3E.2d Please provide a summary of the significant events that could lead to the underwriting being terminated
The Underwriting Agreement contains termination events considered customary for a transaction of this nature, includingIndices fall): the S&P ASX 200 Index is at any time after the date of the agreement is 7% or more below its respective level as at the close of business on the Business Day prior to the date of the agreement;(Commodities): the price of COMEX gold or NYMEX WTI crude is at any time after the date of the agreement 7% or more below its respective level as at the close of business on the Business Day prior to the date of the agreement;(Price): the issue price is greater than the volume weighted average price of Shares calculated over three consecutive days after the date of the agreement;Full details of the termination events will be set out in the offer prospectus.
So Mahe Capital can easily pull out if XJO down to 7590, or in case of buy/sell of 0.2/0.3 cent where SP close at 0.2 cent. Once the support at 0.3 cent was pulled out. It would happen.
BIT Price at posting:
0.3¢ Sentiment: None Disclosure: Not Held
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Indices fall): the S&P ASX 200 Index is at any time after the date of the agreement is 7% or more below its respective level as at the close of business on the Business Day prior to the date of the agreement;(Commodities): the price of COMEX gold or NYMEX WTI crude is at any time after the date of the agreement 7% or more below its respective level as at the close of business on the Business Day prior to the date of the agreement;(Price): the issue price is greater than the volume weighted average price of Shares calculated over three consecutive days after the date of the agreement;Full details of the termination events will be set out in the offer prospectus.
(20min delay)