If all entitlements were taken up for existing shares (excluding convertible note holders and option holders) there would have been 47mill new shares and 47mill new options.The money raised from the new shares being in the order of $2.357mill.
PYC are saying today there have been 26.376mill shares and 26.376mill options taken up.
This is just over half what they were expecting from a fully subscribed rights issue.
This rights issue was fully underwritten by Patersons Securities Ltd. Patersons also gained sub-underwriting agreements for the total issue.
So why is there a shortfall?
If all entitlements were taken up for existing shares (excluding...
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Last
17.0¢ |
Change
-0.015(8.11%) |
Mkt cap ! $793.2M | |||
| Open | High | Low | Value | Volume |
| 18.0¢ | 18.0¢ | 17.0¢ | $419.2K | 2.405M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 3 | 326555 | 17.0¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 17.5¢ | 222720 | 4 |
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| Last trade - 16.10pm 04/10/2024 (20 minute delay) ? |
| PYC (ASX) Chart |