CRP
02/09/2014 08:30
RIGHT
REL: 0830 HRS Chatham Rock Phosphate Limited
RIGHT: CRP: CRP Rights Issue - Appendix 4 Notice
As previously advised to the market, the Board of Chatham Rock Phosphate
(CRP) has decided to offer a rights issue to shareholders of CRP so as to
extend the current capital raising pricing from qualified investors to all
shareholders. The offer price will therefore be $0.12 per share.
Shareholders on register as at the record date will receive renounceable
rights to two new shares for every seventeen shares held. The rights are
intended to be quoted on the NZAX Market. CRP intends to raise under the
rights issue up to approximately $2.5 million in aggregate.
Applicants under the rights issued will also receive one listed CRPOB option
for every new share that is allotted to them. Applicants may also apply for
additional shares under an oversubscription facility. The facility will be
subject to shortfall availability.
The timetable for the Offer is as follows:
Rights trading commences NZAX Market:
Monday 8 September 2014
Record Date for determining Entitlements:
Wednesday 10 September 2014
Opening Date:
Thursday 11 September 2014
Expected dispatch of document enclosing the Entitlement and Acceptance Forms:
Thursday 11 September 2014
Rights trading ends NZAX Market:
Tuesday 23 September 2014
Closing Date (last day for receipt of the completed Entitlement and
Acceptance Form with payment):
Monday 29 September 2014
Allotment and issue of New Shares & New Options and dispatch of holding
certificates (Issue Date):
Friday 3 October 2014
On behalf of the Board,
Chris Castle
Chief Executive Officer
Email: [email protected]
End CA:00254697 For:CRP Type:RIGHT Time:2014-09-02 08:30:00
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