The Retail Entitlement Offer opens on Friday, 2 October 2009 and is expected to close at 5.00pm (AEDT) on 21 October 2009, raising approximately $239 million. The Retail Entitlement Offer has been fully underwritten. Retail shareholders who are eligible to participate under the terms of the Retail Entitlement Offer (“Eligible Retail Shareholders”) will have the opportunity to participate at the same price and offer ratio as under the Institutional Entitlement Offer.
Eligible Retail Shareholders may also apply for additional New Shares in excess of their entitlement, subject to any scale back or cap as agreed between AWB and the Joint Lead Managers.
Eligible Retail Shareholders wishing to participate in the Retail Entitlement Offer for New Shares and additional New Shares will need to complete the Entitlement and Acceptance Form which is expected to be mailed to eligible retail shareholders on Friday, 2 October 2009.
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Submissions close 5.00pm (AEDT) on Wednesday, 21 October 2009.
Worth bidding for more ? On recent experience, expect to see oversubscribed, unless significant slump - below issue price, before offer closes.
Will they direct transfer BPay credits to bidders account ?
The difference between long term and short term positions, relates to my budget for next weeks dinner...
AWB Price at posting:
$1.28 Sentiment: LT Buy Disclosure: Held