Page 59 - Sundance Resources Ltd Annual Report 2013

SUNDANCE RESOURCES LIMITED ANNUAL REPORT 2013 57
directors’ report (continued)
FOR THE YEAR ENDED 30 JUNE 2013
12. REMUNERATION REPORT OVERVIEW (continued)
12.4 Relationship between Remuneration Policy
and Company Performance (continued)
Notes to Graph:
On 21 March 2011, Sundance announced that the Company had been notified that all of the shares in the Company previously owned by Ken Talbot’s estate had been
transferred to Hanlong. This represented approximately 16% holding in Sundance and Hanlong disclosed that they had also purchased another 3% on-market, bringing their
total holding in Sundance to approximately 19%.
On 18 July 2011, Sundance announced that it had received written advice from Hanlong of its intention to make an offer for all of the Company’s shares for cash consideration
of 50 cents per share under a scheme of arrangement. This was subsequently raised to 57 cents per share on 4 October 2011, and revised lower to 45 cents per share on
24 August 2012.
On 9 April 2013, Sundance announced that the SIA with Hanlong had been terminated.