spp a nice move, page-10

Kincella

Last one was a prospectus (open to all) - this one is a non renounceable SPP. Timing of prospectus was that it closed just as they announced the EzyDVD deal - so, didnt give exist shareholders much time to react.

This one will, and its at a good price - but only for existing shareholders. ASX release below

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ReelTime Media Ltd (ASX: RMA)
Non-Renounceable Share Purchase Plan

➢ Share Purchase Plan to allow existing shareholders (i.e. non-renounceable) to participate at 2.5 cents at the record date of Tuesday 23rd October 2007
➢ Offer available for a limited 28-day period to existing shareholders and staff only.
➢ Participation is at a discounted price to previous period trading average.
➢ Share Price performance in last month since 24th September and 19th October has seen a greater than 58% overall gain during this period.
➢ No brokerage or fees associated with the offer.
➢ BPAY application now available for online subscription.
➢ $250 Minimum Subscription, $5000 maximum per shareholder (regardless of holdings)

Share Purchase Plan
Having recently concluded an agreement with EzyDVD and prior to launch of the new download website by EzyDVD, the Board has resolved to make a discounted price offer to previous period trading average (subject to ASX listing rules) to existing shareholders and staff only. Under this new offer shareholders will be entitled to participate in a Share Purchase Plan for the issue of up to a further 20,000,000 million ordinary shares at $0.025 per share (the SPP), subject to scale back if applicable.

The issue price is determined by the ASX listing rules and allows for the Company to issue shares at a discount of 10% from the 5 day volume weighted average price during the five days trading immediately proceeding this notice. The SPP will enable all existing shareholders to participate in the continuing growth and development of the Company, at what is now its most exciting period.
All shareholders registered on the record date of Tuesday 23rd October 2007 will be entitled to apply for up to $5,000 of ordinary shares (minimum subscription of $250) at an issue price of 2.5 cents per share, subject to the provisions of the SPP. The offer is subject to the constraint that the Directors reserve the right to ‘scale-back’ (but are not obligated to do so) the issue of new shares for all accepting shareholders pro rata so that the maximum raised does not exceed $500,000. The maximum number of shares that could be issued under this SPP in accordance with ASX rules and the Corporations Act is 122,640,587.

Each offer is made on the same terms and conditions. Shares issued under the plan will rank equally with all other ordinary shares in ReelTime Media Ltd.

Eligible shareholders and employees will receive written notification and application form from Computershare Investor Services Pty Ltd, which will detail how to participate in the offer and the timetable.

The SPP will close on Tuesday 20th November 2007. Late applications will NOT be accepted, and shareholders are encouraged to act promptly if they intend to take up this offer.

Use of Funds
The proceeds of the Share Purchase Plan will be used to provide additional working capital to the Company.