"Eligible Shareholders applied for approximately A$1,448,483 in New Shares and New Options (including the top-up facility), or 14,484,833 New Shares and 7,242,416 New Options equivalent to approximately 81% of the Entitlement Offer. The Entitlement Offer closed at 5.00pm (Sydney time) on 7 December 2016, raising A$1,778,838 (upon completion of the placement of the shortfall). 17,788,380 New Shares and 8,894,190 New Options will be issued on 14 December 2016 to successful applicants. Shortfall A shortfall of A$330,355, or 3,303,547 New Shares and 1,651,774 New Options, equivalent to approximately 19% of the Entitlement Offer will be taken up through FEC as underwriter."
If I'm reading this right, that means PAK is honoring all applications for shares above our calculated entitlement (1 for 8)?
PAK Price at posting:
13.5¢ Sentiment: Buy Disclosure: Held
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