They can bolt on a SPP or pro-rata entitlement in addition to the 15%
The SPP being the same price as the placement makes sense otherwise holders would be chuffed.
For some perspective of placement + spp
We were .115 p/share prior to raise, add 20% dilution that equates to .092 p/s
+ 20 mill new cash div by 1708mill (new total shares) = .0117 p/s
= .1037 p/s
Ann: Up to A$20 Million Equity Raising, page-116
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Mkt cap ! $78.16M | |||
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