The underwriter[ Mahe Capital Pty Ltd (or nominees)] of the issue guaranteed that AU$ 7,225,975 (or 555,844,230 rights to shares after payment of 1.3cents): See page 9 of the prospectus.
- T0 @Stock12345
The major details can be found on page 37 it gives the details of the underwriter:
On 20 May 2021, the Company and the Underwriter entered into an underwriting agreement (Underwriting Agreement), pursuant to which the Underwriter agreed to underwrite the Offer for 555,844,230 Shares and 277,922,115 New Options (Underwritten Securities) totalling $7,225,975 (Underwritten Amount).
Pursuant to the Underwriting Agreement, the Company has agreed to:
(a) pay a lead manager fee of $60,000, which, on mutual agreement between the Company and the Underwriter, may be satisfied by the issue of Shares to Mahe Capital Pty Ltd (or nominees) from the shortfall under the Offer.
(b) pay a management fee of 1% of the total amount raised under the Offer, which, on mutual agreement between the Company and the Underwriter, may be satisfied by the issue of Shares to Mahe Capital Pty Ltd (or nominees) from the shortfall under the Offer;
(c) pay an underwriting fee of 5% of the Underwritten Amount;
(d) pay a placement fee of 5% of any shortfall securities placed beyond the Underwritten Amount. This will apply to any amount that might be placed in addition to the amount raised under the Offer; and
(e) pay a termination fee of $20,000 in the event that the Underwriting Agreement is terminated by the Underwriter in accordance with the Underwriter termination clauses contained in the Underwriting Agreement and listed below ....
Hope this helps Stock12345
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