FOR 0.30% $1.64 forager australian shares fund

Ok, few questions: 1) So basically what you saying for...

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  1. 163 Posts.
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    Ok, few questions:

    1) So basically what you saying for shareholders who took up the rights issue, they have ADDITIONAL right to buy more shares (from the shares left over that was allocated to those who didn't take up the rights offer)?? If so, how much can they buy and how does it work exactly?

    2) What is a Shortfall (with capital S) and who is the Responsible Entity?? How do you "issue" a Shortfall?? The sentence I highlighted in bold isn't even grammatically correct and makes no sense, also whose gonna go through Chapter 6 in the Corporations Act and guess which provision they're referring to???

    "Section 1.8: In the event there is a Shortfall in subscriptions under the Offer (including applications for Additional Units), the Responsible Entity may issue the Shortfall in its absolute discretion. They will do so in a manner which will ensure that no Unitholder or other investor will, as a consequence of taking up their Entitlement, Additional Units and being issued any Shortfall, be in breach of the takeovers provisions in Chapter 6 of the Corporations Act. Any Shortfall will be issued within three months after the Closing Date at an issue price being not less than the Issue Price of $1.58 per New Unit."

    3) What if FIG share price continue to fall, say NTA fell to $1.40 and share price reflects that, you said insiders from Forager will pick up the shares left over (using their personal money I guess), what will happen then since the issue price is @ $1.58??

    Sorry if I asked too many questions.
 
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