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PEAKO LIMITED — Capital/Financing Update 2016
Apr 28, 2016
65567_rns_2016-04-28_6965e83b-c18e-4bc6-b78a-cf27db444fe6.pdf
Capital/Financing Update
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ASX RELEASE
29 April 2016
Non Renounceable Rights Issue Closed- Notification of Under Subscriptions
Peako Limited (“Peako” or the “Company”) (ASX: PKO) advises that its one for one nonrenounceable pro rata rights issue at $0.001 per new fully paid ordinary share (“Rights Issue”) closed at 5.00pm (AEST) on Wednesday, 27 April 2016.
The Rights Issue offer comprised:
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the one-for-one non-renounceable Rights Issue offer;
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a Shortfall offer, under which Eligible Shareholders could apply for additional shares, after applying for their full entitlement under the Rights Issue offer.
The following table sets out the number of new shares to be issued to with respect to the rights issue.
| rights issue. | |||
|---|---|---|---|
| Rights Issue Details | No. NewShares | GrossProceeds $ | Maximum% |
| Maximum numbers of shares that could beissued under Rights Issue | 680,253,247 | 680,253 | 100% |
| Less Rights Issue offer subscriptions | (223,854,935) | (223,855) | (33%) |
| Less shortfall offer subscriptions | (18,760,657) | (18,760) | (3%) |
| Less shares to be allocated to Nominee onbehalf of ineligible shareholders | (24,382,819) | (24,383) | (3%) |
| Total rights issue and shortfall offeracceptances (subscriptions) | 266,998,411 | 266,998 | 39% |
| Offer shortfall (under subscriptions) | 413,254,836 | 413,255 | 61% |
| Number of Rights Issue shares underwritten | 340,127,000 | 340,127 | 50% |
| Less Total Rights Issue and shortfall offeracceptances (subscriptions) | (266,998,411) | (266,998) | (39%) |
| Shortfall to Underwriter | 73,128,589 | 73,129 | 11% |
Peako Limited ABN 79 131 843 868 Level 21 500 Collins Street Melbourne t +61 3 8610 4709 e [email protected] w www.peako.com.au
The total amount of capital to be raised under the right issue is $340,127 before costs.
Subject to finalisation, the new shares will be issued and allotted to applicants under the rights issue and shortfall offer and transaction confirmation statements despatched on Wednesday, 4 May 2016.
Shares relating to the Entitlements of Ineligible Members will be issued and allotted to the Nominee and dealt with in the manner set out in the Rights Issue document.
New shares in satisfaction of the Underwriter’s obligation for shortfall will be issued and allotted to the Underwriter on 19 May 2016.
The relevant Appendices 3B will follow issue and allotment of the rights issue shares and the issue of shares to the Underwriter.
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Rae Clark Company Secretary and Director
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