Patersons Securities Limited (the Underwriter) has agreed, subject to execution of an underwriting agreement, to fully underwrite the Entitlement Offer. Sub- underwriters to the Entitlement Offer will be entitled to subscribe for one (1) free Option for every two (2) shares of sub-underwriting subscriptions committed. This could result in a further 106,801,802 Options being issued. The issue of these Options will be subject to shareholder approval at a general meeting to be held in November.
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