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38.0¢ talga group ltd

may be mentioned below but it’s not an SPP, it’s a Prospectus....

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Kalm4h

278 Posts.

26

03/08/24

09:51

Post #: 75054636
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Originally posted by tt2000: ↑

You might want to freshen up with ASIC's requirements champ

https://asic.gov.au/about-asic/corp...ance-update/corporate-finance-update-issue-6/

What has been stated by Talga below contravenes ASIC's Issue 6
"In the event the Prospectus Offer is oversubscribed, the Company may apply scale backs. In conducting any scale back, the Board may take into account a number of factors including the date that the applications are received and the extent to which the applicant has sold or purchased Shares since the Record Date. This means that the Company may reject certain applications, in whole or in part. Accordingly, Talga encourages Eligible Shareholders who wish to participate to act promptly when the Prospectus Offer opens."

The document does not explain the scale back and offers significant discretion to the Board.

ASIC do need to be informed about this - disgraceful.
Thank you for prompting me to look into it further

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may be mentioned below but it’s not an SPP, it’s a Prospectus. Different

TLG Price at posting: 41.5¢ Sentiment: Hold Disclosure: Held
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Last 38.0¢		Change 0.000(0.00%)		Mkt cap ! $162.9M

Open	High	Low	Value	Volume
38.0¢	38.0¢	36.5¢	$264.8K	710.0K

Buyers (Bids)

No.	Vol.	Price($)
4	43637	36.5¢

Sellers (Offers)

Price($)	Vol.	No.
38.0¢	47600	1

View Market Depth

No.	Vol.	Price($)
4	43637	0.365
16	141685	0.360
5	45860	0.355
12	68707	0.350
2	11000	0.345

Price($)	Vol.	No.
0.380	47600	1
0.385	49970	3
0.390	6366	2
0.395	85975	3
0.400	9536	3

Last trade - 16.10pm 08/10/2024 (20 minute delay)

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