IMM 2.94% 33.0¢ immutep limited

Ann: Immutep enters into collaboration with MSD, page-32

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  1. 260 Posts.
    lightbulb Created with Sketch. 20
    I hear your interpretation, but would argue that it is not what the announcement states.

    To me it reads:
    If all Eligible Shareholders subscribed for $15,000 worth, A$10m would be raised.
    As shareholders are "entitled to up to $15,000 worth" some may apply for lesser amounts, thus IMM would raise "up to $10m.

    The announcement does not state shareholders may "apply for up to $15,000" - it states we are entitled to $15,000 worth.

    Any English Professors out there?
 
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