SHARE PURCHASE PLAN
The Directors are pleased to announce that the Company has adopted a Share Purchase Plan (Plan) and that an offer will be made under the Plan to all of the Company’s shareholders registered at 5pm WST on 14 April 2008 (Record Date) with a registered address in Australia or New Zealand (Eligible Shareholders).
Eligible Shareholders will each be entitled to apply for up to $5,000 of new fully paid ordinary shares in the Company (Shares). The subscription price for each Share will $0.085 per Share, which is approximately a 19.5% discount to the volume-weighted average trading price of the Company’s shares on ASX during the 5 days immediately prior to the date of this announcement on which trades occurred in the Shares.
The attached offer document containing all relevant information will be mailed to Eligible Shareholders on 15 April 2008.
share purchase plan
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0.4¢ |
Change
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Mkt cap ! $9.775M | |||
| Open | High | Low | Value | Volume |
| 0.4¢ | 0.4¢ | 0.3¢ | $47.47K | 13.55M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 59 | 57726829 | 0.3¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 0.4¢ | 11347359 | 12 |
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