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RENT.COM.AU LIMITED — Capital/Financing Update 2010
Sep 21, 2010
65722_rns_2010-09-21_1800ba91-5066-4edf-99bc-feb4d9afc5c7.pdf
Capital/Financing Update
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ABN 25 062 063 692
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Level 10 South Tower,
459 Collins St
Melbourne
Victoria 3000 Australia
Telephone +613 9613 4100
Facsimile +613 9613 4111
www.selectvaccines.com.au
21 September 2010
Dear Option Holder
Notice to Shareholders of Rights Issue
We write to you as the registered holder of Select Vaccines Limited ( Select ) Options at today's date.
As advised in an ASX announcement of earlier today, Select is undertaking a renounceable pro-rata offer to Eligible Shareholders on the basis of 2 Shares for every 1 share held at the record date at an issue price of $0.002 cents per share together with 1 free attaching listed option for every 2 new shares allotted ( Offer ).
Select currently has 293,653,019 shares and 3,000,000 unlisted options on issue. On the basis that no unlisted options are converted prior to the record date, the Offer is for 587,306,038 new shares and 293,653,019 listed options. The Offer will raise up to approximately $1,174,612 (before the payment of costs associated with the Offer). Upon completion of the Offer, Select will have 880,959,057 shares on issue.
The Offer is available to all Select shareholders registered on the Record Date of 29 September 2010 ( Eligible Shareholders ).
The Offer is renounceable and is fully underwritten by Patersons Securities Limited. Patersons Securities Limited will be paid an underwriting fee of 5% and an issue management fee of 1% of the funds raised under the Offer.
The prospectus in relation to the Offer was lodged with ASIC and ASX on 20 September 2010 and is available on both the ASX website and on the Select website (www.selectvaccines.com.au).
A copy of the prospectus will be sent to Eligible Shareholders on 5 October 2010.
The timetable of the Offer is as follows:
| Event | Date |
|---|---|
| Announcement of Offer | 20 September 2010 |
| Rights trading commences | 23 September 2010 |
| Record Date to determine Rights to New Shares | 29 September 2010 |
| Prospectus and Entitlement and Acceptance Forms despatched to Shareholders | 5 October 2010 |
| Last day of Rights trading | 12 October 2010 |
| New Securities quoted on a deferred settlement basis | 13 October 2010 |
| Last day for acceptance and payment (Closing Date) | 5.00pm WST 19 October 2010 |
| Issue of New Shares/New Options and despatch of holding statements | 22 October 2010 |
| Trading in New Shares and New Options commences | 25 October 2010 |
The directors of Select recommend that if you are in doubt as to the value of the Offer then you should contact your financial adviser.
Yours sincerely
Richard Wadley Company Secretary