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JATCORP LIMITED — Capital/Financing Update 2017
Nov 9, 2017
65154_rns_2017-11-09_84345919-4222-4d31-9d04-b9e0151bafa8.pdf
Capital/Financing Update
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10 November 2017
ASX ANNOUNCEMENT
The Board of Directors of Jatenergy Limited (“JAT”) is pleased to announce details of JAT’s 2017 Share Purchase Plan (“SPP”).
Shareholders on the JAT register as at 7.00pm (AEST) on 9 November 2017 (the “Record Date”) with a registered address in Australia or New Zealand will be eligible to participate in the SPP.
The purpose of the SPP is to provide JAT with working capital for its trading business and administration/corporate costs. It will give eligible JAT shareholders the opportunity to subscribe for up to $10,000 in new, fully paid, ordinary shares in JAT (“SPP Shares”) at an issue price of 1.5c per share, without incurring brokerage or other transaction costs.
The SPP issue price is 1.5c per shares, a 46% discount to the volume weighted average price of JAT Shares traded on the Australian Securities Exchange over the 5 trading days prior to the Record Date.
All SPP Shares will rank equally with existing ordinary, fully paid JAT shares
The key dates for the SPP are as follows*:
| he key dates for the SPP are as follows*: | |
|---|---|
| Event | Date |
| Record Date(7.00pm AEST) | 9 November 2017 |
| Announcement of Share Purchase Plan | 10 November 2017 |
| Offer Opens & SPP Offer Document Despatch | 17 November 2017 |
| Offer Closes(7.00pm AEST) | 7 December 2017 |
| Issue Date of new shares | 11 December 2017 |
- JAT reserves the right to vary these times and dates in its absolute discretion. JAT expects to despatch to eligible shareholders a SPP Offer Booklet along with a SPP Application Form on 17 November 2017.
Anthony Crimmins Executive Chairman
For more information, please contact:
Tony Crimmins Executive Chairman +61 414 997 968 [email protected]
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