Entitlements Offer definition
Examples of Entitlements Offer in a sentence
Where the Prospectus has been dispatched to Shareholders domiciled outside Australia or New Zealand and where that country's securities code or legislation prohibits or restricts in any way the making of the Entitlements Offer contemplated by this Prospectus, then the Prospectus and accompanying Acceptance Form are provided for information purposes only.
The Entitlements Offer made to Eligible Shareholders with registered addresses in New Zealand is made in reliance on the Securities Act (Overseas Companies) Exemption Notice 2002 (New Zealand).
No action has been taken to register or qualify the Shares or the Entitlements Offer or otherwise to permit an offering of the Shares in any jurisdiction outside of Australia and New Zealand.
No action has been taken to register or qualify the Listed Options or the Entitlements Offer or otherwise to permit an offering of the Listed Options in any jurisdiction outside of Australia and New Zealand.
The Entitlements Offer and Shortfall Offer will raise funds primarily to advance the Company’s Copper Hill gold-copper porphyry project (see table below for details), and also to meet the administration and running costs of the Company and the expenses of the Offers.
In addition to the Entitlements Offer and Shortfall Offer, this Prospectus also provides for a Bonus Issue of approximately 43,552,750 Options on the basis of one Option for every five Shares held on the Bonus Issue Record Date of 22 December 2005, to be issued for nil consideration.
If all of the Eligible Shareholders under the Offer accept their Rights in full, then the Entitlements Offer will have no effect on the control of the Company.
The Directors of the Company reserve the right to accept any Applications for Entitlements Offer in whole or in part.If Shareholders do not wish to take up any part of their Entitlement under the Entitlements Offer, no action is required.
It is a condition of the Top-Up Offer that the New Shares being offered may only be issued to a successful applicant where an Offer of the New Shares has first been made to, but not accepted by, another Eligible Shareholder under the Entitlements Offer.
Therefore, the two entrustment documents contain all the information demanded by the applicable EU regulations and soft law.