Ann: Fully Underwritten Rights Issue, page-2

Interesting, no discount to the prevailing share price. Looks like the underwriters/sub-underwriters will get the vast majority of these shares.

I plan to take up my entitlement in full, but very unlikely to be taking up any extras this time around.

This raising will give the company the funds they need to last them until the Investment Tax Credit changes bill is enacted. Whilst the CER impact on the configuration of Saddle Hills they do not directly impact the CCUS projects so fingers crossed we should get funding for KDP in the June quarter once the ITC funding is certain.

Edit: The CER will have an impact, but provided there are no significant changes to the draft regs then the impact on the CCUS projects would be very, very minimal.