ALC .. I know the whole paper check issue is a debacle for you
@Tarvold .. I assume you have gone through the grist mill with Computershare over this? IG sent the invite email just now 9:11am 26-Apr-2021.
Alcidion Group Limited has announced a Share Purchase Plan (SPP) whereby eligible shareholders have the opportunity to purchase up to a maximum of AUD 30,000 worth of shares.
Please ensure the correct amount of funds are in your share trading account at the time of instructing, or the request may fail.
THE ISSUE PRICE WILL BE AUD 0.32
ELIGIBLE HOLDERS MAY APPLY FOR A PARCEL OF NEW SHARES IN 3,125 SHARES INCREMENTS FROM A MINIMUM OF 3,125 SHARES UP TO A MAXIMUM OF 93,750 SHARES
THE OFFER UNDER THE SPP NEEDS TO COMPLY WITH THE LIMIT IN THE ASIC CORPORATIONS INSTRUMENT. UNDER THE CORPORATIONS INSTRUMENT, ELIGIBLE SHAREHOLDERS MAY ONLY ACQUIRE A MAXIMUM OF AUD30,000 WORTH OF SHARES UNDER A SPP IN ANY 12 MONTH PERIOD.
SHAREHOLDERS WHO WILL BE ELIGIBLE TO APPLY FOR SHARES UNDER THE OFFER ARE THOSE THAT ARE, (A). RECORDED ON THE COMPANY’S REGISTER AS AT THE RECORD DATE, AND (B) HAVE AN ADDRESS IN AUSTRALIA AND NEW ZEALAND. THE SHARES TO BE ISSUED UNDER THIS OFFER MAY NOT BE OFFERED TO SHAREHOLDERS LOCATED IN THE UNITED STATES OR TO SHAREHOLDERS WHO ARE, OR WHO ARE ACTING FOR THE ACCOUNT OR BENEFIT OF U.S.PERSONS AS DEFINED IN REGULATIONS UNDER THE SECURITIES ACT.
THE CASH APPLICATION AMOUNTS ADVISED ABOVE WILL BE PAID IN WHOLE TO THE COMPANY PER THE TERMS OF THE OFFER FOR EACH APPLICATION. AS A RESULT, FUNDS WILL BE DEBITED FROM YOUR ACCOUNT BASED ON THE QUOTED CASH APPLICATION AMOUNTS AND NOT BASED UPON THE SPP APPLICATION PRICE AGAINST THE RESULTANT SHARES TO BE RECEIVED. THIS MAY RESULT IN ROUNDINGS OF EITHER SHARES OR CASH BASED ON THE PRICE CALCULATION AND THESE ROUNDINGS WILL BE TREATED AT THE COMPANIES DISCRETION.
ALLOCATION OF NEW SHARES WILL BE AT THE SOLE DISCRETION OF THE COMPANY AND MAY BE SUBJECT TO SCALE BACK. ANY SCALE BACK WILL BE APPLIED IN ACCORDANCE WITH THE TERMS AND CONDITIONS OF THE OFFER, AND MAY BE MADE ON THE BASIS OF THE RESTRICTION LEVEL (REGISTERED OR UNDERLYING BENEFICIARY LEVEL).
WE EXPECT TO CREDIT THE SHARES ON 17.05.2021 (SUBJECT TO CHANGE AND DELAY AS WE WAIT FOR OUR CUSTODIAN TO DETERMINE HOW THE SHARES SHOULD BE ALLOCATED TO BENEFICIAL OWNERS).
UNSUCCESSFUL APPLICATIONS WILL BE REFUNDED BACK AS SOON AS PRACTICAL WITHOUT INTEREST, AND PROCEEDS MAY BE SUBJECT TO ROUNDING AT THE COMPANIES DISCRETION.
THE COMPANY MAY SCALE BACK APPLICATIONS ON A PRO RATA BASIS OR MAY CHOSE TO PROCESS SHAREHOLDER APPLICATIONS ON A FIRST COME FIRST SERVED BASIS.
BY SUBMITTING AN INSTRUCTION TO ACCEPT THE OFFER YOU CONFIRM YOU HAVE READ AND AGREE TO THE TERMS AND CONDITIONS OF THE SPP SET OUT IN THIS ANNOUNCEMENT.
To take part in the SPP,please instruct by replying to this email from your registered email address before the IG deadline of 12pm AEST on the 04.05.2021advising the number of shares you wish to subscribe
