FAQ
Phoenix Frequently Asked Questions
1. How many shares do I own?
All Tulla Resources share holders and CDI holders as at 7pm on 21 June 2023 received 3 Phoenix Shares for every 1 Tulla Resources security
2. What is the value of my Phoenix Shares?
The fully paid subscription price on issue of the fully paid Phoenix Shares was £0.001479 each based on the independent valuation.
3. Is Phoenix a listed company?
No, Phoenix is a private company incorporated in NSW, Australia and is not listed on any financial markets.
4. Where is my Share Certificate?
There is no share certificate in relation to your Phoenix Shares as you hold as a beneficial owner. The legal title is in the name of the Custodian.
5. Where is my Holding Statement of Phoenix Shares?
No statements were despatched to Phoenix Shareholders. The Company maintains the Company Beneficial Share Register. Your Phoenix Shares are recorded in the identical name that you held your Tulla Resources shares/CDIs.
6. What is the Phoenix Share Code/Number?
There is no ISIN for the Phoenix Shares. Further, there is no HIN/SRN or any other code for the Phoenix Shares.
7. What are my rights as a Phoenix Shareholder?
Your rights are set out in the Phoenix Constitution and the Shareholders’ Agreement.
8. Who is Perpetual Nominees Limited?
Perpetual Nominees Limited is the Custodian who is the legal owner of your Phoenix Shares.
9. What is the role of the Custodian?
Simply to hold the Phoenix Shares as a bare trustee for you; the underlying holders. The terms of the Custodian are set out in the Phoenix Constitution.
10. Can I sell or transfer my Phoenix Shares?
Yes, you can sell your Phoenix Shares by private treaty or transfer your Phoenix Shares, subject to the terms of the Phoenix Constitution and Shareholders’ Agreement. The purchaser/transferor will need to execute a Deed of Accession. There is no active market for the sale of Phoenix Shares.
11. What is the base cost of my Phoenix Shares?
The ATO has released a Class Ruling CR2023/44 “Tulla Resources Plc – demerger and scrip for scrip roll-over” which sets out the base cost of your Phoenix Shares (paragraph 98) and other income tax consequences of the demerger.
12. What are the Assets of Phoenix?
The principle asset of the Company are the Industrial Mineral Rights at the Norseman Gold Project.
13. Where are the Financial Accounts for Phoenix?
There is currently no financial accounts. Phoenix was incorporated as a special purpose company for the demerger and has yet to carry out any substantive business. Unaudited financial accounts will be provided, in due course.
14. Does Tulla Resources Plc still exist?
Following the merger with Pantoro Limited (ASX:PNR), Tulla Resources Plc was delisted from the ASX and changed its name to Norseman Gold Limited. It is now a wholly owned subsidiary of the Pantoro Group (together with its subsidiary companies, Central Norseman Gold Corporation Pty Ltd and Pangoin Resources Pty Ltd). Security holders in Tulla Resources Plc as at the Merger Record Date received 4.9578 Pantoro shares for every 1 Tulla Resources Plc share/CDI. All enquiries in relation to the merger/PNR shares should be referred to Pantoro. Phoenix is not connected with Tulla Resources Plc or Pantoro Limited
