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POINTERRA LIMITED — Capital/Financing Update 2014
Jun 19, 2014
64255_rns_2014-06-19_8024cb44-3aba-45b2-baea-66b643aae767.pdf
Capital/Financing Update
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ASX:SOI
20 June 2014
Submit by fax or electronically
Company Announcements Office ASX Limited Exchange Plaza 2 The Esplanade Perth, WA. 6000
Dear Sir/Madam,
SOIL SUB TECHNOLOGIES LIMITED (ASX: SOI) – ASX LISTING RULE 7.1A ADDITIONAL INFORMATION
Information required under ASX Listing Rule 3.10.5A
The Company provides the information as required under ASX Listing Rule 3.10.5A as follows:
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(a) Dilution to existing shareholders as a result of the issue:
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Under Listing Rule 7.1 is 2.7%
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Under Listing Rule 7.1A is 2.3%
The total dilution to existing shareholders as a result of the placement is therefore 5%.
- (b) the approximate percentage of the issued capital post the 7.1A placement held by the pre-placement security holders and new security holders are as follows:
| Pre-placement security | |
|---|---|
| holders who didnot | |
| participate in theplacement | 99.2% |
| Pre-placement security | |
| holders who did participate | |
| in theplacement | 0.8% |
| Participants in the | |
| placement who were not | |
| previouslysecurityholders | 63.9% |
- (c) The Company issued shares to sophisticated investors as it was considered to be a more expedient method for raising funds in the current market environment. The placement has allowed the Company to introduce new investors to its register.
ASX Listing Rule 7.1A Additional Information
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(d) The allocation of shares under the placement where made with RM Corporate Finance Pty Ltd acting as lead manager.
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(e) No underwriting agreements were in place for the placement.
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(f) Commission for the placement is 6% (plus GST) of the total funds raised.
Yours Sincerely
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Keong Chan Company Secretary