Being located in Europe it really worries me how foreign shareholders are left aside. For a 4% capital raise it may be borderline acceptable to limit it to AUS/NZL as it comes at a cost to include as much countries as possible. On the other hand, especially with the demerger being that close, it emphasises how much they give on overseas holders - a sh**t. LKE made there options eligible to all jurisdictions they could and I was happy to participate. As did IMU with their SPP.
Dear FFX-board: If you want to become respected as a GLOBALLY ATTRACTIVE company and not just as an ASX-only-play you better get clarity of what your below footnote EXACTLY means well ahead of the LLL demerger.
Footnote: "1 Eligible Firefinch shareholders with a registered address in Australia, New Zealand, or a qualifying jurisdiction. Subject to foreign law advice, it is Firefinch’s current intention to be as inclusive as reasonably practicable in determining qualifying jurisdictions."
FFX Price at posting:
61.0¢ Sentiment: None Disclosure: Held