EX-99.1 2 a56442exv99w1.htm EX-99.1 exv99w1
Exhibit 99.1
Appendix 3B
New Issue Announcement
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 1/7/96. Origin: Appendix 5. Amended 1/7/98, 1/9/99, 1/7/2000, 30/9/2001, 11/3/2002, 1/1/2003, 24/10/2005.
Name of entity
James Hardie Industries SE
ARBN
097 829 895 Incorporated in The Netherlands. The liability of members is limited.
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     Two separate issues:
•  Ordinary shares/CUFS
•  Restricted Stock Units, being contractual entitlements to be issued ordinary shares/CUFS upon satisfaction of certain conditions
 
           
 
           
           
2
  Number of +securities issued or to be issued (if known) or maximum number which may be issued    
•  353,931 ordinary shares/CUFS granted on 7 June 2010 (US time)
•  807,457 Executive Incentive Program Restricted Stock Units granted on 7 June 2010 (US time)
 
           
 
           
           
3
  Principal terms of the +securities (eg, 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)    
•  353,931 Ordinary shares/CUFS which have no vesting conditions
•  807,457 Executive Incentive Program Restricted Stock Units, a proportion of which will vest on 7 June 2012 depending on each individual holder’s scorecard rating between 0 to 100.
Upon vesting, the holder of a Restricted Stock Unit will be entitled to be issued one ordinary share/CUFS for each Restricted Stock Unit held.
 
           
 
James Hardie Industries SE
     
+ See chapter 19 for defined terms   Appendix 3B — Page 1

 


 

Appendix 3B
New issue Announcement
                   
             
4   Do the +securities rank equally in all respects from the date of allotment 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
   
•  Shares granted: Yes, rank equally with issued ordinary shares/CUFS
•  Restricted Stock Units: Not Applicable
 
           
 
                 
             
5   Issue price or consideration
 
   
•  $7.35, being the average closing price of ordinary shares/CUFS on the 10 business days prior to the grant date
•  No amount payable for shares or Restricted Stock Units
 
           
 
                 
             
6   Purpose of the issue (If issued as consideration for the acquisition of assets, clearly identify those assets)    
•  Shares issued pursuant to vesting of Performance Shares granted to the senior leadership team in lieu of annual cash bonuses under the FY10 Executive Incentive Plan.
•  Restricted Stock Units granted as awards under the 2006 JHISE Long Term Incentive Plan.
 
           
 
                 
             
7   Dates of entering +securities into uncertificated holdings or despatch of certificates     8 June 2010  
           
 
                 
                 
 
        Number     +Class  
               
8
  Number and +class of all +securities quoted on ASX (including the securities in clause 2 if applicable)     434,904,103     Ordinary shares/CUFS  
               
 
James Hardie Industries SE
     
+ See chapter 19 for defined terms   Appendix 3B — Page 2

 


 

Appendix 3B
New issue Announcement
                   
                 
 
        Number     +Class  
                   
9
  Number and +class of all +securities not quoted on ASX (including the securities in clause 2 if applicable)     14,403,463
5,497,278
 
No Stock Options or Restricted Stock Units have been cancelled
    Options
Restricted Stock Units
 
               
 
                 
             
10   Dividend policy (in the case of a trust, distribution policy) on the increased capital (interests)    
•  Shares granted: Rank equally with issued ordinary shares/CUFS
•  Restricted Stock Units: Not entitled to dividends.
 
           
Part 2 — Bonus issue or pro rata issue
             
           
11
  Is security holder approval required?
 
 
    Not applicable  
           
 
           
           
12
  Is the issue renounceable or non-renounceable?     Not applicable  
           
 
           
           
13
  Ratio in which the +securities will be offered     Not applicable  
           
 
           
           
14
  +Class of +securities to which the offer relates     Not applicable  
           
 
           
           
15
  +Record date to determine entitlements     Not applicable  
           
 
           
           
16
  Will holdings on different registers (or subregisters) be aggregated for calculating entitlements?     Not applicable  
           
 
           
           
17
  Policy for deciding entitlements in relation to fractions     Not applicable  
           
 
           
           
18
  Names of countries in which the entity has +security holders who will not be sent new issue documents
 
Note: Security holders must be told how their entitlements are to be dealt with.
 
Cross reference: rule 7.7.
    Not applicable  
           
 
           
           
19
  Closing date for receipt of acceptances or renunciations     Not applicable  
           
 
James Hardie Industries SE
     
+ See chapter 19 for defined terms   Appendix 3B — Page 3

 


 

Appendix 3B
New issue Announcement
             
           
20
  Names of any underwriters     Not applicable  
           
 
           
           
21
  Amount of any underwriting fee or commission     Not applicable  
           
 
           
           
22
  Names of any brokers to the issue     Not applicable  
           
 
           
           
23
  Fee or commission payable to the broker to the issue     Not applicable  
           
 
           
           
24
  Amount of any handling fee payable to brokers who lodge acceptances or renunciations on behalf of +security holders     Not applicable  
           
 
           
           
25
  If the issue is contingent on +security holders’ approval, the date of the meeting     Not applicable  
           
 
           
           
26
  Date entitlement and acceptance form and prospectus or Product Disclosure Statement will be sent to persons entitled     Not applicable  
           
 
           
           
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     Not applicable  
           
 
           
           
28
  Date rights trading will begin (if applicable)     Not applicable  
           
 
           
           
29
  Date rights trading will end (if applicable)     Not applicable  
           
 
           
           
30
  How do +security holders sell their entitlements in full through a broker?     Not applicable  
           
 
           
           
31
  How do +security holders sell part of their entitlements through a broker and accept for the balance?     Not applicable  
           
 
James Hardie Industries SE
     
+ See chapter 19 for defined terms   Appendix 3B — Page 4

 


 

Appendix 3B
New issue Announcement
             
           
32
  How do +security holders dispose of their entitlements (except by sale through a broker)?     Not applicable  
           
 
           
           
33
  +Despatch date     Not applicable  
           
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)
  o   Securities described in Part 1
 
       
(b)
  o   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
  o   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
  o   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
  o   A copy of any trust deed for the additional +securities
 
James Hardie Industries SE
     
+ See chapter 19 for defined terms   Appendix 3B — Page 5

 


 

Appendix 3B
New issue Announcement
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 date of allotment 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)              
                   
 
James Hardie Industries SE
     
+ See chapter 19 for defined terms   Appendix 3B — Page 6

 


 

Appendix 3B
New issue Announcement
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 not available now, 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:
  /s/ Robert E Cox   Date:   8 June 2010    
                 
 
  (Director/Company secretary)            
 
               
Print name:
  Robert E Cox            
                 
 
               
 
James Hardie Industries SE
     
+ See chapter 19 for defined terms   Appendix 3B — Page 7