PER 1.23% 8.0¢ percheron therapeutics limited

$36.8m raise, page-207

  1. 169 Posts.
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    Standard procedure Jakjazz - nothing untoward going on here. Instos and sophisticated investors get access to the term sheet on Friday as part of the CR. The bookbuild occurred on Friday for the first part of the CR. There will be an Entitlement offer for retail holders following... and this will be announced before it comes out of TH.

    The fact that the company is in Trading Halt means that nobody can trade any of this information so it isn't a massive leak as you suspect. Just the TH doing exactly what it is meant to.

    The info shared was accurate as of Friday... that being said IT HASN'T BEEN ANNOUNCED BY THE COMPANY so small parts of the Term Sheet that was presented to instos/sophs can be varied before it is formally announced to market. e.g. they can decide to take MORE from the instos if they are throwing money at it, and as result may vary the entitlement offer from 1:7 to something else... or just decide to take all the cash on offer which may change the dilution in a small way.

    Either way... take the information shared as being accurate at the time (not that you can do anything with that info in TH anyway) but not official yet.

    I have made a comment on the "$15m Raise" talking a little more about it.

    I hope that helps mate.
 
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