Spoke to Len re suspension- main points were;
Needs more time to finalise the placement, set at 7.2c.
Not sure how many they will issue, can go up to 130m
Has to offer a discount.
The credit line is available but prefers equity placement to institutions
Insolvency not an issue, has fielded many calls about this.
Re-ignition will be announced to the market, but wouldn't be drawn on a date.
Ann: Suspension from Official Quotation , page-3
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