ST1 0.00% 5.2¢ spirit technology solutions ltd

Ann: Spirit raises $9.2M in Placement & Expands CBA Debt Facility, page-5

  1. 60 Posts.
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    My understanding is that ST1 have to follow up with an SPP offer: Go to livewiremarkets.com:
    https://www.livewiremarkets.com/wires/equity-investors-face-mass-dilution-from-supersized-capital-raisings

    It includes the following text:

    'On 31 March 2020 ASIC and ASX announced temporary emergency capital raising relief to help facilitate capital raisings. The relief allows issuers to selectively issue 25% of new shares (previously 15%) provided that they make an entitlement offer or SPP as a follow-on to the placement at the same or lower price. The regime expires on 31 July 2020 unless the ASX determines to remove or extend the relief.'
 
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