Charter Pacific - looking to the future

An Australian investment company, an international focus

Charter Pacific is a diversified investment company and is committed to acting in the best interests of our shareholders.

We look for opportunities in start-ups and restructures in a broad cross section of business sectors where we believe superior returns can be generated long term.

Our current investments are in the mining and resources sector, in particular some major opportunities in iron ore mining and exploration in Mauritania, West Africa.

On 7 October we signed a Share Purchase Agreement under which Charter Pacific will acquire a 100% interest in the business of the Microlatch which comprises of Microlatch Pty Ltd ACN 059 640 747), Securicom (NSW) Pty Limited (ACN 053 874 089) and Microlatch Limited (a UK registered company with Company No 08625097). Microlatch is a leader in the design, and development of mobile biometrics solutions. For additional information on biometrics go to www.biometricupdate.com.

Resignation from ASX listing

Following many months of protracted discussions and correspondence with ASX the Company categorically disagrees with the ASX that in their opinion if the Company proceeds with the acquisition of Microlatch at this time it will not have a structure and operations appropriate for a listed entity and therefore will not qualify for re-instatement to the official list under listing rule 1.1 condition 1.

The Company therefore resolved to resign its ASX listing in terms of Listing Rule 17.11 and in the best interests of the parties to the acquisition and to mitigate further time delays the Company does not intend to seek the approval of security holders for the removal.  The ASX accepted the Company’s resignation and the Company’s securities ceased being listed on the official list of the ASX at the close of business on Friday 12 May 2017.

Admission to National Stock Exchange of Australia Limited (NSX)

The Company will be making an application for admission to the official list of the National Stock Exchange of Australia Limited (NSX) following approval of the proposed acquisition of Microlatch by shareholders.  The Company is confident that it will comply with Section IIA, Chapters 3 and 4 of the NSX Listing Rules following completion of the proposed Microlatch acquisition and its application for listing on NSX will be successful.

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