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$3.00 pilbara minerals limited

Waiting for SSP short fall 25th May!!, page-49

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18/05/16

13:03

Post #: 17801082
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Originally posted by gordongreggy ↑

Not true Australian Securities laws permit $15,000 per shareholder per year in a SPP.

That is 75m people. Maybe we have raised $45m collectively. Certainly permits an increase.

So it could be expanded if management so choose to allow for much larger than $15m in total raised.

Board decision but KB may already have been given veto.

See below from ASIC Regulatory Guide 125

Under our relief, a share purchase plan, under which shares in a listed company are issued, will not require a disclosure document if certain conditions (including the following) are met: (a) the company has complied with its continuous disclosure and financial reporting obligations; (b) subject to special conditions for some custodians, any registered holder is not issued more than $15,000 worth of shares in any consecutive 12- month period; Note: Under [CO 09/425], we have increased the monetary limit from $5000 to $15,000 to reflect the increased size of the average retail trade since 2002 and to align the limit with the ‘small investment’ exemption threshold under s946AA. (c) the issuer lodges with ASX a cleansing notice; Note: This condition has been introduced in [CO 09/425] so that shareholders still have access to additional information not available through continuous disclosure. (d) offers are made only to registered holders of shares in the same class; (e) each offer is made on similar terms and conditions and on a nonrenounceable basis; (f) the issue price is less than the market price during a specified period (determined by the issuer) in the 30 days before either the date of the offer or the date of the issue; (g) the written offer document discloses the method used to calculate the issue price, the relationship between the issue and market price, and the risk that the market price may change between the date of the offer and the date when the securities are issued; and (h) if an issuer chooses to issue shares under a share purchase plan to a registered holder who is a custodian (as defined in [CO 09/425]) for the beneficiaries of that custodian:

Best.

GG

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Lol....well that just ripped My undies as I only requested lots of $10k as I thought it would be oversubscribed and bumped down to $7.5k each.

Ohhh and A big shout out to Ozblue and co for reassurring the newer and nervous investors...I feel very happy with My investment in PLS...but forget that others cant see or believe in how great a company PLS will become.

So thanks Ozblue.

PLS Price at posting: 75.3¢ Sentiment: Buy Disclosure: Held
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(20min delay)
Last $3.00		Change -0.020(0.66%)		Mkt cap ! $9.030B

Open	High	Low	Value	Volume
$3.02	$3.04	$2.98	$40.14M	13.33M

Buyers (Bids)

No.	Vol.	Price($)
17	110363	$3.00

Sellers (Offers)

Price($)	Vol.	No.
$3.01	14732	4

View Market Depth

No.	Vol.	Price($)
16	95559	3.000
24	182683	2.990
59	717256	2.980
23	148300	2.970
33	164459	2.960

Price($)	Vol.	No.
3.010	14732	4
3.020	153469	10
3.030	100786	5
3.040	113166	11
3.050	86986	13

Last trade - 16.10pm 16/07/2024 (20 minute delay)

PLS (ASX) Chart

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