ann out clarification re spp

Safety Medical Products Limited
25 Fenden Road, Salisbury Plain, South Australia
Australia, 5109
ACN 007 817 192
Phone: (08) 8285 5226 Fax: (08) 8285 3228
Email: [email protected] Website: www.safetymed.com.au
ASX Code: SFP
SafetyMed® is a registered trademark of Safety Medical Products Ltd
29th February 2007
Dear Shareholder
Exercise of Options, Entitlement to Bonus Options Issue and Share Purchase Plan
Due to the large number of calls relating to questions of shareholders entitlement to the
recently announced Bonus Share Issue, we wish to clarify and advise that any currently
held options which are exercised into shares and recorded before the Record Date, being
16th March 2007, will be entitled to the new Bonus Options on those shares accordingly.
Given the fact that the Share Registry will require a few days however in which to register
the exercised current options, we would recommend that should you wish to maximise
your entitlement to the new Bonus Options, you should be exercising your current options
as soon as possible and with sufficient time for the Registry to receive your exercise form
and attend to the necessary registration of your new shares accordingly by the said
Record Date.
Some shareholders have also enquired as to how they go about exercising their current
options. Accordingly we wish to advise that the exercise form is contained on the back of
your Chess Holding Statement which you received from Chess evidencing your current
holding of options. Please fill out this form and send to Registries at the stated address
therein, along with your cheque relating to your specific amount.
Should you have any problems or queries relating to this form or the process or require a
new Options Holding Statement please contact the Company’s Share Registry, Registries
Limited, on 02 9290 9600.
As already announced the new Bonus Options Issue is free and requires nil consideration
and these new Bonus Options will be issued on the basis of one (1) Option for every two
(2) Shares held as at the Record Date.
To exercise your current options you must pay $0.20 per share in order to convert your
current options into shares.
As long as this is done and registered prior to 16th March 2007, you will automatically be
entitled to the new Bonus Options.
We confirm that shareholders wishing to take up their entitlement of up to $5000 worth of
additional shares under the Share Placement Plan, must be registered shareholders of the
Company as at 16th March 2007, at which time the Share Purchase Plan will be mailed to
all shareholders as at that date. These shareholders will also be entitled to the Bonus
Options on that additional parcel of shares allocated to them as a result of subscribing to
the Share Purchase Plan.
The purpose of the Bonus Issue is to reward shareholders for supporting the Company
and the Share Purchase Plan will allow further Shareholder participation in the future of
the Company.
The Issue will be made to all Australian and other shareholders recorded in the respective
registers and sub-registers of the Company as at the close of trading on the ASX on
Friday 16th March 2007 (“Record Date”).
I thank you for your support of the Company during this first year of public listing and look
forward to the continuing performance of the Company accordingly.
Yours faithfully,
John Riemelmoser
Managing Director