As I understand it, eligible shareholder on Intec's register as of 5May will be elibigle to participate in its SPP. Intec has requested regulatory approval to increase the limit normally ascribed for SPP's from $5k to $15k. Should this be given the plan as described in yesterday's announcement can proceed. As an eligible shareholder you can decline the offer. If you do that your existing shareholding will be diluted. It is not a rights issue. INL want to have as many shareholder participate as possible to the maximum $ figure allowed. There is a small dilutive effect even if you participate as INL has already provided for sophisticated investors over and above what is offered in the SPP to retail investors.
SDV Price at posting:
18.0¢ Sentiment: Buy Disclosure: Held
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