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INVESTSMART GROUP LIMITED — Capital/Financing Update 2013
Sep 24, 2013
65130_rns_2013-09-24_fcebd56c-67dd-4a7e-a31f-f784b68e0f5b.pdf
Capital/Financing Update
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Australasian Wealth Investments Limited
ACN 111 772 359
Level 4, 1 Alfred Street Sydney NSW 2000 Australia
Telephone +612 9080 2377 Fax +612 9080 2378
25 September 2013
Attention: Company Announcements ASX Limited Sydney NSW 2000
Dear Shareholder
NON-RENOUNCEABLE RIGHTS ISSUE CORRECTION
This notice is provided to inform you that on 25 September 2013 Australasian Wealth Investments Limited (Australasian Wealth Investments or the Company) lodged an Offer Document with the Australian Securities Exchange (ASX) in respect of a pro-rata, non-renounceable Rights Issue of shares at an issue price of 35 cents per share. The Offer Document is available on the ASX website under the ASX Code AWK and on the Company’s website.
A copy of the Offer Document together with an Entitlement and Acceptance Form will be mailed to eligible shareholders on 9 October 2013 .
Under the Rights Issue, shareholders with a registered address in Australia or New Zealand (Eligible Shareholders) are being invited to subscribe for two New Shares for every three existing shares held as at the Record Date.
The Rights Issue will raise up to A$13.3 million before costs. The Rights Issue is not underwritten. Directors reserve the right, at their discretion, to place any New Shares not taken up by Eligible Shareholders, at a price not less than 35 cents per share.
Eligible Shareholders’ entitlements pursuant to this Rights Issue are non-renounceable and accordingly, Eligible Shareholders may:
-
take up their Rights in full or in part; or
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do nothing, in which case their Rights will lapse.
No action is required to be taken at this stage. If you intend to take up your Rights in full or in part, then you should take appropriate action when you receive a copy of the Offer Document together with an Entitlement and Acceptance Form , which will be mailed to Eligible Shareholders on 9 October 2013 .
Shareholders with a registered address outside of Australia or New Zealand are not eligible to participate in the Rights Issue.
- 2 -
Key information and indicative dates in respect of the Rights Issue are as follows:
| Offer Document lodged with ASX | 25 September 2013 |
|---|---|
| Existing Shares are quoted on an “Ex” basis | 27 September 2013 |
| Record Date(date for determining entitlements of Eligible Shareholders toparticipate in the Offer) | 3 October 2013 |
| Offer Document Despatched to Eligible Shareholders(expected date of despatch ofOffer Document and Entitlement and Acceptance Forms) | 9 October 2013 |
| Opening Date | 9 October 2013 |
| Closing Date | 23 October 2013 |
| Securities quoted on a deferred settlement basis | 24 October 2013 |
| Company to notify ASX of under-subscriptions (if any) | 28 October 2013 |
| Allotment Date and deferred settlement trading ends | 31 October 2013 |
| Anticipated despatch date of holding statements for New Shares | 31 October 2013 |
| Trading commences for New Shares on ASX | 1 November 2013 |
Further details on the Rights Issue are contained in the Offer Document.
For further information please contact the undersigned.
Yours faithfully Australasian Wealth Investments Limited
Richard Matthews Company Secretary