ann out extension to spp

due to popular demand the dates have been extended

or they're spinning us a line and no-one's interested



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
2nd March 2007
Bonus Options Issue – Change of Entitlement Date
Safety Medical Products Limited is pleased to announce that the Company is extending
the Record Date for entitlement to the recently announced Bonus Options Issue to
Friday 6th April 2007.
We advise this is in order to allow all participants in the Share Purchase Plan sufficient
time to be registered with their extra share allocations after its due close on 30th March, as
well as allowing any new shareholders of the Company who may purchase shares
between now and the 6th April 2007 to also be eligible for the Bonus Options Issue.
Due to the overwhelming level of enquiry and demand in regards to shareholder
entitlements under the Share Purchase Plan and Bonus Options Issue, from both current
as well as potentially new shareholders, since the announcement of its Share Purchase
Plan and
Bonus Options Issue on 27th February 2007, the Company has accordingly tried to accede
to the wishes and demands of all shareholders in determining the new Record Date.
Please note all other terms and aspects of the Bonus Options Issue will remain the same,
as per the Announcement of 27th February 2007, other than the new Record Date.
The Bonus Options will be free and will be issued for nil consideration, on the basis of one
(1) Option for every two (2) Shares held as at the new Record Date.
The purpose of the Bonus Issue is to reward all shareholders for supporting the Company
and to 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 6th April 2007 (“Record Date”).
Details of the Bonus Options Issue remain as follows:
Issue ratio: One (1) Option for every two (2) shares held at the Record Date.
Exercise date: Exercise at any time up to and including 5pm AEST on 31st December
2010.
Exercise price: $1.00 each.
Please Note:
1. Eligible shareholders will receive Options based on a shareholder’s holding of
shares as at the Record Date, divided by a factor of two and rounded down to the
nearest whole number. No fractional entitlements to share options will accrue or be
allocated.
2. These Options may be exercised at any time on or before 31 December 2010.
3. Any shares in the Company that are subject to escrow as at the Record Date will
have the same remaining period of escrow applied to that shareholder’s Bonus
Options.
The Company will make application to the ASX for official quotation of the Bonus Options
and will lodge a prospectus with ASIC which shall be distributed to shareholders in due
course.
As previously advised, the Options will be issued for nil consideration and shareholders
are not required to take any action in order to accept and be issued with their Entitlement
of Options.
Thanking you.
Yours faithfully,
John Riemelmoser
Managing Director