12
21,952
FPO
21,952
31/07/2023
L1 Capital Pty Ltd
On-Market Sale
$
458.72
376
FPO
376
15/08/2023
L1 Capital Pty Ltd
On-Market Sale
$
208,333.86
182,749
FPO
182,749
13/09/2023
L1 Capital Pty Ltd
On-Market Sale
$
411,600.00
420,000
FPO
420,000
15/09/2023
L1 Capital Pty Ltd
On-Market Sale
$
1,697,999.15
1,723,857
FPO
1,723,857
Consideration given in relation to change (7)
Class and number of securities affected
Person's votes
affected
Annexure B
L1 Capital Pty Ltd (ACN 125 378 145) change in substantial holding in Hastings Technology Metals Limited
This is Annexure "B" of 1 page referred to in the Form 604 (Notice of Change of interests of Substantial Holder)
Print Name
Jane Stewart
Sign Here
Capacity
Head of Compliance
Date
19/09/2023
Details of present relevant interests
Holder of relevant interest
Registered holder of securities
Persons entitled to be a registered holder
Nature of relevant
interest
L1 Capital Pty Ltd
Merrill Lynch (Australia) Nominees Pty Limited
Merrill Lynch (Australia) Nominees Pty Limited
Power to (or to control)
exercise vote and/or dispose of
the securities as discretionary
investment managers or
advisers of superannuation
funds, pooled superannuation
trusts, managed investment
schemes and investment
management agreements.
L1 Capital Pty Ltd
Morgan Stanley & Co. International PLC
Morgan Stanley & Co. International PLC
L1 Capital Pty Ltd
Goldman Sachs International
Goldman Sachs International
Class and number of securities
235,063
FPO
As Above
12,390,989
FPO
As Above
173,948
FPO
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