Wadda fvcken joke ... issue after issue of cheap shares to corporate buddies over the years, continuous share dilution, a 1 for 10 share consolidation, then (you guessed it) ... another share issue!!!
Shareholder Share Purchase Plan 24-02 2008
The Directors of Union Capital Limited ("Union") are pleased to announce that they propose to invite shareholders to subscribe for up to $2,000 worth of shares in Union under the terms of a Shareholder Share Purchase Plan ("the plan").
Details are:
1. The share registry record date to determine those shareholders to receive this offer is at close of trading Friday 28th February 2003.
2. The issue price of the shares will be three [3] cents per share.
3. This offer can only be made under permissible legal jurisdictions to shareholders with registered addresses in Australia and New Zealand.
4. Because Union has approximately 4,000 eligible shareholders to this Plan, it is possible that acceptances in total may exceed the companies ability to issue new shares under ASX Listing Rule 7.1 (issues exceeding 15% of capital) and accordingly a General Meeting of the Company is to be held as soon as practicable to ensure that applications can be accepted.
5. Union optionholders who wish to participate in the Plan may exercise all or any of their holdings up to the closing date of trading Friday 28th February 2003.
M Ilett COMPANY ACCOUNTANT
UCL Price at posting:
0.0¢ Sentiment: None Disclosure: Not Held
