No you don't have to do anything. If you own the shares by the close of business today, you are entitled to participate in the offer.
The prospectus and acceptance form will be dispatched to you on 21st June.
The closing date for the offer is July 12th, so if you want to participate you will need to accept the offer and remit your funds by that date. The shares should be issued on 19th July, which should also be the date when you get the options. You will have 2 years to decide on whether you want to convert the options into shares (by paying 13.5 cents per share) or not.
As I understand it, everyone who is entitled to the shares will get their shares, so you do not need to take up the offer as soon as you get the acceptance form but can wait until near the closing date. Can someone correct me if I am wrong on that. I am a bit confused by this date in the prospectus:
Entitlement Offer Notification of Shortfall 13th July.
When I have time I will read through the prospectus and see if it explains it. This is the prospectus
https://wcsecure.weblink.com.au/pdf/VXR/02383692.pdf
Ann: Entitlement Offer Prospectus, page-32
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Last
$2.36 |
Change
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Mkt cap ! $571.4M | |||
| Open | High | Low | Value | Volume |
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Buyers (Bids)
| No. | Vol. | Price($) |
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| 7 | 5886 | $2.35 |
Sellers (Offers)
| Price($) | Vol. | No. |
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| $2.37 | 13462 | 20 |
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Change
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