SECURITIES AND EXCHANGE COMMISSION

Washington, D.C. 20549

  

FORM 6-K

 

REPORT OF FOREIGN PRIVATE ISSUER PURSUANT TO RULE 13a-16 OR

15d-16 UNDER THE SECURITIES EXCHANGE ACT OF 1934

 

For the month of November 2018

 

Prana Biotechnology Limited

(Name of Registrant)

 

Level 2, 369 Royal Parade Parkville  Victoria  3052 Australia

(Address of Principal Executive Office)

 

Indicate by check mark whether the registrant files or will file annual reports under cover of Form 20-F or Form 40-F.

 

Form 20-F x                    Form 40-F ¨

 

Indicate by check mark if the registrant is submitting the Form 6-K in paper as permitted by Regulation S-T Rule 101(b)(1): __

 

Indicate by check mark if the registrant is submitting the Form 6-K in paper as permitted by Regulation S-T Rule 101(b)(7): __

 

Indicate by check mark whether by furnishing the information contained in this Form, the registrant is also thereby furnishing the information to the Commission pursuant to Rule 12g3-2(b) under the Securities Exchange Act of 1934.

 

Yes ¨                       No x  

 

If “Yes” is marked, indicate below the file number assigned to the registrant in connection with Rule 12g3-2(b): 82- _____

 

This Form 6-K is being incorporated by reference into the Registrant’s Registration Statements on Form F-3 (File No. 333-199783) and Form S-8 (File No. 333-153669).

 

 

 

 

 

PRANA BIOTECHNOLOGY LIMITED

 

6-K Items

 

1.

Appendix 3B

 

 

 

 

SIGNATURES

 

Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned, thereunto duly authorized.

  

  PRANA BIOTECHNOLOGY LIMITED
    (Registrant)
     
     
  By: /s/ Geoffrey Kempler  
    Geoffrey Kempler,
    Executive Chairman

  

November 16, 2018

 

 

 

 

Rule 2.7, 3.10.3, 3.10.4, 3.10.5

Appendix 3B

 

New Issue Announcement,

Application for Quotation of Additional

Securities and Agreement

 

Information or documents not available now must be given to ASX as soon as available.

Information and documents given to ASX become ASX’s property and may be made public.

 

Introduced 01/07/96 Origin: Appendix 5 Amended 01/07/98, 01/09/99, 01/07/00, 30/09/01, 11/03/02, 01/01/03, 24/10/05, 01/08/12, 04/03/13

 

 

Name of Entity
 Prana Biotechnology Limited   (ASX: PBT)

 

 

ABN
 37 080 699 065

 

We (the entity) give ASX the following information.

 

Part 1 - All issues

You must complete the relevant sections (attach sheets if there is not enough space).

 

1 + Class of + securities issued or to be issued

Unlisted Options

 

     
2 Number of + securities issued or to be issued (if known) or maximum number which may be issued

a) Options issued:

     1,250,000 (PBTAAA)

 

b) Options lapsed:

     306,490 (PBTAY)

     360,000 (PBTAZ)

     200,000 (PBTAD)

     200,000 (PBTAA)

 

     
3 Principal terms of the + securities (e.g. if options, exercise price and expiry date; if partly paid + securities, the amount outstanding and due dates for payment; if + convertible securities, the conversion price and dates for conversion) Unlisted options exercisable at AUD$0.11 on or before 14 December 2022

 

 

     
4

Do the + securities rank equally in all respects from the + issue date with an existing + class of quoted + securities?

 

If the additional + securities do not rank equally, please state:

·      the date from which they do

·      the extent to which they participate for the next dividend, (in the case of a trust, distribution) or interest payment

·      the extent to which they do not rank equally, other than in relation to the next dividend, distribution or interest payment

Yes, upon exercise in to Ordinary Shares

 

       

 

+ See chapter 19 for defined terms.
04/03/2013 		  Appendix 3B Page 1

 

 

5 Issue price or consideration

Nil cash consideration

 

     
6

Purpose of the issue

(If issued as consideration for the acquisition of assets, clearly identify those assets)

Issue of options to director as approved by shareholders on 17 th November 2017

 

     
6a

Is the entity an + eligible entity that has obtained security holder approval under rule 7.1A?

 

If Yes, complete sections 6b – 6h in relation to the + securities the subject of this Appendix 3B , and comply with section 6i

Yes
     
6b The date the security holder resolution under rule 7.1A was passed 16 November 2018
     
6c Number of + securities issued without security holder approval under rule 7.1 N/A
     
6d Number of + securities issued with security holder approval under rule 7.1A N/A
     
6e

Number of + securities issued with security holder approval under rule 7.3, or another specific security holder approval (specify date of meeting)

 

1,250,000 – approved on 17 th November 2017
     
6f Number of + securities issued under an exception in rule 7.2

N/A

     
6g If + securities issued under rule 7.1A, was issue price at least 75% of 15 day VWAP as calculated under rule 7.1A.3?  Include the + issue date and both values.  Include the source of the VWAP calculation. N/A
     
6h If + securities were issued under rule 7.1A for non-cash consideration, state date on which valuation of consideration was released to ASX Market Announcements N/A
     
6i Calculate the entity’s remaining issue capacity under rule 7.1 and rule 7.1A – complete Annexure 1 and release to ASX Market Announcements Refer to the attached Annexure 1
     
7

+ Issue dates

 

Note: The issue date may be prescribed by ASX (refer to the definition of issue date in rule 19.12). For example, the issue date for a pro rata entitlement issue must comply with the applicable timetable in Appendix 7A.

 

Cross reference: item 33 of Appendix 3B.

Friday 16 th November 2018
       

 

+ See chapter 19 for defined terms.
04/03/2013 		  Appendix 3B Page 2

 

 

    Number +Class
8 Number and +class of all +securities quoted on ASX ( including the +securities in section 2 if applicable) 536,975,050 Fully Paid Ordinary Shares (PBT)

 

9

Number and + class of all + securities not quoted on ASX ( including the + securities in section 2 if applicable)

 

       

 

  Class of Securities Issued under
  ASX Code Number Security Type Exercise Price Expiry Date an ESOP
  PBTAE 1,200,000 Unlisted Options AUD$1.04 11 Dec 2018 2004 ASX Plan
  PBTAF 100,000 Unlisted Options AUD$1.12 5 Feb 2019 2004 ASX Plan
  PBTAH 2,000,000 Unlisted Options AUD$0.26 18 Feb 2020 2004 ASX Plan
  PBTAR 1,400,000 Unlisted Options AUD$0.27 25 May 2020 2004 ASX Plan
  PBTAS 7,350,000 Unlisted Options AUD$0.07 6 Jun 2022 2004 ASX Plan
  PBTAAA 13,850,000* Unlisted Options AUD$0.11 14 Dec 2022 2004 ASX Plan
  New Class 700,000 Unlisted Options AUD $0.083

31 January 2023

2004 ASX Plan
  TOTAL 26,600,000        
             
  *Note: Corrections made to amend administrative error within previously lodged appendix 3B.

     
10 Dividend policy (in the case of a trust, distribution policy) on the increased capital (interests) Unchanged

 

Part 2 - Pro rata issue

 

11 Is security holder approval required?  
     
12 Is the issue renounceable or non-renounceable?  
     
13 Ratio in which the + securities will be offered  

 

+ See chapter 19 for defined terms.
04/03/2013 		  Appendix 3B Page 3

 

 

     
14 + Class of + securities to which the offer relates  
     
15 + Record date to determine entitlements  
     
16 Will holdings on different registers (or subregisters) be aggregated for calculating entitlements?  
     
17 Policy for deciding entitlements in relation to fractions  
     
18

Names of countries in which the entity has security holders who will not be sent new offer documents

Note: Security holders must be told how their entitlements are to be dealt with.

Cross reference: rule 7.7.

 
     
19 Closing date for receipt of acceptances or renunciations  
     
20 Names of any underwriters  
     
21 Amount of any underwriting fee or commission  
     
22 Names of any brokers to the issue  
     
23 Fee or commission payable to the broker to the issue  
     
24 Amount of any handling fee payable to brokers who lodge acceptances or renunciations on behalf of security holders  
     
25 If the issue is contingent on security holders’ approval, the date of the meeting  
     
26 Date entitlement and acceptance form and offer documents will be sent to persons entitled  
     
27 If the entity has issued options, and the terms entitle option holders to participate on exercise, the date on which notices will be sent to option holders  
     
28

Date rights trading will begin

(if applicable)

 

 

29

Date rights trading will end

(if applicable)

 
     
30 How do security holders sell their entitlements in full through a broker?  

 

+ See chapter 19 for defined terms.
04/03/2013 		  Appendix 3B Page 4

 

 

     
31 How do security holders sell part of their entitlements through a broker and accept for the balance?  

 

32

How do security holders dispose of their entitlements

(except by sale through a broker)?

 
     
33 + Issue date  

 

Part 3 - Quotation of securities

You need only complete this section if you are applying for quotation of securities

 

34

Type of + securities

( tick one )

 

(a)  ☐ + Securities described in Part 1
     
(b)  ☐

All other + securities

 

Example: restricted securities at the end of the escrowed period, partly paid securities that become fully paid, employee incentive share securities when restriction ends, securities issued on expiry or conversion of convertible securities

 

Entities that have ticked box 34(a)

 

Additional securities forming a new class of securities

 

Tick to indicate you are providing the information or documents

 

35  ☐ If the +securities are +equity securities, the names of the 20 largest holders of the additional +securities, and the number and percentage of additional +securities held by those holders
     
36  ☐

If the +securities are +equity securities, a distribution schedule of the additional +securities setting out the number of holders in the categories

1 - 1,000

1,001 - 5,000

5,001 - 10,000

10,001 - 100,000

100,001 and over

     
37  ☐ A copy of any trust deed for the additional +securities

 

+ See chapter 19 for defined terms.
04/03/2013 		  Appendix 3B Page 5

 

 

Entities that have ticked box 34(b)

 

38 Number of + securities for which + quotation is sought  
     
39 + Class of + securities for which quotation is sought  
     
40

Do the + securities rank equally in all respects from the + issue date with an existing + class of quoted + securities?

 

If the additional + securities do not rank equally, please state:

·      the date from which they do

·      the extent to which they participate for the next dividend, (in the case of a trust, distribution) or interest payment

·      the extent to which they do not rank equally, other than in relation to the next dividend, distribution or interest payment

 
     
41

Reason for request for quotation now

Example: In the case of restricted securities, end of restriction period

 

(if issued upon conversion of another + security, clearly identify that other + security)

 
     
    Number + Class
42 Number and + class of all + securities quoted on ASX ( including the + securities in clause 38)    

 

+ See chapter 19 for defined terms.
04/03/2013 		  Appendix 3B Page 6

 

 

Quotation agreement

 

1 +Quotation of our additional +securities is in ASX’s absolute discretion. ASX may quote the +securities on any conditions it decides.

 

2 We warrant the following to ASX.

 

· The issue of the +securities to be quoted complies with the law and is not for an illegal purpose.

 

· There is no reason why those +securities should not be granted +quotation.

 

· An offer of the + securities for sale within 12 months after their issue will not require disclosure under section 707(3) or section 1012C(6) of the Corporations Act.

Note: An entity may need to obtain appropriate warranties from subscribers for the securities in order to be able to give this warranty

 

· Section 724 or section 1016E of the Corporations Act does not apply to any applications received by us in relation to any +securities to be quoted and that no-one has any right to return any +securities to be quoted under sections 737, 738 or 1016F of the Corporations Act at the time that we request that the +securities be quoted.

 

· If we are a trust, we warrant that no person has the right to return the +securities to be quoted under section 1019B of the Corporations Act at the time that we request that the +securities be quoted.

 

3 We will indemnify ASX to the fullest extent permitted by law in respect of any claim, action or expense arising from or connected with any breach of the warranties in this agreement.

 

4 We give ASX the information and documents required by this form. If any information or document is not available now, we will give it to ASX before +quotation of the +securities begins. We acknowledge that ASX is relying on the information and documents. We warrant that they are (will be) true and complete.

 

 

 

Sign here:     Date: Friday, 16th November 2018
    Company Secretary    
         
Print name:   Phillip Hains    

 

 

 

 

 

 

 

Appendix 3B – Annexure 1

 

Calculation of placement capacity under rule 7.1 and rule 7.1A for eligible entities

 

Introduced 01/08/12 Amended 04/03/13

 

Part 1

 

Rule 7.1 – Issues exceeding 15% of capital
Step 1: Calculate “A”, the base figure from which the placement capacity is calculated
Insert number of fully paid +ordinary securities on issue 12 months before the +issue date or date of agreement to issue 533,891,470

Add the following:

 

•     Number of fully paid +ordinary securities issued in that 12 month period under an exception in rule 7.2

 

•     Number of fully paid +ordinary securities issued in that 12 month period with shareholder approval

 

•     Number of partly paid +ordinary securities that became fully paid in that 12 month period

 

Note:

•     Include only ordinary securities here – other classes of equity securities cannot be added

•     Include here (if applicable) the securities the subject of the Appendix 3B to which this form is annexed

•     It may be useful to set out issues of securities on different dates as separate line items

 

 

Nil

 


3,083,580


 

Nil

 

Subtract the number of fully paid +ordinary securities cancelled during that 12 month period Nil
“A” 536,975,050

 

Step 2: Calculate 15% of “A”
“B”

0.15

 

[Note: this value cannot be changed]

 

Multiply “A” by 0.15 80,546,258

 

+ See chapter 19 for defined terms.
04/03/2013 		  Appendix 3B Page 7

 

 

Step 3: Calculate “C”, the amount of placement capacity under rule 7.1 that has already been used

Insert number of +equity securities issued or agreed to be issued in that 12 month period not counting those issued:

 

•     Under an exception in rule 7.2

 

•     Under rule 7.1A

 

•     With security holder approval under rule 7.1 or rule 7.4

 

Note:

•     This applies to equity securities, unless specifically excluded – not just ordinary securities

•     Include here (if applicable) the securities the subject of the Appendix 3B to which this form is annexed

•     It may be useful to set out issues of securities on different dates as separate line items

 

 

 

 

Nil

 

 

 

 

 

“C” Nil

 

Step 4: Subtract “C” from [“A” x “B”] to calculate remaining placement capacity under rule 7.1

“A” x 0.15

 

Note: number must be same as shown in Step 2

 

80,546,258

Subtract “C”

 

Note: number must be same as shown in Step 3

 

Nil
Total [“A” x 0.15] – “C”

80,546,258

 

[ Note : this is the remaining placement capacity under rule 7.1]

 

 

+ See chapter 19 for defined terms.
04/03/2013 		  Appendix 3B Page 8

 

Part 2

 

Rule 7.1A – Additional placement capacity for eligible entities
Step 1: Calculate “A”, the base figure from which the placement capacity is calculated

“A”

 

Note: number must be same as shown in Step 1 of Part 1

 

536,975,050

 

Step 2: Calculate 10% of “A”
“D”

0.10

 

Note: this value cannot be changed

 

Multiply “A” by 0.10 53,697,505

  

Step 3: Calculate “E”, the amount of placement capacity under rule 7.1A that has already been used

Insert number of +equity securities issued or agreed to be issued in that 12 month period under rule 7.1A

 

Notes:

•     This applies to equity securities – not just ordinary securities

•     Include here – if applicable – the securities the subject of the Appendix 3B to which this form is annexed

•     Do not include equity securities issued under rule 7.1 (they must be dealt with in Part 1), or for which specific security holder approval has been obtained

•     It may be useful to set out issues of securities on different dates as separate line items

Nil
“E” Nil

 

Step 4: Subtract “E” from [“A” x “D”] to calculate remaining placement capacity under rule 7.1A

“ A ” x 0.10

 

Note: number must be same as shown in Step 2

 

53,697,505

Subtract “E”

 

Note: number must be same as shown in Step 3

 

Nil
Total [“A” x 0.10] – “E”

53,697,505

 

Note: This is the remaining placement capacity under rule 7.1A

 

 

+ See chapter 19 for defined terms.
04/03/2013 		  Appendix 3B Page 9