You guys are mixing up the CR and the SPP
Capital raising is via Citi targeting $100mill with a floor of $15.75 per share. This is via a broker and targeting institutions
Following the CR will be a Shareholder Purchase Plan (SPP)
This will be sent to all shareholders as of yesterday’s close within 2 weeks. You will have about a month to subscribe with a min of $2000 and a max of $15000. Total SPP is capped at $20mill
As mentioned by someone else. This is likely to be oversubscribed and scaled back
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- Ann: International Expansion Progresses and Capital Raising
Ann: International Expansion Progresses and Capital Raising, page-9
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