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Ann: WHA Signs New Agreement to Acquire B&P and Rights Issue, page-59

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  1. 105 Posts.
    lightbulb Created with Sketch. 39
    You're right @Jace1984 - my apologies. I was reading this from an article but the dates clearly don't make sense:

    Rights Issue
    WHA is seeking to secure partial funding for the acquisition of Blend and Pack through a partially underwritten right issue to eligible shareholders of up to approximately 155.60 million shares.It aims to raise a maximum of approximately $62.2 million prior costs with a minimum capital raise of $55 million via four new shares for every five shares held at the record date at an offer price of $0.40 per share.
    WHA is conducting an Extra Ordinary General Meeting on 16 December 2019, allowing the shareholders to vote on the proposed acquisition of B&P, right issue or any shortfall offer associated with right issue.The record date for the right issue is 21 December 2019 with the opening date on 26 November 2019, closing date on 10 December 2019, shortfall offer on 13 December 2019, and issue of new shares on 17 December 2019.
 
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