In order to ensure retail shareholders are able to participate in the Company’s capital raising, the SPP will be undertaken to raise $1 million at the same Issue Price as the Placement. The SPP is to be fully underwritten by Patersons.
Under the SPP, eligible Argosy shareholders will be invited to subscribe for new ordinary shares in Argosy at the Issue Price of 7.3 cents each up to a maximum of A$15,000 per shareholder.
Participation in the SPP will be open to shareholders who are registered holders of Argosy shares at 5pm (WST) on the Record Date of 22 May 2017 and whose registered address is in Australia or New Zealand.
Further details of the SPP, including in relation to the eligibility requirements, will be released on the ASX and distributed to eligible Argosy shareholders shortly.
I am new at this and i would love to participate in the SPP. Will i get an invite? Can anybody explain please.
AGY Price at posting:
8.9¢ Sentiment: Buy Disclosure: Held
A personalised tool to help users track selected stocks. Delivering real-time notifications on price updates, announcements, and performance stats on each to help make informed investment decisions.
(20min delay)