Constitution
CORPORATIONS ACT 2001
CONSTITUTION
of
Estrella Resources Limited
ACN 151 155 207
Adopted by Special Resolution of the members on 19 November 2019
CONTENTS
1.
INTERPRETATION ............................................................................................................................ 1
1.1
1.2
1.3
1.4
1.5
1.6
1.7
1.8
2.
SHARE CAPITAL AND VARIATION OF RIGHTS ............................................................................. 5
2.1
2.2
2.3
2.4
2.5
2.6
2.7
2.8
2.9
2.10
2.11
2.12
2.13
2.14
2.15
3.
Effect of this Clause.......................................................................................................... 8
Definitions ........................................................................................................................... 8
Minimum Shareholding.................................................................................................... 9
Sale of Listed Securities of Minority Member ............................................................... 9
Acceptance of Offer ....................................................................................................... 9
Appointment of Attorney ............................................................................................. 10
Transfer.............................................................................................................................. 10
Proceeds of Sale ............................................................................................................. 10
Receipt of Proceeds ...................................................................................................... 10
Registration of Purchaser .............................................................................................. 10
Remedies Limited ........................................................................................................... 11
Cost of Sale of Listed Securities.................................................................................... 11
Exemption from clause 3............................................................................................... 11
Notice to Exempt ............................................................................................................ 11
Takeover Offer or Announcement .............................................................................. 11
Use by Company of Clause 3 ...................................................................................... 11
Notice to New Minority Members ............................................................................... 12
UNCERTIFICATED HOLDINGS AND ELECTRONIC TRANSFERS ................................................... 12
4.1
4.2
4.3
4.4
5.
Rights Attaching to Shares .............................................................................................. 5
Issue of Shares ................................................................................................................... 5
Share Options .................................................................................................................... 5
Variation of class rights .................................................................................................... 6
Effect of share issue on class rights ............................................................................... 6
Preference Shares ............................................................................................................ 6
Recognition of Trusts ........................................................................................................ 6
Unregistered Interests....................................................................................................... 6
Share Certificates and Share Option Certificates ..................................................... 6
Section 1071H of the Corporations Act........................................................................ 7
Commissions ...................................................................................................................... 7
Restricted Securities ......................................................................................................... 7
Non-Issue or Cancellation of Certificate ..................................................................... 8
No Prohibition on Foreign Ownership ........................................................................... 8
Payment of Interest out of Capital ............................................................................... 8
MINIMUM SHAREHOLDING .......................................................................................................... 8
3.1
3.2
3.3
3.4
3.5
3.6
3.7
3.8
3.9
3.10
3.11
3.12
3.13
3.14
3.15
3.16
3.17
4.
Definitions ........................................................................................................................... 1
Interpretation .................................................................................................................... 4
Corporations Act Definitions .......................................................................................... 4
Status of Constitution ....................................................................................................... 4
General Authorisation ..................................................................................................... 5
Displacement of Replaceable Rules ............................................................................ 5
Enforceability..................................................................................................................... 5
Jurisdiction ......................................................................................................................... 5
Electronic or Computerised Holding .......................................................................... 12
Statement of Holdings ................................................................................................... 12
Share Certificates ........................................................................................................... 12
Listing Rules ...................................................................................................................... 12
LIEN .............................................................................................................................................. 12
2278793_1_ESR Constitution (adopted)
i
5.1
5.2
5.3
5.4
5.5
5.6
5.7
5.8
5.9
5.10
6.
CALLS ON SHARES ...................................................................................................................... 15
6.1
6.2
6.3
6.4
6.5
6.6
6.7
6.8
6.9
6.10
6.11
6.12
7.
Failure to Pay Call ........................................................................................................... 17
Forfeiture .......................................................................................................................... 17
Sale of Forfeited Shares ................................................................................................. 18
Continuing Liability ......................................................................................................... 18
Officer’s Statement Prima Facie Evidence ............................................................... 18
Procedures ....................................................................................................................... 18
Listing Rules and ASX Settlement Operating Rules .................................................. 18
Waive ................................................................................................................................ 18
TRANSFER OF SHARES ................................................................................................................. 19
8.1
8.2
8.3
8.4
8.5
8.6
8.7
8.8
8.9
8.10
8.11
8.12
8.13
8.14
8.15
9.
Calls ................................................................................................................................... 15
Payment of Calls............................................................................................................. 15
Quoted Shares ................................................................................................................ 16
Unquoted Shares ............................................................................................................ 16
Joint Liability .................................................................................................................... 16
Deemed Calls ................................................................................................................. 16
Differentiation between Shareholders ....................................................................... 16
Payments in Advance of Calls ..................................................................................... 16
Outstanding Moneys ..................................................................................................... 17
Revocation/Postponement or Extension ................................................................... 17
Compliance with Listing Rules and Corporations Act ............................................. 17
Waive ................................................................................................................................ 17
FORFEITURE OF SHARES .............................................................................................................. 17
7.1
7.2
7.3
7.4
7.5
7.6
7.7
7.8
8.
Lien for Members Debts ................................................................................................ 12
Generally .......................................................................................................................... 13
Exemption ........................................................................................................................ 14
Dividends.......................................................................................................................... 14
Sale of Shares .................................................................................................................. 14
Restrictions on Sale ......................................................................................................... 14
Person Authorised to Sign Transfers ............................................................................. 15
Proceeds of Sale ............................................................................................................. 15
Protection of Lien under ASX Settlement Operating Rules .................................... 15
Further Powers re Forfeited Shares and Liens ............................................................ 15
Form of Transfer ............................................................................................................... 19
CHESS Transfers................................................................................................................ 19
Participation in CHESS.................................................................................................... 19
Registration Procedure .................................................................................................. 19
Power to Refuse to Register .......................................................................................... 20
Closure of Register.......................................................................................................... 20
Retention of Transfers by Company ........................................................................... 20
Power to suspend registration of transfers ................................................................. 20
Powers of Attorney ......................................................................................................... 20
Other Securities ............................................................................................................... 20
Branch Register ............................................................................................................... 20
Compliance with ASX Settlement Operating Rules ................................................. 21
Issuer Sponsored Subregister ........................................................................................ 21
Transferor Holds Shares until Registration of Transfer ............................................... 21
Waive ................................................................................................................................ 21
TRANSMISSION OF SHARES ........................................................................................................ 21
9.1
9.2
Death of Shareholder Leaving a Will .......................................................................... 21
Death or Bankruptcy of Shareholder or the Shareholder becomes of unsound
mind .................................................................................................................................. 21
2278793_1_ESR Constitution (adopted)
ii
9.3
9.4
9.5
9.6
9.7
9.8
10.
Registration by Transmission or to Beneficiary ........................................................... 22
Limitations to Apply ........................................................................................................ 22
Death of a Joint Holder ................................................................................................. 22
Joint Personal Representatives .................................................................................... 22
ASX Settlement Transfer ................................................................................................. 22
Joint Holders .................................................................................................................... 22
CHANGES TO CAPITAL STRUCTURE ........................................................................................... 23
10.1
10.2
10.3
10.4
Alterations to Capital ..................................................................................................... 23
Reduction of Capital ..................................................................................................... 23
Buy-Backs ......................................................................................................................... 23
Fractions ........................................................................................................................... 24
11.
WRITTEN RESOLUTIONS ............................................................................................................... 24
12.
GENERAL MEETINGS ................................................................................................................... 24
12.1
12.2
12.3
12.4
12.5
12.6
12.7
12.8
12.9
13.
Convening of General Meetings of Shareholders by Directors’ Resolution ....... 24
Change of place or postponement of a General Meeting of Shareholders .... 24
Convening of General Meetings of Shareholders by a Director or requisition .. 24
Cancellation of a General Meeting of Shareholders ............................................. 25
Notice ............................................................................................................................... 25
Irregularities in giving notice ......................................................................................... 25
Business at General Meeting ........................................................................................ 26
Notice to Home Branch ................................................................................................ 26
Annual General Meeting .............................................................................................. 26
PROCEEDINGS AT GENERAL MEETINGS .................................................................................... 26
13.1
13.2
13.3
13.4
13.5
13.6
13.7
13.8
13.9
13.10
13.11
13.12
13.13
13.14
13.15
13.16
13.17
13.18
13.19
13.20
13.21
13.22
13.23
13.24
13.25
13.26
13.27
13.28
13.29
Quorum ............................................................................................................................ 26
Persons Entitled to Attend a General Meeting ......................................................... 26
Refusal of Admission to Meetings ................................................................................ 27
Insufficient room ............................................................................................................. 27
Chairman ......................................................................................................................... 27
Vacating Chair ............................................................................................................... 27
Disputes Concerning Procedure ................................................................................. 28
General Conduct ........................................................................................................... 28
Adjournment ................................................................................................................... 28
Notice of Resumption of Adjourned Meeting .......................................................... 28
How resolutions are decided ....................................................................................... 28
Casting Vote ................................................................................................................... 28
Voting Rights .................................................................................................................... 28
Voting - Show of Hands ................................................................................................. 29
Results of Voting.............................................................................................................. 29
Poll ..................................................................................................................................... 29
Manner of Taking Poll .................................................................................................... 29
Meeting May Continue ................................................................................................. 29
Voting by Joint Holders ................................................................................................. 29
Shareholder under Disability......................................................................................... 30
Payment of Calls............................................................................................................. 30
Objection to Voting ....................................................................................................... 30
Restrictions on voting ..................................................................................................... 30
Proxies ............................................................................................................................... 30
Electronic Appointment of Proxy ................................................................................ 31
Name of proxy ................................................................................................................ 31
Incomplete proxy appointment .................................................................................. 31
No right to speak or vote if appointing Shareholder present ................................ 32
Rights where 2 proxies or attorneys are appointed ................................................. 32
2278793_1_ESR Constitution (adopted)
iii
13.30
13.31
13.32
13.33
13.34
13.35
13.36
13.37
13.38
13.39
13.40
14.
THE DIRECTORS ............................................................................................................................ 36
14.1
14.2
14.3
14.4
14.5
14.6
14.7
14.8
14.9
14.10
15.
Management of the Company .................................................................................. 39
Borrowings ........................................................................................................................ 39
Attorneys .......................................................................................................................... 40
Cheques, etc. ................................................................................................................. 40
Retirement Benefits for Directors ................................................................................. 40
Securities to Directors or Shareholders ....................................................................... 40
PROCEEDINGS OF DIRECTORS ................................................................................................... 40
16.1
16.2
16.3
16.4
16.5
16.6
16.7
16.8
16.9
16.10
16.11
16.12
16.13
16.14
16.15
16.16
16.17
16.18
16.19
16.20
17.
Number of Directors ....................................................................................................... 36
Rotation of Directors ...................................................................................................... 36
Election of Directors ....................................................................................................... 37
Additional Directors ....................................................................................................... 37
Removal of Director ....................................................................................................... 37
Vacation of Office ......................................................................................................... 38
Remuneration ................................................................................................................. 38
Initial Fees to Directors ................................................................................................... 38
Expenses ........................................................................................................................... 39
No Share Qualification .................................................................................................. 39
POWERS AND DUTIES OF DIRECTORS ........................................................................................ 39
15.1
15.2
15.3
15.4
15.5
15.6
16.
More than 2 proxies or attorneys appointed ............................................................ 32
Proxy Votes ...................................................................................................................... 32
Representatives of Corporate Shareholders ............................................................. 32
More than one Representative present ..................................................................... 33
Rights of Representatives, proxies and attorneys .................................................... 33
Board may determine Direct Voting to apply .......................................................... 33
Direct Voting instrument – form, signature and deposit ......................................... 34
Voting Forms .................................................................................................................... 34
Direct Votes count on a poll ........................................................................................ 35
Withdrawal of a Direct Vote ........................................................................................ 35
Validity of Direct Vote ................................................................................................... 36
Convening a Meeting ................................................................................................... 40
Procedure at Meetings ................................................................................................. 41
Quorum ............................................................................................................................ 41
Secretary May Attend and Be Heard ........................................................................ 41
Majority Decisions ........................................................................................................... 41
Casting Votes .................................................................................................................. 41
Alternate Directors ......................................................................................................... 41
Continuing Directors May Act ..................................................................................... 42
Chairman ......................................................................................................................... 42
Committees ..................................................................................................................... 42
Written Resolutions ......................................................................................................... 43
Defective Appointment ................................................................................................ 43
Directors May Hold Other Offices ............................................................................... 43
Directors May Hold Shares, etc.................................................................................... 43
Directors Not Accountable for Benefits ..................................................................... 44
Disclosure of Interests in Related Matters .................................................................. 44
Disclosure of Shareholding ........................................................................................... 44
Related Body Corporate Contracts ........................................................................... 44
Voting, Affixation of Seal ............................................................................................... 44
Home Branch to be Advised ........................................................................................ 44
MEETING BY INSTANTANEOUS COMMUNICATION DEVICE .................................................... 45
17.1
Meetings to be Effectual .............................................................................................. 45
2278793_1_ESR Constitution (adopted)
iv
17.2
17.3
17.4
18.
MANAGING AND EXECUTIVE DIRECTORS AND SECRETARIES................................................. 46
18.1
18.2
18.3
18.4
18.5
19.
Authorisation of Bonus Share Plan ............................................................................... 52
Amendment and Revocation ..................................................................................... 52
DIVIDEND REINVESTMENT PLAN ................................................................................................. 52
25.1
25.2
26.
Capitalisation .................................................................................................................. 51
Application of Capitalised Amounts .......................................................................... 51
Procedures ....................................................................................................................... 51
BONUS SHARE PLAN ................................................................................................................... 52
24.1
24.2
25.
Dividends.......................................................................................................................... 49
Interim Dividend.............................................................................................................. 49
No Interest ........................................................................................................................ 49
Reserves............................................................................................................................ 49
Carrying forward profits................................................................................................. 49
Alternative Method of Payment of Dividend ........................................................... 49
Shareholders entitled to dividend ............................................................................... 50
Payment of Dividends ................................................................................................... 50
Unclaimed Dividends..................................................................................................... 50
Breach of Restriction Agreement ................................................................................ 51
CAPITALISATION OF PROFITS ..................................................................................................... 51
23.1
23.2
23.3
24.
Minutes to be Kept ......................................................................................................... 48
Signature of Minutes ...................................................................................................... 48
Requirements of the Corporations Act ...................................................................... 48
DIVIDENDS AND RESERVES ......................................................................................................... 49
22.1
22.2
22.3
22.4
22.5
22.6
22.7
22.8
22.9
22.10
23.
Accounting records to be kept ................................................................................... 48
Audit .................................................................................................................................. 48
Inspection ...........................................................
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