RNE 50.0% 0.6¢ renu energy limited

If origin are topping up then woodside through its investment co...

  1. 1,530 Posts.
    If origin are topping up then woodside through its investment co more than likely will too...if rumour is true that when the co asked for only 5 mill but was able to raise 5 times more shows some big boys must want in such a small co.
    Positive news from here on in !


    • If Geodynamics proposes to issue 10% or more of its then issued share capital to a third party, then that third
    party must be an entity reasonably acceptable to Metasource and written agreements entered into by
    Geodynamics must be on terms acceptable to Metasource, approval of which must not be unreasonably
    withheld.
    Under the terms of a waiver granted by the ASX on 16 August 2002, ASX agreed to grant a waiver from listing
    rule 6.18 to the extent necessary to permit the Company to enter into the above Agreement which would enable
    Metasource to maintain its shareholding in the event of further equity issues by the Company (the “Top-Up
    Right”). The waiver was granted by ASX on the following conditions:


    Under the terms of a waiver granted by the ASX on 25 August 2003, ASX agreed to grant a waiver from listing
    rule 6.18 to the extent necessary to permit the Company to enter into the above Investment Deed which would
    enable Origin to maintain its shareholding in the event of further equity issues by the Company (the “Top-Up
    Right”). The waiver was granted by ASX on the following conditions:
    • The Top-Up Right may only be transferred to a wholly owned subsidiary of Origin;
    • Any securities issued under the Top-Up Right are issued on the same terms and conditions as are offered to
    third parties; and
    • The Company discloses in each annual report a summary of the terms of the agreement with Origin.
 
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