"(b) a share purchase plan to allow all of its eligible existing shareholders in Australia and New Zealand to subscribe for shares up to a value of $5,000 (SPP). The equity raised under the SPP will be in addition to the $100 MM proceeds from the Placement."
the placement price was $2.60
I suppose we will be getting ours for $2.60 as well.
finally the top up... "(c) a Top-Up offer to eligible shareholders in Australia and New Zealand who would otherwise be diluted by the Placement and SPP (Top-Up Offer)."
I have never heard of this before. sounds like a pretty descent act on behalf of management though
wonder what it might be?
SEK Price at posting:
$2.95 Sentiment: None Disclosure: Held
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