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MUSTERA PROPERTY GROUP LIMITED — Capital/Financing Update 2021
Jul 15, 2021
65369_rns_2021-07-15_cb281beb-be7c-4a33-9baa-f2be7b67e949.pdf
Capital/Financing Update
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RESULTS OF THE RIGHTS OFFER
16 JULY 2021
ASX CODE: MPX
Mustera Property Group Ltd ( Mustera or the Company ) advises that the 3-for-10 non-renounceable rights issue of fully paid ordinary shares ( New Shares ) at an issue price of $0.25 per New Share, together with 1 unquoted option for every 2 New Shares issued, exercisable at $0.30 each within 2 years from the date of issue ( New Option ) ( Rights Offer ) closed on Tuesday, 13 July 2021 ( Closing Date ).
DIRECTORS
Mr Nicholas Zborowski Executive Director
Mr Anthony Ho Non-Executive Director
Mr Jack Spencer-Cotton Non-Executive Director
COMPANY SECRETARY
Joan Dabon
CAPITAL STRUCTURE
Ordinary Shares: 116.2M Options: 5.5M
A total of $5,502,227.75 (before costs) was raised from the Rights Offer comprising of:
| omprising of: | |||
|---|---|---|---|
| Details | New Shares | New Options | AUD ($) |
| OfferedundertheProspectus | 34,867,832 | 17,433,899 | 8,716,958.00 |
| Eligible Entitlements | 32,951,333 | 16,475,650 | 8,237,833.25 |
| Subscribed for under theRights Offer | 22,008,911 | 11,004,449 | 5,502,227.75 |
| ShortfallfromEligibleEntitlements | 10,942,422 | 5,471,201 | 2,735,605.50 |
| Ineligible Entitlements | 1,916,499 | 958,249 | 479,124.75 |
| Total of Shortfall from theRights Offer* | 12,858,921 | 6,429,450 | 3,214,730.25 |
*Includes New Shares and New Options to which Ineligible Shareholders would have been otherwise entitled to had they been eligible to participate in the Rights Offer.
COMPANY ENQUIRIES
Nicholas Zborowski Executive Director
15 McCabe Street North Fremantle WA 6159
T : +61 8 9386 7069 E : [email protected] W : www.mustera.com.au
The Company further advises these New Shares and New Options will be allotted on Tuesday, 20 July 2021 in accordance with the Rights Offer timetable.
Pursuant to the terms of the Rights Offer outlined in the Prospectus, the Directors, in conjunction with the Lead Manager, will consider placing the Shortfall within three months from the Closing Date.
AUTHORISED BY
THE BOARD OF DIRECTORS
Mustera Property Group Ltd ACN 142 375 522