Scott,
They needed to wait at least 12 months from the last SPP, under ASIC Class Order 09/425. Otherwise, they would have been required to prepare a Prospectus (which is a lot of extra work and extra costs).
Relevant extracts from the current SPP follow:
"This document is not a prospectus."
"This is an Offer Booklet for an offer of continuously quoted securities (as defined in the Corporations Act) of Havilah and has been prepared in accordance with ASIC Class Order 09/425 and the Corporations Act. In broad terms, ASIC Class Order 09/425 relates to share purchase plan offers that do not require the provision of a prospectus or other disclosure document."
"The SPP Offer is being made pursuant to ASIC Class Order 09/425. One of the conditions of that ASIC Class Order is that the SPP Offer must comply with the prescribed subscription limit, which means Eligible Shareholders may only acquire a maximum of $15,000 worth of Shares under a SPP or similar arrangement in any 12-month period.
Havilah has not undertaken any other SPP in the previous 12-month period."
Cheers
These are only my random thoughts and it does not constitute investment advice. DYOResearch.
- Forums
- ASX - By Stock
- HAV
- Ann: HAVILAH SHARE PURCHASE PLAN OFFER BOOKLET
Ann: HAVILAH SHARE PURCHASE PLAN OFFER BOOKLET, page-4
-
- There are more pages in this discussion • 6 more messages in this thread...
You’re viewing a single post only. To view the entire thread just sign in or Join Now (FREE)
Featured News
Add HAV (ASX) to my watchlist
|
|||||
Last
17.5¢ |
Change
0.000(0.00%) |
Mkt cap ! $55.41M |
Open | High | Low | Value | Volume |
0.0¢ | 0.0¢ | 0.0¢ | $0 | 0 |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
3 | 23142 | 17.5¢ |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
18.0¢ | 42105 | 1 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
3 | 23142 | 0.175 |
4 | 121220 | 0.170 |
2 | 120000 | 0.155 |
2 | 28400 | 0.150 |
1 | 35000 | 0.145 |
Price($) | Vol. | No. |
---|---|---|
0.180 | 42105 | 1 |
0.185 | 18970 | 2 |
0.190 | 58211 | 3 |
0.195 | 120000 | 2 |
0.200 | 38035 | 1 |
Last trade - 16.12pm 23/08/2024 (20 minute delay) ? |
Featured News
HAV (ASX) Chart |
Day chart unavailable
The Watchlist
SER
STRATEGIC ENERGY RESOURCES LIMITED
David DeTata, Managing Director
David DeTata
Managing Director
SPONSORED BY The Market Online