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IMEXHS LIMITED — Capital/Financing Update 2009
Dec 23, 2009
65120_rns_2009-12-23_08d7425b-3356-4448-8538-049d591ed470.pdf
Capital/Financing Update
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Solverdi Worldwide Limited ABN60 096 687 839 ASX:SWW
Level 5, Nexus Building, 4 Columbia Court
BAULKHAM HILLS NSW 2153
Phone - 02 8860 6488 Fax - 02 8860 6464 [email protected]
24 December, 2009
2009 SHARE PURCHASE PLAN
AN OPPORTUNITY TO INCREASE YOUR SHAREHOLDING IN SOLVERDI WORLDWIDE LIMITED
Dear Shareholder,
Solverdi Worldwide Limited ( Solverdi ) is pleased to invite you to participate in its 2009 Share Purchase Plan ( 2009 SPP ) offer. The 2009 SPP provides eligible shareholders with an opportunity to apply for up to A$15,000 worth of fully paid new ordinary shares in the capital of Solverdi ( Shares ) at A$0.098 per share, without paying brokerage or other transaction costs, on the terms and conditions of the 2009 SPP.
The 2009 SPP will be capped at 25,000,000 Shares (raising up to A$2,450,000) and if subscriptions under the 2009 SPP exceed 25,000,000 Shares, Solverdi intends to scale back applications accordingly. However, the Board has retained the discretion, if applications under the 2009 SPP exceed 25,000,000 Shares, to increase the maximum number of Shares to be issued under the 2009 SPP (subject to a cap of 30% of its issued share capital at the date of issue of the 2009 SPP Shares).
Purpose of the SPP Offer
The proceeds of 2009 SPP will be used by Solverdi to fund capital expenditure and associated operating costs related to contract commitments received by Solverdi to date.
How many Shares can I apply for?
If you wish to participate in the 2009 SPP, you may do so by selecting one of the following four alternatives:
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| Offer A | 153,060 Shares | Total amount payable @ A$0.098 per share | A$14,999.88 |
|---|---|---|---|
| Offer B | 75,000 Shares | Total amount payable @ A0.098 per share | A$7,350.00 |
| Offer C | 37,500 Shares | Total amount payable @ A$0.098 per share | A$3,675.00 |
| Offer D | 10,000 Shares | Total amount payable @ A$0.098 per share | A$980.00 |
Participation in the 2009 SPP is entirely at your option.
The full terms and conditions of the 2009 SPP are set out in the attached document and in the enclosed “Share Purchase Plan Application Form”. By accepting the 2009 SPP offer, you will be agreeing to be bound by those terms and conditions.
When to apply
To participate in the 2009 SPP offer you must complete and return the Share Purchase Plan Application Form together with your cheque, bank draft or money order in Australian dollars by 5.00 pm (AEDT) on 22 January 2010. Alternatively, you can pay by BPAY® (for Australian shareholders only), in which case you do not need to return the Application Form.
Important information
You should consider all the information about the 2009 SPP accompanying this letter before deciding whether to participate in the 2009 SPP. Solverdi is not providing investment advice or making any recommendation in relation to the 2009 SPP. Any decision to participate in the 2009 SPP should be made after fully considering your own financial circumstances and needs. I recommend that you seek advice from a professional financial adviser if you are in any doubt about what action you should take.
If you have any questions about the 2009 SPP, please call Edwin Fernandes of Martin Place Securities, on +61 2 9222 9111 or email [email protected]. You may also contact Solverdi's share registry, Link Market Services Limited on +61 2 8280 7111.
Yours sincerely
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Dennis M Danzik
Chief Executive Officer
Managing Director
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