Hi All
If your a new investor I get the buying on market. but if like me you are a long term holder (since 2016) it would be good to remember that this rights
issue 1:35 is just not the end of it. You are also allowed to apply for as many extra shares as you wish ( see below ) From my perspective I would
rather the company (Sayona) sell me all that I can afford , Presumably Brett has a plan that we are not aware of just yet. Of course everyone must
do what they see as in their own best interest. There is always the risk of being scaled back thus far it hasn't happened to me.
KEY FEATURES OF THE RIGHTS ISSUE
Summary of Rights Issue
Issue Price 14.5 cents ($0.145) per New Share.
Discount 17 % to Sayona's closing price of $0.175 on 29 September 2021.
14.7 % to the theoretical ex-rights price (TERP).
Entitlement One (1) New Share for every thirty-five (35) Shares held on the
Record Date (6pm (Brisbane time) on 7 October 2021).
Amount to be raised
under the Rights Issue
$25,479,072
Approximate New Shares
available under the Rights
Issue
175,717,738 New Shares.
Additional New Shares
available under the Rights
Issue
Eligible Shareholders may apply for New Shares in excess of their
Entitlement. The Company may scale back applications for
Additional New Shares in its absolute discretion, but will not scale
back any Entitlement. If the Company scales back applications for
Additional New Shares, excess funds will be returned to applicants
without deduction of interest in accordance with section 3.4.
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47 | 12679568 | 0.029 |
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23 | 4437567 | 0.027 |
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