LLL Demerger and Offer - Consolidated Thread, page-63

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lexcorp

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01/05/22

21:13

Post #: 61134421
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Originally posted by lexcorp ↑

Under the Demerger, subject to shareholder approval, Eligible Firefinch Shareholders at the Demerger Record
Date (Monday, 6 June 2022) will retain their Firefinch Shares and will also receive Leo Lithium Shares on a 1 for
1.4 basis at no cost. Firefinch Shareholders will be free to trade these Leo Lithium Shares independently of
Firefinch Shares once Leo Lithium is listed on the ASX (ASX:LLL). Eligible Firefinch Shareholders include
Firefinch shareholders with an address in Australia, New Zealand and other eligible jurisdictions as listed in
Section 2.27 of the Notice.
In connection with the Demerger, Leo Lithium intends to undertake the following offers set out below and to apply
for admission to the Official List and for quotation of the Leo Lithium Shares on ASX. The offers are made under
a prospectus lodged by Leo Lithium on 29 April 2022 (Leo Lithium Prospectus).  a pro-rata priority offer to Eligible Firefinch Shareholders of up to 114.35 million Leo Lithium Shares on the
basis of 1 Leo Lithium Share for every 10.33 Firefinch Shares held by Eligible Firefinch Shareholders at
5.00pm on Thursday, 5 May 2022, at an issue price of $0.70 per Share to raise up to $80 million (before
expenses);
 an additional offer to Eligible Firefinch Shareholders and new investors of Shares from any Shortfall under the
Pro-rata Offer at an issue price of $0.70 per Share; and
 an offer to Firefinch of up to 28.57 million Shares at an issue price of $0.70 per Share to Firefinch to raise up
to $20 million

Maybe the company has made a mistake here?

I'm not sure but there appears to be two dates for the 1:1.4 and 1:10.33

Expand

So I think this is pretty smart by the company.

To participate and get the 1 from every 10.33 ffx shares the record date is the 5th May

To participate and get the 1 from every 1.4 ffx shares the record date is the 6th June

Last edited by lexcorp: 01/05/22

FFX Price at posting: $1.12 Sentiment: Buy Disclosure: Held
1 Upvote

0 Great analysis

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LLL Demerger and Offer - Consolidated Thread, page-63

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