PLS 2.08% $2.95 pilbara minerals limited

Ann: Conditional Agreement to Acquire Altura Lithium Operations, page-257

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  1. 4 Posts.
    The following is provided:

    AustralianSuper and RCF VII in aggregate agreeing to subscribe for a A$119 million placement and sub-underwrite a A$121 million non-renounceable entitlement offer at a fixed price of A$0.36 per share, which represents a 7.7% discount to Pilbara Minerals’ last traded price of A$0.39 per share and a 11.4% discount to the 5 day VWAP (both calculated at market close on 27 October 2020).

    Couple of questions (i apologise if these are basic)
    Q1) Are all shareholders entitled to the non-renouceable A$121 million @0.36c offer or is it just AustralianSuper and RCF VII personnel?
    If shareholders can purchase:

    Q2) Will it be fixed amount of shares you can purchase?
    Q3) How do they determine which shareholders are entitled? (i.e. as a shareholder since August 2020, will i be entitled?)
    Q4) Will it be a 'rush' among the shareholders to get in @0.36c?

    Thanks all
 
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$2.95
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$2.91 $2.95 $2.80 $37.16M 12.90M

Buyers (Bids)

No. Vol. Price($)
2 145182 $2.93
 

Sellers (Offers)

Price($) Vol. No.
$2.95 119681 14
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