FFX 0.00% 20.0¢ firefinch limited

Ann: Share Purchase Plan to Raise $25 million, page-84

  1. 728 Posts.
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    Is this paragraph implying if we don't participate in this raising we won't be one of the eligible shareholders for the in specie? It seems a little out of place in this announcement since you'd assume all current shareholders would be eligible, regardless of this SPP.

    "The SPP not only affords eligible Firefinch shareholders the opportunity to increase their investment in the Company, should they desire, but for those who remain shareholders at the relevant record date, will also ensure an entitlement to the planned in-specie distribution of Leo Lithium Limited (Leo) shares when Leo is demerged in early 2022. As explained in previous announcements (on 20th October, 2021 and 16th August, 2021) only eligible1 Firefinch shareholders will receive the planned in-specie distribution of Leo shares at no cost as part of the demerger"
 
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