AI assistant
ASSET VISION CO LTD — AGM Information 2016
Oct 17, 2016
64438_rns_2016-10-17_5c05b71c-1ea6-49a0-b61e-823740b7634e.pdf
AGM Information
Open in viewerOpens in your device viewer
==> picture [161 x 71] intentionally omitted <==
Due to a printing error at our Share Registry, the Notice of Meeting that you previously received concerning our upcoming AGM had inadvertently excluded the table on Page 13.
- (a) The ordinary shares may be issued at a price that is at a discount to the market price for the Company’s ordinary share on the issue date, which may have an effect on the amount of funds raised by the issue.
The table below sets out the dilution of existing shareholders on the basis of the current market price of shares and the current number of ordinary shares for variable “A” calculated in accordance with the formula in Listing Rule 7.1A.2 as at the Date of this Notice.
The table also shows:
-
(a) Two examples where variable “A” has increased, by 50% and 100%. Variable “A” is based on the number of ordinary shares the Company has on issue. The number of ordinary shares may increase as a result of issues of ordinary shares which do not require shareholder approval (for example, a pro rata entitlements issue) or future placements under Listing Rule 7.1 that are approved by shareholders; and
-
(b) Two examples of where the issue price of ordinary shares has decreased by 50% and increased by 100% as against the current market price.
| Variable “A” in Listing Rule 7.1A.2 |
Dilution | Dilution | Dilution | |
|---|---|---|---|---|
| 50% decrease in Issue Price $0.17 |
Issue Price $0.34 |
100% increase in Issue Price $0.68 |
||
| Current Variable A 70,113,762 |
10% voting Dilution |
7,011,376 | 7,011,376 | 7,011,376 |
| Funds raised | $ 1,191,934 | $ 2,383,868 | $ 4,767,736 | |
| 50% increase in current Variable A 105,170,643 |
10% voting Dilution |
10,517,064 | 10,517,064 | 10,517,064 |
| Funds raised | $ 1,787,901 | $ 3,575,802 | $ 7,151,604 | |
| 100% increase in current Variable A 140,227,524 |
10% voting Dilution |
14,022,752 | 14,022,752 | 14,022,752 |
| Funds raised | $ 2,383,868 | $ 4,767,736 | $ 9,535,472 |
The table has been prepared on the following assumptions. The Company does not represent that they will necessarily occur:
- (a) The Company issues the maximum number of shares available under the 10% Placement Facility.
13