Can anyone reflect on the possible ex-date that this offer would be made?
According to the November 20 announcement
Bonus Issue of Shares and Options
Subject to the general meeting passing the resolution to consolidate the capital, the
Directors have resolved to make the following Bonus Issues:
• Bonus Issue of Shares
A bonus issue of shares is proposed on the basis of one (1) new free share for
every (8) shares held on a record date which will be advised (and which will
occur after the consolidation has been approved).
• Bonus Issue of options
A bonus issue of options is proposed on the basis of three (3) new options for
every five (5) shares held on a record date which will be advised (and which
will occur after the consolidation has been approved). The options will be
exercisable on or before 30 June 2010 at a (post-consolidation) price of 12
cents each.
The proposed record date for the bonus issues of both shares and options will
be announced in the Notice of Meeting that is currently being prepared by
the Company and which will be sent to shareholders.
As I read the above announcement it is still outstanding, and could be made anytime soon. This could explain the consolidation taking place now to receive the bones share and option offer. This will only happen after the consolidation of the share.
Can anyone reflect on the possible ex-date that this offer would...
Add to My Watchlist
What is My Watchlist?