"The directors of the Company (Directors) who are Eligible Shareholders intend to participate under the Plan. "
"
The Company confirms that any issue of shortfall will be placed subject to the Company’s compliance with ASX Listing Rule 7.1 and/or 7.1A at the time of issue. As at the date of this document, following the completion of the Placement, the Company will have remaining capacity to issue 35,102,145 Shares under its ASX Listing Rule 7.1 capacity and 27,568,096 Shares under its ASX Listing Rule 7.1A capacity. "
Interesting, I wonder if they have anyone line up if us little old retailers don't want to participate. I suppose we won't be able to complain about the big boys getting in cheap if we don't gobble up the offer. Looks like they have plenty of capacity under listing rules to make the shortfall placement if required.
KNL Price at posting:
11.0¢ Sentiment: Hold Disclosure: Held