(c) The value of Capricorn’s investment portfolio may fluctuate
As per the Half Year Report as at 3 December 2024 Capricorn’s assets include
an investment and property portfolio (including investments in unit trusts,
bonds, hybrid securities, venture capital funds and unlisted shares) of $199.5
million compared to $207.8 million as at 30 June 2024 and $183.4 million as at
30 June 2023. On 29 January 2024, Capricorn entered into an agreement to
subscribe to $7,175,000 worth of shares in ASX listed company Spenda Ltd.
As a result of the subscription Capricorn has become a substantial shareholder
in Spenda Ltd and this matter was disclosed as required to the ASX. In addition
to this subscription, Capricorn made on-market share purchases and the total
number of shares it now holds is 626,575,206. In November 2024, Spenda Ltd
issued Capricorn an Option to purchase 100,000,000 shares at an exercise
price of $0.0175 with an expiry date of 12 months from the date of issue.
The
Option agreement has not been exercised.https://www.capricorn.coop/-/media/project/csl/capricorn/corporate-documents/australia/shareholder-information/prospectus-and-application-form.pdfSee page 53.Meaning as it stands Capricorn have not waivered there rights to revenue share as they have not exercised the options.
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