Below is from the announcement - Prospectus
Page - 18/78
1.6 Entitlement trading
The Offer is renounceable. This means that Eligible Retail Shareholders who do not wish to take up all or part of their Entitlement may sell or transfer their Entitlement in order to realise the value that may attach to their Entitlement.
So, people who do not have cash to take up all or portion of their Entitlement can still SELL their "entire" Entitlement on-market (assuming there will be liquidity).
Am I correct with my interpretation of 1.6 Entitlement trading?
Below is from the announcement - Prospectus Page - 18/78 1.6...
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Last
11.0¢ |
Change
0.000(0.00%) |
Mkt cap ! $350.5M | |||
| Open | High | Low | Value | Volume |
| 11.0¢ | 11.0¢ | 10.0¢ | $1.445M | 13.58M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 3 | 918733 | 10.5¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 11.0¢ | 6247028 | 46 |
View Market Depth
| Last trade - 16.10pm 29/07/2024 (20 minute delay) ? |
| PEN (ASX) Chart |