Read this from page 7 of the prospectus moredapper:
"If all Eligible Shareholders do not take up all of their Rights under the Rights Issue, there will be a Shortfall. Southern Cross has agreed to fully underwrite the Rights Issue. The Rights Issue is fully sub-underwritten by Azure Capital Pty Ltd (Azure) pursuant to a sub-underwriting
agreement between Southern Cross and Azure (Sub-underwriting Agreement). Pursuant to, and subject to the terms of, the Sub-underwriting Agreement, Azure will subscribe for the entire Shortfall. Nexus understands that SDB Limited, an Associate of Symon Drake-Brockman (a Proposed Director of Nexus) and Viking Energy Holdings II Ltd, an Associate of Conrad Clauson (a Proposed Director of Nexus), have entered into sub-underwriting arrangements, pursuant to which SDB Limited will be allocated up to 55,909,090 Shortfall Shares and Viking Energy Holdings II Ltd will be allocated up to 44,090,910 Shortfall Shares."
All unsubscribed shares will be taken by Azure, SDB and Viking. Your chance of getting extra shares is ummm about zero.
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No. | Vol. | Price($) |
---|---|---|
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Price($) | Vol. | No. |
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No. | Vol. | Price($) |
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1 | 8044 | 0.195 |
2 | 17957 | 0.190 |
5 | 76783 | 0.185 |
6 | 118894 | 0.180 |
2 | 23800 | 0.175 |
Price($) | Vol. | No. |
---|---|---|
0.225 | 5000 | 1 |
0.230 | 1298 | 1 |
0.240 | 41438 | 1 |
0.245 | 400 | 1 |
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