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ANTEOTECH LTD — Capital/Financing Update 2015
Nov 29, 2015
64304_rns_2015-11-29_e10875a3-b7ac-41d6-9adc-f55fb075a76e.pdf
Capital/Financing Update
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30[th ] November 2015 Company Announcements Office Australian Securities Exchange Limited Level 6, 20 Bridge Street Sydney NSW 2000
ANTEO DIAGNOSTICS NON RENOUNCEABLE PRO RATA ISSUE Notice under section 708AA (2)(f) of the Corporations Act 2001(Cth)
This notice is given by Anteo Diagnostics Ltd (ABN 75 070 028 625) ( Anteo ) under section 708 AA (2)(f) of the Corporations Act 2001 Cth (the Act ) as modified by ASIC Class Order 08/35.
Anteo has announced today, Monday 30 November 2015, a partially underwritten nonrenounceable pro rata offer ( Offer ) of 1 fully paid share (New share) for every 5.35 fully paid ordinary shares to eligible shareholders who are registered as a holder of Shares on the Record Date, being Friday 4[th] December, at an issue price of 7.5 cents per New Share to raise up to $12,018,417.
Anteo advises that:
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The New Shares will be issued without disclosure to investors under Part 6D.2 of the Act as modified by CO 08/35.
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This Notice is being given under section 708 AA (2)(f) of the Act as modified by CO 08/35.
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As at the date of this notice, Anteo has complied with:
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(a) The provisions of Chapter 2M of the Act as they apply to Anteo; and
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(b) Section 674 of the Act; and
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As at the date of this notice, there is no information that is “excluded information” within the meanings of sections 708AA (8) and 708AA (9) of the Act.
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The potential effect that the Offer will have on the control of the Company and the consequences of that effect will depend on a number of factors, particularly the level of shareholder take up under the Offer. Any New Shares not taken up by eligible shareholders under the Offer (including after the completion of the Top-up Facility) are Shortfall Shares. The Company has entered into a conditional underwriting agreement with PAC Partners Pty Ltd, and provided all the conditions are either satisfied or waived, it will underwrite the Offer up to a maximum $12,018,427 (subject to the fulfilment of a number of conditions). Therefore, any Shortfall Shares may be allocated to PAC Partners Pty Ltd (or subunderwriters).
In addition, the Directors reserve the right to issue any Shortfall Shares at their discretion within 3 months after the closing date.
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