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27.0¢ strike energy limited

Ann: Trading Halt, page-92

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29/05/19

22:54

Post #: 38812715
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The Placement book closes Wednesday 29 May 2019 at 2pm (Sydney time). Petra Capital has been appointed as lead manager and bookrunner to the Placement. The Lead Manager reserves the right to vary the closing time of the offer, including closing the offer early.(

Originally posted by jake0002: ↑

thx Listerine,
On the basis that this timing is correct, that means that the Sophs/Investors had the benefit of the announcement of the Option deal at the time they needed to decide whether or not to take up the new shares at 6.5c.
The ASX release was at 12.44pm.
So they could subscribe for the new shares with the view that the SP would almost open strongly than it otherwise would have, now that the market was aware of the new Option deal.
So one group of investors were able to trade/buy shares with this new knowledge.

On the other hand, existing shareholders were quarantined from doing anything with their shares, because the STX were in a Trading Halt.

It is supposed to be a level playing field, is it not?

The only solution I can see is that STX offers new shares to existing s/h on the same basis as those of the Placement.

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Sorry this is the whole story.

STX Price at posting: 8.5¢ Sentiment: Buy Disclosure: Held
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Last 27.0¢		Change 0.020(8.00%)		Mkt cap ! $779.5M

Open	High	Low	Value	Volume
24.5¢	28.3¢	24.5¢	$4.846M	18.24M

Buyers (Bids)

No.	Vol.	Price($)
54	2143566	27.0¢

Sellers (Offers)

Price($)	Vol.	No.
27.5¢	1123129	89

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No.	Vol.	Price($)
54	2144546	0.270
15	608944	0.265
19	344972	0.260
11	344104	0.255
12	318951	0.250

Price($)	Vol.	No.
0.275	1120943	83
0.280	1360667	28
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0.290	314302	9
0.295	385001	8

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