AI assistant

Sign in to chat with this filing

The assistant answers questions, extracts KPIs, and summarises risk factors directly from the filing text.

Sign up Log in

AMCIL LIMITED Capital/Financing Update 2020

Oct 7, 2020

64375_rns_2020-10-07_53a9d129-069e-468f-88ce-0830554770a2.pdf

Capital/Financing Update

Open in viewer

Opens in your device viewer

8 October 2020

The Manager ASX Market Announcements Australian Securities Exchange Exchange Centre Level 4 20 Bridge Street Sydney NSW 2000

==> picture [179 x 239] intentionally omitted <==

Electronic Lodgement

AMCIL Limited - Share Purchase Plan

Dear Sir / Madam

Directors have decided to make an offer to shareholders under a Share Purchase Plan (SPP) to raise additional equity for investment purposes.

Subject to other participation requirements, shareholders with a registered address in Australia and New Zealand on the register at 7.00pm (AEDT) on Wednesday 7 October 2020 will be able to invest up to A$30,000 in the Company’s shares.

Shares issued under the SPP will rank equally with existing fully paid ordinary shares. The shares issued under the SPP will be eligible for any dividends that may be paid in respect of the financial year ending 30 June 2021.

The SPP issue price will be the lower of 97 cents per share or the volume-weighted average price of AMCIL shares traded on the Australian Securities Exchange (ASX) and Chi-X Australia automated trading systems over the 5 ASX trading days up to and including the day on which the SPP is scheduled to close (16 November), rounded down to the nearest cent. Therefore, the maximum price that eligible shareholders will pay is 97 cents per New Share, which was calculated by the volume-weighted average price of shares traded on the ASX and Chi-X Australia automated trading systems over the 5 ASX trading days from 1 October to 7 October 2020 inclusive. AMCIL will announce the final issue price for the SPP after the offer closes. There will be no scale back of applications.