STX

2.17%

22.5¢ strike energy limited

Ann: Non-Renounceable Issue closed over subscribed., page-7

First 7 Last

Share
Profile

Follow
JiggyJigs

1,447 Posts.

121

08/12/16

22:19

Post #: 21213179
Share

Originally posted by jake0002 ↑

Goodaye,
It would be my understanding that the shares are allocated in the following manner:
1. s/h are allocated their shares based on their allocation of Rights. so if you have 14 shares you get the Right to acquire 1 new share. That's certain.

2. any Rights not taken up are held within the Top-Up Facility.
The Top-up facility is a Facility provided to s/h, who can subscribe for a portion of those shares not taken up by s/h.
It is a facility for shareholders - not Underwriters.
Directors will participate on the same terms as ordinary s/h.
They will NOT get any benefit we ordinary don't get.
if any directors have zero shares, then they cannot participate at all.
so they will only get their firm allocation of shares like us, and they may/may not subscribe for shares in Top-up Facility, but will not get any priority over us.

When the shares under the Top-up facility are allocated, the shares will be allocated on a pro-rata basis, firstly to shareholders (which may include shareholdings of directors).
IF there were any shares left in Top-Up facility after the allocation to s/h, then it is those shares which would be taken up by Underwriters.

given what we have been told, the Underwriters and Sub-Underwriters will not have to take-up any shares.

from STX:
"Eligible Shareholders will be offered the opportunity to apply for shares in excess of their
entitlement (at the same price as their entitlement, of $0.07 per share) under a ‘Top‐Up
Facility’ comprising any shortfall in acceptances for the Rights Issue (Top‐Up Facility). The
Top‐Up Facility will be provided (to Eligible Shareholders (my words))in priority (ahead of (my words)) to the Underwriter and the sub‐underwriters."

poorly worded by STX, but that is pretty much always how these R/I works.
any doubts suggest someone rings STX.
all just IMHO

cheers

Expand

Thanks for clarifying.

I added some question marks to my comments...largely because it didn't pass the sniff test for me, so was half questioning the outcome portrayed in my post.

Anyways, onwards and upwards...let's see some gas already.

STX Price at posting: 7.5¢ Sentiment: Buy Disclosure: Held
1 Upvote

0 Great analysis

Reply

Top Stories

GDM

Banshee's historic trenches prove rich in antimony and gold for GDM

CLE

Cyclone signs MOU with Vale for development of Iron Bear play

IRX

InhaleRX gains approval for clinical trial to test non-opioid therapy for cancer pain

HotCopper Highlights: Your most watched stocks for Week 46, 2024

BTH

Bigtincan's Board backs Investcorp offer: Why a NASDAQ listing could be game-changing

BNL

Blue Star Helium sees approval for five more wells at 'Galactica/Pegasus' project in Colorado

EEG

NT Gov't delivers environmental approval for Empire Energy's Beetaloo Carpentaria pilot gas play

CUF

CuFe sells its Crossroads gold royalty to Northern Star for $4M cash; says better than waiting for mine launch

Week 46 Wrap: Copper hits 2mth low as Trump threatens net zero pace; US rally fades; HotCopper’s picks

3DA

To make modern missiles, you need 3D Printing. And in that gold rush, Amaero is selling shovels

First 7 Last

Add STX (ASX) to my watchlist

(20min delay)
Last 22.5¢		Change -0.005(2.17%)		Mkt cap ! $644.7M

Open	High	Low	Value	Volume
23.0¢	23.0¢	22.0¢	$501.0K	2.230M

Buyers (Bids)

No.	Vol.	Price($)
27	2046366	22.0¢

Sellers (Offers)

Price($)	Vol.	No.
22.5¢	318000	5

View Market Depth

No.	Vol.	Price($)
27	2046366	0.220
18	775262	0.215
21	1163214	0.210
15	896139	0.205
31	766083	0.200

Price($)	Vol.	No.
0.225	318000	5
0.230	5678801	21
0.235	2397670	30
0.240	2904266	20
0.245	2500130	21

Last trade - 16.10pm 15/11/2024 (20 minute delay)

STX (ASX) Chart

Ann: Non-Renounceable Issue closed over subscribed., page-7

Banshee's historic trenches prove rich in antimony and gold for GDM

Cyclone signs MOU with Vale for development of Iron Bear play

InhaleRX gains approval for clinical trial to test non-opioid therapy for cancer pain

HotCopper Highlights: Your most watched stocks for Week 46, 2024

Bigtincan's Board backs Investcorp offer: Why a NASDAQ listing could be game-changing

Blue Star Helium sees approval for five more wells at 'Galactica/Pegasus' project in Colorado

NT Gov't delivers environmental approval for Empire Energy's Beetaloo Carpentaria pilot gas play

CuFe sells its Crossroads gold royalty to Northern Star for $4M cash; says better than waiting for mine launch

Week 46 Wrap: Copper hits 2mth low as Trump threatens net zero pace; US rally fades; HotCopper’s picks

To make modern missiles, you need 3D Printing. And in that gold rush, Amaero is selling shovels

Featured News

Buyers (Bids)

Sellers (Offers)

Featured News

Ann: Non-Renounceable Issue closed over subscribed., page-7

Top Stories

Banshee's historic trenches prove rich in antimony and gold for GDM

Cyclone signs MOU with Vale for development of Iron Bear play

InhaleRX gains approval for clinical trial to test non-opioid therapy for cancer pain

HotCopper Highlights: Your most watched stocks for Week 46, 2024

Bigtincan's Board backs Investcorp offer: Why a NASDAQ listing could be game-changing

Blue Star Helium sees approval for five more wells at 'Galactica/Pegasus' project in Colorado

NT Gov't delivers environmental approval for Empire Energy's Beetaloo Carpentaria pilot gas play

CuFe sells its Crossroads gold royalty to Northern Star for $4M cash; says better than waiting for mine launch

Week 46 Wrap: Copper hits 2mth low as Trump threatens net zero pace; US rally fades; HotCopper’s picks

To make modern missiles, you need 3D Printing. And in that gold rush, Amaero is selling shovels

Featured News

Buyers (Bids)

Sellers (Offers)

Featured News