Examples of Entitlement Offer in a sentence
Under the Entitlement Offer, eligible shareholders are invited to subscribe for 1 new Boral share (“New Shares”) for every 2.22 existing Boral shares held as at Thursday, 24 November 2016.
Concurrent Entitlement Offer has the meaning given in clause 12.1(a).
The Retail Entitlement Offer will open on Wednesday, 30 November 2016 and close at 5.00pm (AEDT) on Friday, 9 December 2016.
Any premium over the A$4.80 per New Share offer price under the Entitlement Offer which is achieved from the offer of the Retail Shortfall Shares (and the right to subscribe for those Retail Shortfall Shares) through the Retail Shortfall Bookbuild will be remitted proportionally to those retail shareholders, less any applicable withholding tax.
Eligible retail shareholders will have the opportunity to participate at the same offer price and offer ratio as the Institutional Entitlement Offer.