SYA: SPP Wonder what will happen on this front now .. massive scale back?.. double the money
Eligible shareholders can apply for up to A$30,000 of New Shares without incurring brokerage or other transaction costs; issue price A$0.075, as per Placement announced 12 July 2021
The SPP will provide an opportunity for eligible shareholders to subscribe for up to $30,000 of shares in Sayona at the issue price, without paying any brokerage. New Shares will be issued at the issue price of A$0.075, being the same price as the Placement announced by Sayona on Monday, 12 July 2021.
If applications for New Shares under the SPP exceed A$5 million Sayona may, in its absolute discretion, allocate less than the number of New Shares applied for (scale back).
Date*
RecordDate(7:00pm AEST)
9 July 2021
Announcement Date of Plan
12 July 2021
Opening Date of Plan
21 July 2021
Dispatch of Offer document
21 July 2021
Closing Date of Plan (5:00pm AEST)*
18 August 2021
Allotment and Issue of New Shares under the Plan*
25 August 2021
Morning trading August 12, page-178
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