A Share Purchase Plan (SPP) will be offered to eligible shareholders to raise an additional
amount of up to $7 million at an issue price of $1.31 per share (SPP Price), which is the lowest
price possible at this time pursuant to ASX Listing Rule 7.2 (Exception 5). While the Board
was intending to set the SPP Price at the same price as the equity raising, the price had to be
set at a slight increase (of 4c or 3%) in order to meet the requirements of the abovementioned
Listing Rule which allows the shares issued under the SPP to be excluded from the 15%
capacity limit for a placement under Listing Rule 7.1. The underlying reason for this price
difference is the volatility in the Company’s share price over recent weeks.
SPP record date Friday, 24 September 2021
SPP opening date Tuesday, 5 October 2021
SPP closing date Friday, 22 October 2021
Announcement of results of SPP Wednesday, 27 October 2021
Allotment of New Shares under the SPP Friday, 29 October 2021
Normal trading of New Shares issued under the SPP Monday, 1 November 2021
A Share Purchase Plan (SPP) will be offered to eligible...
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Last
$5.38 |
Change
0.060(1.13%) |
Mkt cap ! $1.274B | |||
| Open | High | Low | Value | Volume |
| $5.35 | $5.46 | $5.33 | $2.712M | 504.1K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 629 | $5.34 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $5.38 | 6109 | 1 |
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| Last trade - 16.10pm 21/06/2024 (20 minute delay) ? |
| SLX (ASX) Chart |