CDU 0.00% 23.5¢ cudeco limited

Ann: Rights Issue Correction, page-2

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  1. 46,818 Posts.
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    Oh Dear ! I dont think is going to be trading again for quite some time ~

    1st October 2015 Correction to Announcement dated 17 September 2015

    The Company in its previous announcement made reference of its intention to refer the Rights Issue to the Takeovers Panel to address shareholder concern regarding the potential effect the issue of new shares may have on the control of the Company (due to the underwriting by substantial shareholders).

    The Company has now been notified by a group of shareholders of their intention to make an application to the Takeovers Panel seeking a declaration that the Rights Issue gives rise to unacceptable circumstances. If such an application is made, the Company will make appropriate submissions to the Takeovers Panel to address those concerns to the extent it is permitted to do so under the Takeovers Panel process. The proposed timetable for the Rights Issue may be delayed by this process. An update to the previous announcement is made accordingly.
 
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Currently unlisted public company.

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