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4.94%

38.5¢ hazer group limited

Granted, but seems unlikely. 45. If a scale-back is necessary,...

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wimichie

162 Posts.

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29/09/21

11:04

Post #: 56428417
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Originally posted by bigdaddymoney: ↑

If only it was that simple. From the documentation:

The Plan provides shareholders with an opportunity to buy a parcel of new ordinary fully-paid shares in the Company with no brokerage or commission costs, irrespective of the size of their shareholding, up to a maximum value of $30,000.00 (subject to scale-back by the Company). The total amount raised under the Plan will be capped at a maximum of $7,000,000.32 and will not be underwritten.

Also:
Scale-back of Offer
The Company may, in its absolute discretion, allocate to you less than the number of New Shares you have applied for. The Company expects to exercise this discretion if applications for New Shares under the Plan in aggregate exceed $7,000,000.32. The scale-back shall be at the discretion of the Directors.

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Granted, but seems unlikely.

45. If a scale-back is necessary, the Directors intend in good faith to scale back their own applications and those of their associates first, in order to enable as many non-Related Party shareholders take up their full entitlement as possible.

Guessing this would only happen if a large number of applications, for whatever reason are accepted after the cutoff date, whatever that is determined to be.

HZR Price at posting: 94.0¢ Sentiment: Buy Disclosure: Held
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(20min delay)
Last 38.5¢		Change -0.020(4.94%)		Mkt cap ! $89.74M

Open	High	Low	Value	Volume
40.0¢	40.0¢	38.5¢	$95.11K	242.7K

Buyers (Bids)

No.	Vol.	Price($)
9	31233	38.5¢

Sellers (Offers)

Price($)	Vol.	No.
39.0¢	5769	2

View Market Depth

No.	Vol.	Price($)
10	26389	0.385
7	70394	0.380
3	20000	0.375
6	82078	0.370
2	4108	0.365

Price($)	Vol.	No.
0.390	5769	2
0.395	53631	3
0.400	97532	5
0.405	18378	4
0.410	52966	7

Last trade - 15.22pm 24/06/2024 (20 minute delay)

HZR (ASX) Chart