Examples of SPP Shares in a sentence
No brokerage or transaction costs will be payable by Eligible Shareholders in respect of the application for, and the issue of, SPP Shares.
If the Company undertakes a scale back, you will receive the number of SPP Shares determined by the Company in its absolute discretion which may be less than the number of Shares applied for.
If you apply for SPP Shares, you will apply for a certain value, rather than a certain number, of SPP Shares.
This means that the price you pay for the SPP Shares issued to you may be less than or more than the market price of Shares at the date of this Prospectus or the time of issue of the SPP Shares.
Resolution 6 seeks Shareholder approval for the issue of up to 36,363,636 Shares (SPP Shares) at a price of $0.275 per Share, being the same price as the Placement, pursuant to a share purchase plan (SPP) to be launched by the Company subject to approval of this Resolution 6.Under the proposed SPP, eligible Shareholders will be entitled to subscribe for up to a maximum of$30,000 of Shares at a price of $0.275 per Share.
However because the SPP Shares are to be issued at the same price as the Placement, the discount is such that the price falls below the limit imposed by exception 5.
SPP Shares will rank equally in all respects with existing Shares quoted on the ASX, with the same voting rights, dividend rights and other entitlements.
If ASX does not grant Official Quotation of the SPP Shares offered pursuant to this Prospectus within three months after the date of this Prospectus (or such period as varied by ASIC), the Company will not allot any SPP Shares and will repay all Application Monies for the SPP Shares within the time period prescribed under the Corporations Act, without interest.
Each applicant for SPP Shares and Options submits to the non-exclusive jurisdiction of the courts of Victoria, Australia.
SPP Shares will be fully paid ordinary shares in the capital of the Company, which will rank equally with, and will have the same voting and other rights as existing issued shares of the Company.