Entitlement Booklet, page 6, second last paragraph:
"The Directors reserve the right to allot and issue shares under the Top Up Facility at their discretion and to place any Shortfall Shares at their discretion within 3 months of the Closing Date, in accordance with Listing Rule 7.2"
In fact, JK5, you are correct: Listing rule 7.2 is not anything to do with refunds - it refers to allotment and issue of the shares.
However I still interpret the paragraph above as a CYA precedent - however unlikely - for them to hold the money for up to three months, because it logically follows that if the allotment of the shares can take three months so can the refund. IMO the refund will be much sooner than that.
Stu
PNA Price at posting:
$2.00 Sentiment: LT Buy Disclosure: Held
