Patersons will have to get rid of them somehow.
I'm more interested in what the fee is.
5022 share holders all applying for 714,286 shares ($15k) = ~3.5 billion shares.
Lol, i think that exceeds their placement capacity, no wonder they want to 'refresh' that
KAI also intends to issue a Notice of Meeting in the coming days to refresh its placement
capacity under Chapter 7 of ASX Listing Rules and to issue anySPP shortfall shares to
Patersons under Chapter 7 of ASX Listing Rules. The ratification of the placement is a
procedural matter and the Board has no plans at this point in time to undertake further
placements.
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- Ann: Placement and Underwritten Share Purchase Plan
Ann: Placement and Underwritten Share Purchase Plan, page-7
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