ATC 5.13% 4.1¢ altech batteries ltd

Ann: Altech - USD15m Equity Support from SMS group, page-11

  1. 237 Posts.
    lightbulb Created with Sketch. 238
    This is a very positive announcement for ATC, showing how confident SMS has in the project,
    except for the missing sentence!!,

    The missing sentence should have said something like:

    "This additional US$11 million capital investment will be issued to SMS at a price per share equal to the lowest price per share that Altech issues new ordinary capital after approval-in-principle and before financial close of the targeted US$ 185 million debt facility."

    Perhaps one of you kind folk with some time available could put that idea to Iggy/Shane please.

    All the best,
    T
 
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