Change of Director's Interest Notice-Dr William Garner
Released
Released
Announcement PDF
12 November 2018
ASX Announcement
Change of Director’s Interest Notice – Dr William Garner
12 November 2018: Race Oncology Limited (‘RAC’) has attached a Change of Director’s
Interest Notice for the RAC Chairman, Dr William Garner. As previously advised (ASX release
17 September 2018), this will be one of several such notices, due to the planned distribution
of RAC shares owned by Update Pharma, Inc. (Update) to its individual shareholders.
In exchange for its intellectual property interests in Bisantrene in June 2016, Update received
15 million RAC shares and 10 million RAC performance shares. As a result, Update is a
substantial shareholder in RAC.
Update has recently sold 350,000 shares of RAC to cover its working capital costs. RAC has
been advised that Update intends to distribute the vast majority of its remaining shares to its
more than 20 individual shareholders. This is occurring on a progressive basis.
Dr William Garner, the chairman of Race Oncology, owns a controlling interest in Update and
therefore the Company is obliged to report the sale and transfers of RAC shares as a change
in the shareholding of Dr Garner. As a result, in the coming months, the Company expects to
issue a number of Appendix 3Ys (ASX change of director’s interest notice). It should be noted
that Dr William Garner’s beneficial interest in shares in the Company will not be changing as
a result of the transfers.
About Race Oncology (RAC.ASX)
Race Oncology is a specialty pharmaceutical company that listed on the Australian Securities Exchange (ASX) in July 2016.
Race’s business model is to pursue later-stage drug assets in the cancer field that have been overlooked by big pharma. The
company’s first asset is Bisantrene. Race has successfully manufactured Bisantrene and is seeking to complete the
development necessary to gain FDA approval, while also making the drug available as an unlicensed medication under named
patient programs outside the US.
Media contact:
Heidi Cuthbert, +61 411 272 366;
E: heidi.cuthbert@multiplier.com.au
Race Oncology Ltd ABN 61 149 318 749
Registered office: L40, 140 William St, Melbourne VIC Australia 3000
www.raceoncology.com
Appendix 3Y
Change of Director’s Interest Notice
Rule 3.19A.2
Appendix 3Y
Change of Director’s Interest Notice
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 30/9/2001.
Name of entity
Race Oncology Limited
ABN
61 149 318 749
We (the entity) give ASX the following information under listing rule 3.19A.2 and as agent for the
director for the purposes of section 205G of the Corporations Act.
Name of Director
William James Garner
Date of last notice
17 September 2018
Part 1 - Change of director’s relevant interests in securities
In the case of a trust, this includes interests in the trust made available by the responsible entity of the trust
Note: In the case of a company, interests which come within paragraph (i) of the definition of “notifiable interest of a director” should be disclosed
in this part.
Direct or indirect interest
Nature of indirect interest
(including registered holder)
Note: Provide details of the circumstances
giving rise to the relevant interest.
1.
2.
3.
2.
3.
Direct
Indirect
Indirect
Citicorp Nominees Pty Ltd – Beneficial Interest
Update Pharma Inc – Director Related Entity
Date of change
9 November 2018
No. of securities held prior
to change
Class
1. 25,000 Ordinary Shares
2. 225,000 Ordinary Shares
3. 14,044,218 Ordinary Shares
10,000,000 Performance Shares
3. Ordinary Shares
Number acquired
-
Number disposed
3. 1,360,775
3. 350,000
3. Nil
3. $47,262.50
Value/Consideration
includes brokerage/gst
Note: If consideration is non-cash, provide
details and estimated valuation
+ See chapter 19 for defined terms.
Appendix 3Y Page 1
Appendix 3Y
Change of Director’s Interest Notice
No. of securities held after
change
1. 25,000 Ordinary Shares
2. 225,000 Ordinary Shares
3. 12,333,443 Ordinary Shares
10,000,000 Performance Shares
Nature of change
3. Off-market transfer by Director Related Entity to non-related
shareholders of Director Related Entity.
3. On-market sale of shares by Update Pharma for working
capital purposes.
Example: on-market trade, off-market trade,
exercise of options, issue of securities under
dividend reinvestment plan, participation in
buy-back
Part 2 – Change of director’s interests in contracts
Note: In the case of a company, interests which come within paragraph (ii) of the definition of “notifiable interest of a director” should be disclosed
in this part.
Detail of contract
N/A
Nature of interest
N/A
Name of registered holder
(if issued securities)
N/A
Date of change
N/A
No. and class of securities to N/A
which interest related prior to
change
Note: Details are only required for a contract in relation
to which the interest has changed
Interest acquired
N/A
Interest disposed
N/A
Value/Consideration
N/A
Note: If consideration is non-cash, provide details and an
estimated valuation
Interest after change
N/A
Part 3 – +Closed period
Were the interests in the securities or contracts detailed No.
above traded during a +closed period where prior written
clearance was required?
If so, was prior written clearance provided to allow the trade N/A
to proceed during this period?
If prior written clearance was provided, on what date was this N/A
provided?
+ See chapter 19 for defined terms.
Appendix 3Y Page 2
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