I note that the Announcement today appears to be misleading. It is clearly a simple proof reading error BUT it may not satisfy the strict requirements of the ASX and ASIC
It is clear that the Notice refers to a party being eligible and not being eligible
However the headings have been placed in the wrong location and then followed on by why a shareholder IS eligible (Or as is later shown the converse of that situation)
And we are paying for this standard of management !!
CB
"Under the Entitlement Offer, shareholders that are entitled to participate can subscribe for 5 new fully
paid ordinary shares (
New Shares) for every 12 Central ordinary shares held on the Record Date at an issue price of $0.10 per New Share.
This is a letter to
inform you that you are not an Eligible Shareholder for the purposes of the Entitlement Offer.
Why am I not eligible to participate in the Entitlement Offer?
Shareholders
who are eligible to participate in the Entitlement Offer are those persons who:
- are registered as a holder of fully paid ordinary shares in Central as at 7.00pm (AEST) onWednesday, 16 August 2017 (Record Date);
- have a registered address on the Central share register that is in Australia or New Zealand;
- are not in the United States and are not acting for the account or benefit of a person in the United States with respect to their shares in Central (to the extent such person holds Centralshares for the account or benefit of such person in the United States); and
- are eligible under all applicable securities laws to receive an offer under the Entitlement Offer without any requirement for a prospectus or offer document to be lodged or registered,
(Eligible Shareholder).
Central has determined, pursuant to section 9A(3) of the Corporations Act and Listing Rule 7.7.1(a) of the ASX Listing Rules,
that it would be unreasonable to make offers to shareholders in countries outside of Australia and New Zealand in connection with the Entitlement Offer. This is due to the legal and regulatory requirements in countries other than Australia and New Zealand and the potential costs to Central of complying with these requirements, compared with the relatively small number of shareholders in those countries, the relatively small number of existing Central ordinary shares they hold and the relatively low value of New Shares to which those shareholders would otherwise be entitled to subscribe for.
Unfortunately, according to our records, you do not satisfy the eligibility criteria for an Eligible Shareholder stated above. Accordingly, in compliance with ASX Listing Rule 7.7.1(b) and section 9A(3)(b) of the Corporations Act, this letter is to inform you that Central has determined that you are not an Eligible Shareholder and, therefore, are ineligible to exercise your entitlement to be issued New Shares under the Entitlement Offer.
The Entitlement Offer is non-renounceable and therefore the entitlements that you would have been entitled to, or the underlying shares that you may have subscribed for, will not be offered for sale and no amount will be payable to you. This is not an offer of New Shares to you, nor an invitation for you to apply for New Shares.
You are not required to do anything in response to this letter." 
