If Entitlements are not taken up, sold or transferred, Eligible Retail Security Holders will be taken to have authorised the sale of those Entitlements in the retail shortfall bookbuild. These Entitlements will be offered for sale, for the benefit of Eligible Retail Security Holders, in the retail shortfall bookbuild on Friday, 18 December 2015. Accordingly, Eligible Retail Security Holders who do not take up all of their Entitlements will receive any proceeds in excess of the Offer Price in respect of their Entitlements, net of any applicable withholding tax. However, there is no guarantee that Eligible Retail Security Holders will receive any proceeds as a result of the retail shortfall bookbuild.
TCL Price at posting:
$10.22 Sentiment: Buy Disclosure: Held
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