ADO 9.09% 2.0¢ anteotech ltd

Ann: Top 20 Fully Paid Ordinary Shareholders, page-18

  1. 5,891 Posts.
    If you look at the numbers below from recent announcement you can see that yesterdays was the issue of the shares from the entitlement not including existing shareholders who were also sub underwriters

    What it does show is that existing shareholders sub underwrote  $6.76m

    These shares are still to be added to the registry IMO

    Also must of been some additional demand as $1.2m was raised as a placement at the same price


    "The Entitlement Issue raised $5,235,210.75 (for 70,042,810 shares) in subscriptions from eligible Anteo shareholders resulting in a shortfall of approximately $6,765,217, which is intended to be satisfied through the subscription by sub-underwriters pursuant to the terms of the Underwriting Agreement previously announced. The Entitlement Issue shares will be issued to shareholders on 29 December, 2015

    The Company and the Underwriter have formal commitments from investors including sub- underwriters, institutional and wholesale investors of approximately $8 million, which, if the conditions of the Underwriting Agreement are satisfied will result in approximately $13.2 million being raised ($12.018 million from the Entitlement Issue and a Share Placement of $1.2 million, which the Directors will undertake on the same terms as the Entitlement Issue to satisfy the additional demand). This amount exceeds the targeted $12.018 million of the Entitlement Issue. The Directors intend to accept all funds committed."
 
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