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Reckon a Change of Control would be a takeover of the company,...

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Green Hornet

8,174 Posts.

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30/04/18

22:38

Post #: 32784373
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Originally posted by Transplant ↑

Extract from the Prospectus (page 92) defines the expiry:

Section 14.2

Milestone A must be achieved on or before 5pm on the date which is 14 days after the release of the audited financial reports for the third full financial year after Completion being financial year 2017/2018.

Interstingly Clause 14.2 goes on to state that if there is a Change of Control Event prior to this expiry, the aggregate of Class A, B & C shares is pro-rated so that in aggregate they equal 10% of the entire fully diluted share capital of the company.

Do the capital raising events count as Change of Control Events ?
This is getting beyond my level of competence to work out.

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Reckon a Change of Control would be a takeover of the company, that the way I read it all but could be totally wrong. Think most have us have thought it all expires one way or the other at end of this quarter.

ISX Price at posting: 16.0¢ Sentiment: Buy Disclosure: Held
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