Retail Entitlement Offer Booklet and Covering Letter - AJ Lucas
Retail Entitlement Offer Booklet and Covering Letter - AJ Lucas
Retail Entitlement Offer Booklet and Covering Letter - AJ Lucas
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24 June 2013<br />
Dear Shareholder,<br />
Updated Information – <strong>Retail</strong> <strong>Offer</strong> <strong>Booklet</strong><br />
Reference is made to the <strong>Retail</strong> <strong>Offer</strong> <strong>Booklet</strong> dated 24 June 2013 in relation to <strong>AJ</strong> <strong>Lucas</strong><br />
Group Limited’s (<strong>AJ</strong>L) retail entitlement offer (<strong>Retail</strong> <strong>Offer</strong> <strong>Booklet</strong>).<br />
Section 5 of the <strong>Retail</strong> <strong>Offer</strong> <strong>Booklet</strong> is to be amended by inserting the following two<br />
paragraphs after the second paragraph as follows:<br />
As announced to the market on 17 June 2013, Elliot Advisors (HK) Limited has made certain<br />
allegations against <strong>AJ</strong>L including in relation to <strong>AJ</strong>L’s obligations under the facility agreement<br />
with Athena Investments Holdings LLC. <strong>AJ</strong>L is continuing to assess <strong>and</strong> explore these<br />
allegations <strong>and</strong> maintains that it will vigorously defend these allegations.<br />
<strong>AJ</strong>L has received a letter from Arnold Bloch Leibler dated 18 June 2013 on behalf of<br />
Gleneagle Securities (Aust) Pty Ltd (Gleneagle) regarding Gleneagle’s alleged rights under a<br />
m<strong>and</strong>ate letter dated 9 January 2013 (M<strong>and</strong>ate <strong>Letter</strong>) which was signed by <strong>AJ</strong>L <strong>and</strong><br />
Gleneagle in connection with <strong>AJ</strong>L’s capital raising as announced on 13 February 2013. <strong>AJ</strong>L<br />
<strong>and</strong> Gleneagle are currently discussing Gleneagle’s rights under the M<strong>and</strong>ate <strong>Letter</strong>.<br />
Yours faithfully<br />
Allan Campbell<br />
Chairman
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