details of SPP from ASX Announcement (ASX: AXE) 7 October...

details of SPP from
ASX Announcement (ASX: AXE) 7 October 2021
Share Purchase Plan Offer Document

"3. Raising Amount and Scaleback
The SPP is targeting to raise $5,000,000, however the Company reserves absolute discretion regarding the final
amount raised under the Plan. If total demand for the SPP exceeds $5,000,000, then the Company reserves the
right to:
(a) elect to increase the amount raised (subject to the maximum amount permitted under the ASX Listing
Rules); or
(b) close the SPP early and scale back Applications. When determining the amount (if any) by which to scale
back an Application, the Company may take into account a number of factors, including the size of an
applicant’s shareholding, the extent to which Eligible Shareholders have sold or bought additional Shares
after the Record Date and the date an Application was made. Eligible Shareholders are therefore
encouraged to submit their Applications early"



3(b) explains how the Company will consider Scaleback