"Top-Up Facility
Eligible Shareholders who take up their Entitlements in full may also apply for Additional New
Shares in a 'top-up' facility (Top-Up Facility). Please note that New Shares in excess of
Entitlements will only be allocated to Eligible Shareholders if and to the extent that the Company
determines in its absolute discretion based on the Allocation Policy outlined below.
Any New Shares in excess of Entitlements will be limited by the Allocation Policy and also to the
extent that there are sufficient New Shares from Eligible Shareholders who do not take up their full
Entitlements. Subject to the following, the Company may scale back Applications under the TopUp Facility in its absolute discretion in accordance with Section 2.6.
Allocation Policy
The Allocation Policy is that each Eligible Shareholder that:
takes up their Entitlement in full; and
subscribes for Additional New Shares under the Top-Up Facility,
will be allocated a number of Additional New Shares that is the number of Additional New Shares
subscribed for by that Eligible Shareholder. There will be no cap applied to Applications to the
Top-Up Facility, although allocations may be scaled-back if the Top-Up Facility is oversubscribed.
In addition, Eligible Shareholders should be aware that:
there is no guarantee that any Application in the Top-Up Facility will be successful and the
Company reserves the right to issue any shortfall by way of the Top-Up Facility or by other
means and reserves the right to satisfy Applications in the Top-Up Facility at its sole and
complete discretion, including by applying a scale-back mechanism;
the Top-Up Facility has the same closing date as the Entitlement Offer (being, 29 November
2021);
the issue price of Additional New Shares under the Top-Up Facility is the same as the Issue
Price, $0.24 per Additional New Share; and
the Company will not issue Additional New Shares under the Top-Up Facility where to do so
would result in a breach of its constitution, the Corporations Act or the ASX Listing Rules.
2.6 Scale back
If there are oversubscription Applications under the Top-Up Facility, the Company reserves the
right to scale back applications for Additional New Shares in its absolute discretion. It is the
Company's intention that any scale back arrangements will be made having regard to the pro rata
shareholdings of Eligible Shareholders who apply for Shares under the Entitlement Offer.
However, the Company may in its absolute discretion determine to apply the scale back to the
extent and in the matter it sees fit, which may include taking into account a number of factors such
as the size of shareholdings at the Record Date, the extent to which Shares have been sold or
purchased since the Record Date, the date on which an Application was made and the total
Applications received from Eligible Shareholders.
In the event of a scale back, the difference between the Application Monies received, and the
number of Additional New Shares allocated to you multiplied by the Offer Price will be refunded
following allotment. No interest will be paid on any Application Monies received and returned."
Section 2.5 of the prospectus. i guess its go hard or go home right. Will have to try my hand at this.
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Last
10.0¢ |
Change
-0.005(4.76%) |
Mkt cap ! $90.15M |
Open | High | Low | Value | Volume |
11.0¢ | 11.0¢ | 10.0¢ | $54.97K | 528.8K |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
9 | 396468 | 10.0¢ |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
10.5¢ | 99708 | 1 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
9 | 396468 | 0.100 |
1 | 13154 | 0.099 |
1 | 13000 | 0.098 |
4 | 190927 | 0.097 |
1 | 10004 | 0.096 |
Price($) | Vol. | No. |
---|---|---|
0.105 | 99708 | 1 |
0.110 | 258351 | 2 |
0.115 | 618332 | 6 |
0.120 | 380100 | 8 |
0.125 | 110429 | 2 |
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