Skin in the game...
Prospectus – transaction specific for a non-renounceable rights issue (shares only)As outlined in Section 2.7, the Directors (through nominee entities) have enteredinto agreements with the Underwriter to sub-underwrite the Entitlement Offer upto 240,000 Shares and 120,000 New Options as follows:
(a) Jon Reynolds through his nominee entity has agreed to sub-underwritethe Entitlement Offer up to a value of $4,000 (being 80,000 Shares and40,000 New Options);
(b) Graeme Purcell as agreed to sub-underwrite the Entitlement Offer up toa value of $6,500 (being 130,000 Shares and 65,000 New Options); and
(c) James Barrie as agreed to sub-underwrite the Entitlement Offer up to avalue of $1,500 (being 30,000 Shares and 15,000 New Options).
Upon completion of the Entitlement Offer and assuming the full sub-underwritingcommitments are satisfied and the maximum subscription is achieved, therelevant interests of each of the Directors could be as follows:
(a) 0.69% for Jon Reynolds;
(b) 0.10% for Graeme Purcell; and
(c) 0.12% for James Barrie; and
(d) 0.63% for Domenic De Marco.
