VRX 2.94% 3.3¢ vrx silica limited

Ann: VRX Launches $3.1m Renounceable Entitlement Offer, page-143

ANNOUNCEMENT SPONSORED BY PLUS500
ANNOUNCEMENT SPONSORED BY PLUS500
CFD TRADING PLATFORM
CFD Service. Your Capital is at risk
CFD TRADING PLATFORM CFD Service. Your Capital is at risk
ANNOUNCEMENT SPONSORED BY PLUS500
CFD TRADING PLATFORM CFD Service. Your Capital is at risk
  1. 15,102 Posts.
    lightbulb Created with Sketch. 2618
    someone explain this to me,......

    because of the 13 to 1 ration..... there are 583m shares on issue.... divide by 13 to see total available share entitlements...44.84m shares... x .055 = $2.46m

    There intention was EVER SINGLE HOLDER TAKE UP THEIR ENTIRE ENTITLEMENT? Thats not even possible.

    this is a sketchy pass through to who ever is backing the underwriter...... right?
 
watchlist Created with Sketch. Add VRX (ASX) to my watchlist
arrow-down-2 Created with Sketch. arrow-down-2 Created with Sketch.