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@hippy
Any of you bean counters wanna try and translate this into English for me please?
Ex-entitlement Date: 29 October 2023
Rights ratio: 1 right - for - 10 shares
Subscription ratio: 1 share - for - 1 right
Exercise price: USD0.43 per new share
Pay date: 28th November 2023
Option 1: Rights to Lapse (Default)
Option 2: Rights to Exercise
Option 3: Apply for additional shares
The default option will apply to all Holders whose instructions are not received by the deadline date.
x has announced a Rights Issue whereby Shareholders have been issued with 1 right for every 10 NPV shares held. The ex-entitlement date is 29 October 2023.
Each right entitles the holder to subscribe for 1 new NPV share in x at a subscription price of USD0.43 per new share. Holders may also subscribe for additional shares following a full exercise of their basic entitlement. If you do not exercise your full basic entitlement your additional shares application will be removed. These additional share application requests may be subject to a scaling back.
In addition, holders will be issued with 3 free options for every 4 new shares subscribed for. Each option can be exercised for 1 new NPV share at a price of USD0.65. Options expire on 30th November 2024. Holders wishing to exercise the resulting options must contact us at least 10 working days before the expiry date.
Shareholders who wish to participate in this Offer should note we may be required to forward the beneficial holders' name, registered address, domicile and holding as of record date. With your instruction you are confirming that you are aware of the official restrictions and giving consent for us to forward the abovenamed details to our custodian if they are required.
The making of this Offer outside of USA may be restricted. The Company may amend the restrictions at random and may choose to extend the restrictions to include any residency. Therefore, please be aware that your election may be rejected even though your name and address have been disclosed. The final decision as to the eligibility of your election is at the discretion of the Company.
Please ensure you have cleared funds in your account by our deadline date. Subscribing Holders will be credited with their new shares around the 28th November 2023.
It is the responsibility of any person wishing to subscribe for new shares to inform themselves and observe any applicable regulations of the relevant jurisdiction. With your instruction you are confirming that you are eligible to participate and are aware of the official restrictions.