King Solomon Mines Limited


Transaction Type: Company meeting (Allotment)

Allottee: Xref Pty Limited

Independent Adviser(s): RSM Financial Services Australia Pty Limited (Rule 18)

Date of meeting: 26/11/2015


King Solomon Mines Limited (KSO) was a New Zealand-registered, ASX-listed Code company that had 50 or more shareholders and 50 or more share parcels. 

On 26 November 2015,  KSO held an extraordinary meeting of shareholders to consider resolutions to approve various transactions to facilitate the backdoor-listing of Xref Pty Limited (Xref), including a resolution to allow Xref shareholders to increase their voting control in KSO to more than 20%. 

The resolutions were approved at the shareholder meeting.

RSM Financial Services Australia Pty Limited prepared a rule 18 independent adviser’s report on the merits of allotments.