PER 0.00% 8.1¢ percheron therapeutics limited

See How Wee Go, page-19

  1. 542 Posts.
    lightbulb Created with Sketch. 94
    Something along the lines of this, will have my votes.
    I don't have as many as some holders - but I still do have a decent amount of votes available to cast.

    ----------
    "What other companies have done:
    Here is an example of a company issuing free loyalty options:
    https://godolphinresources.com.au/downloads/announcements/grl_2020060101.pdf
    And another https://company-announcements.copyright link/asx/mtm/1034e11b-36a2-11ec-9dc5-2a4f74ccab31.pdf
    Note in this one, the options are purchased at a nominal $ figure, and exercisable at a higher price.
    Based on the issue to directors of Antisense of options in 2019, the resolution drafting would look something like this:

    *** note the below are my musings of what it might look like and in no way present an offer however construed by the company
    *** (there was so much conjecture on the CR about leaks, who knew what etc - that to be clear I have made this up - it is not fact)

    Resolution [xx]: Approve Loyalty Option Issue shareholders at 29 October 2021 (record date)To consider, and if thought fit, pass with or without amendment the following resolution as an ordinary resolution:
    “That pursuant to and in accordance with Listing Rule [TBC] and for all other purposes, Shareholdersapprove and authorise application for, and issue of 1 Loyalty Bonus option for each 2 shares held at the record date on the terms and conditions set out in the Explanatory Note.

    "Explanatory Note
    :Resolutions [xx]:
    Approve issuance of Loyalty Bonus optionsBackgroundFollowing the Company's ASX announcement of 1 November 2021 where the company outlined the approval of the PIP by PDCO and the intention to raise capital from Institutional & Sophisticated Investors at an issue price of $0.24 per new share, and 1 free option at an exercise price of $0.48 for each 2 new shares acquired.
    At the same time, the Company also announced a Non-renounceable Entitlement Offer to shareholders at the record date of 10 November 2021 conferring the entitlement to apply for 1 new share for every 9.4 shares held at that date, and 1 option for every 2 new shares acquired on the same terms as the institutional offer.
    In addition to the above, this resolution seeks to introduce a Loyalty Bonus option for all shareholders based on the record date of 29 October 2021 to reward shareholders for their loyalty to the company over prior years, and prior to the announcement of the EMA approval.
    In order to reward shareholders for their continued loyalty, it is proposed that 1 Loyalty Bonus option be issued for every 2 shares held at 29 October 2021 provided that no shares have been sold since the record date and that the shareholder applies for their full allocation under the Entitlement Offer.
    Loyalty Bonus options will carry the same exercise price and conditions as the Entitlement offer options and be unlisted.In the Company's view this reflects the appreciation of the loyalty of shareholders over past years, and provides a non dilutive raising on the same terms as the new investors."

    ---------------

    It won't 'cost' the company anything for this to be made available to holders at 29/10/2021 - but will give the option for those who held pre-EMA positive opinion to put more funds into the Company.
    The only people who may be upset by this is the dilutionary factor (hardly any really) for the Sophs and Instos that received the placement.

    I will be taking my full allotment. I don't think 3 cents is going to matter at all in a couple of years' time.

    I am also topping anything I can at this 0.205/0.21. They are ex-entitlement as of today, but still, I consider them to be at a great discount for what we have here.

 
watchlist Created with Sketch. Add PER (ASX) to my watchlist
(20min delay)
Last
8.1¢
Change
0.000(0.00%)
Mkt cap ! $83.97M
Open High Low Value Volume
8.0¢ 8.1¢ 8.0¢ $61.91K 766.3K

Buyers (Bids)

No. Vol. Price($)
4 549730 8.0¢
 

Sellers (Offers)

Price($) Vol. No.
8.1¢ 94626 1
View Market Depth
Last trade - 15.59pm 31/10/2024 (20 minute delay) ?
PER (ASX) Chart
arrow-down-2 Created with Sketch. arrow-down-2 Created with Sketch.