Lynas Corporation (ASX:LYC, OTC:LYSDY) (Lynas) is now able to confirm the issue price for its A$25 million share purchase plan (SPP).The issue price has now been calculated and is A$0.56 per New Share.
As announced by Lynas on 12 December 2012, the issue price for the new shares to be issued under the SPP (New Shares) is the lower of:
(i) A$0.75, being the price per share set for the institutional placement of Lynas Shares announced on Friday, 9 November 2012; and
For those that were talking about the retail price above is the data, also note that it did not mentions JP Morgan subscribing to any share, consequently LYC did not issue a further 25 million shares to them.
Existing shareholders who applied in full have received their full entitlement and therefore have benefited the most at this stage. Institutions paid 75c no less and the company has built up sufficient cash reserve.
Lynas Corporation (ASX:LYC, OTC:LYSDY) (Lynas) is now able to...
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Mkt cap ! $5.598B | |||
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