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Slovar Limited — Capital/Financing Update 2016
Jun 28, 2016
17773_rns_2016-06-28_c39ecb55-ce0c-4d93-ac8b-aa84792223a6.pdf
Capital/Financing Update
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money3
29 June 2016
ASX Release
ADJUSTMENT TO MONEY3 OPTIONS EXERCISE PRICE
Money3 Corporation Limited (“Money3”) (ASX:MNY) advises that, in respect of the Non-Renounceable Rights Issue that concluded on 18 December 2015, in accordance with Listing Rule 6.22.2, the exercise price of the Money3 Options (ASX: MNYO) will be reduced from $1.30 according to the following formula:
$$
O' = O - \frac{E[P - (S + D)]}{N + 1}
$$
Where
- O' = the new exercise price of the option
- O = the old exercise price of the option
- E = the number of underlying securities into which one option is Exercisable
- P = the average market Price per security (weighted by reference to volume) of the underlying securities during the 5 trading days ending on the day before the ex-rights date or ex entitlements date
- S = the Subscription price for a security under the pro rata issue
- D = the Dividend due but not yet paid on the existing underlying securities
- N = the Number of securities with rights or entitlements that must be held to receive a right to one new security
The new exercise price of the Options is $1.296056 calculated as follows:
$$
O' = \$1.30 - \frac{1[\$0.9855 - (\$0.95 + 0)]}{8 + 1}
$$
$$
O' = \$1.296056
$$
There is no change in the number of shares to which the option holder is entitled.
-ENDS-
For further information please contact:
Mr Scott Baldwin
Managing Director
Telephone: +61 3 9093 8255
Money3 Corporation Limited
ABN 63 117 296 143
Australian Credit Licence
389 782
Level 1, 40 Graduate Road
Bundoora, Vic, 3083
T 61 3 9093 8255
F 61 3 9093 8227
www.money3.com.au