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JATCORP LIMITED — Capital/Financing Update 2014
Dec 16, 2014
65154_rns_2014-12-16_a2522ece-9bd7-44a9-a4a8-d768b8fd9e11.pdf
Capital/Financing Update
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17 December 2014
RIGHTS ISSUE RESULTS AND SHORTFALL NOTICE
The Board of Jatenergy Limited (“JAT” or “the Company”) is pleased to advise its Non‐ Renounceable Rights Issue dated 19 November 2014 has now closed on 12 December 2014 (“the Offer”).
Under the Rights Issue, existing shareholders applied 10,760,161 new shares, totalling $269,004.02 before costs.
A summary of the results are as follows:
| No of Shares | Subscription Funds | |
|---|---|---|
| Applications for entitlement shares | 8,153,630 | $203,840.75 |
| Applications for Additional Shares | 2,606,531 | $65,163.27 |
| Total Applications | 10,760,161 | $269,004.02 |
Following the acceptance of the above applications by shareholders, the total number of shares on issue will be 129,270,787.
The proceeds of the Offer will be used for general working capital, including the costs of office and corporate administration as previously announced by the Company.
Notice of Shortfall
The Company advises that following the above applications received, the remaining shortfall facility from the Offer is 10,952,952 shares.
The Company may place the remaining shortfall of the Offer under the Shortfall Facility up to three months after the Closing Date as advised in the Offer Document.
JAT thanks those shareholders who subscribed to the Rights Issue.
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Anthony Crimmins Director
t +61 2 9571 8300 f +61 2 9571 8200 w www.jatenergy.com