UBI: think there is an entitlement offer in the wind at 15c per share + 20 cent option so be careful here and door ... still checking the details
1/3/24
the proposed terms of the capital raising are yet to be finalised, however, it is anticipated that the New CDIs will be issued at a price of A$0.15 per New CDI (with the ability to accept oversubscriptions);• in addition, participants in the Placement and Entitlement Offer shall receive one attaching Option for every New CDI issued, at an exercise price of A$0.20. The Options will vest upon issue, expire 3 years from the date of issue, be exercisable in multiple tranches and each entitle the option holder to 1 CDI upon exercise (subject to any adjustments for reconstructions or bonus issues in accordance with the Listing Rules); and• UBI also intends to apply for quotation of these Options on the ASX following the completion of the Entitlement Offer. Details of any potential quotation will be advised in a following announcement.
