A total of 625 Shareholders (out of a total of 10,078 Eligible Shareholders) participated in the SPP. Valid applications for a total of $5,922,445.50 were received which was above the Company’s target of $5 million. The Company confirms that all valid applications received from Eligible Shareholders under the SPP were accepted in full and that no scale back was undertaken.
not as bad a result as I suspected would result. sure, a low uptake, but adequate to provide the cash needed to fund ongoing production and shows a significant support.
I don't think we should downplay this result Rockfall and bobby.... it may not be a great result, but it's enough. I would have liked to have taken up more units myself as I have confidence in Rajasooriar and think he's done a good job in tough times. as good as could be expected.
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Ann: Results of Share Purchase Plan, page-5
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