The free accompanying options have an exercise price of
The purpose of the issue is to raise funds for the development of the
Details of the rights issue
Shareholders with an address in
Announcement of the Offers Tuesday,
Lodgement of Prospectus Tuesday,
Ex-date (Shares trade ex-entitlement) Monday,
Record date to determine Entitlement (Record Date) Tuesday,
Prospectus with Entitlement and Acceptance Form dispatched Entitlement and Shortfall Offers opens for receipt of Applications Wednesday,
Last day to extend Entitlement
Closing date for acceptances under the Entitlement Offer Tuesday,
Notify ASX of under-subscriptions Monday,
Issue of
Trading of New Shares expected to commence Tuesday,
Eligible Shareholders' entitlements pursuant to this Rights Issue are non-renounceable and accordingly Eligible Shareholders may take up their rights in full or in part or do nothing in which case their rights will lapse. The timetable outlined above is indicative only and subject to change. The Directors reserve the right to vary these dates including the closing date, subject to the Listing Rules and the Corporations Act. The Directors also reserve the right not to proceed with the whole or part of the rights issue at any time prior to the issue of new shares and options. In that event, application monies will be returned without interest.
If after the closing date all allotted shares have not been subscribed for by eligible shareholders, the Directors reserve the right to place the remaining shortfall at their discretion within three months after the close of the offer. A prospectus for the offer will be made available when the shares and options are offered, and will be available to Eligible Shareholders on the date specified in the timetable above. Any Eligible Shareholders who wants to acquire the shares and options will need to complete the personalised application form that will be sent to them.
Contact:
Tel: (08) 8213 3100
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