d. Interests associated with Mr Peter Anastasiou (which in aggregate are already a substantial IMC shareholder) have agreed to support the Rights Issue by undertaking to participate in the underwriting by Patersons Securities Limited. If there is a substantial shortfall after both the Rights Issue Offer and the Shortfall Offer, the Anastasiou Associates pursuant to their sub-underwriting commitments could move to a position of significant control in respect of IMC shares of between 22.68% and 30.74% in the circumstances of a 100% shortfall, with the percentage of ownership dependent upon the level the Anastasiou Associates take up of their entitlements in the New Shares applied for under the Offers and the amount of New Shares placed pursuant to the underwriting arrangements.
Cheers markco2
IMC Price at posting:
0.4¢ Sentiment: LT Buy Disclosure: Held
