Huntleys' Stock of the Week
Marketplace
Praemium Announces Fully Underwritten Rights Issue
Thursday October 15, 2009, 9:30 am

Original Announcement: Fully Underwritten Rights Issue

Praemium announced further details in respect to its fully underwritten Non-Renounceable Rights Issue providing the opportunity for eligible shareholders to acquire new shares in the Company at the same price ($0.15) as its recent private placement pursuant to which Praemium raised $3.675m. Under the Rights Issue, eligible shareholders will be able to subscribe for 1 New Share in the Company for every 10 FPO shares held on the Record Date. On completion of the placement of any shortfall by the underwriter, approx. 18.5m new shares will be issued to raise $2.775m. The new shares will be offered to Praemium shareholders who are registered at 7.00pm (Melbourne time) on 23 October 2009. The offer closes at 5.00pm (Melbourne time) on 11 November 2009.

More information about PPS.AX
  •   

    • Copyright © 2010 Yahoo! Pty Limited. All rights reserved.
    Advertise with Us - Privacy Policy - Terms of Service - Help