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02/05/08
18:55
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more on this in WA Business news
http://www.wabusinessnews.com.au/en-story.php?/1/62711/Quickflix-revises-rights-issue-plan
Quickflix revises rights issue plan
2-May-08 by Edited announcement
Latest News
Quickflix revises rights issue plan - 02 May, 15:33pm
DVD rental group Quickflix will go back to the market with a new offer after its rights issue fell short by a considerable margin.
The company had acceptances for a 4-for-5 rights issue at 7.5 cents of $934,546, well below the $4.9 million that was possible.
Under a revised plan, Quickflix will offer shareholders a 1-1 rights issue at 5 cents to raise $4.1 million.
The company pointed at adverse market conditions for the impact on the level of interest.
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