Ann: Company Update-TV2.AX, page-276

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donteatme

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14/05/16

21:01

Post #: 17768762
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Originally posted by accaeric ↑

Quoted from last quarterly report:

Loyalty Option Entitlement Issue

During the quarter, the Directors of the Company resolved to make a pro rata non‐renounceable offer to issue approximately 260,411,320 New Loyalty Options under a new Prospectus at an issue price of $0.0001 cents per new option to raise approximately A$26,041 before expenses.

This entitlement issue is to reward current shareholders and to provide them additional exposure for the companies roll out of its complete entertainment platform, and to provide additional leverage to the Com‐ pany’s low capex / high margin IPTV delivery strategy. The new options will have an exercise price of $0.04 cents per option and an expiry date of 30th March 2019. The New Options are being offered on the basis of one (1) New Option for every four (4) Shares held on the Record Date.

Each Shareholder’s entitlement under the Offer will be set out in the Entitlement and Acceptance Form that will accompany a Prospectus, to be mailed to Shareholders registered at the Record Date, which will be announced to the market shortly.

It is intended that the new options will be listed and the use of funds raised will be allocated for working capital purposes and expenses of the offer.

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You might just be luck acca

Is broker data available yet?

TV2 Price at posting: 3.1¢ Sentiment: Buy Disclosure: Held
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Ann: Company Update-TV2.AX, page-276

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