Originally posted by spendit:
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The Entitlement Offer was strongly supported by eligible shareholders, who applied for
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Agree Company) is seeking to raise approximately $1.95 million (before costs), through a fully
underwritten non-renounceable pro-rata offer to Eligible Shareholders on the basis of 3 new
Shares for every 7 Shares held on the Record Date, at an issue price of $0.10 (10 cents) per
new Share, together with 1 free-attaching Quoted Option for every 1 new Share subscribed
for (Entitlement Offer). Each Quoted Option is the same class as the company’s existing
Quoted Options (MTMO), having an exercise price of $0.25 (25 cents) and an expiry date of
26 November 2024.
Eligible Shareholders may also apply (in excess of their Entitlement) for new Shares and
attaching Quoted Options not subscribed for by other Eligible Shareholders pursuant to the
Entitlement Offer (Top-Up Offer), on the same terms as the Entitlement Offer.
(20min delay)