Ann: Prospectus - renounceable issue , page-2

I thought this capital raising would occur after the "takeover", but here it is now. One of the underwriting clauses is that the indexes ought not fall below 7.5% from yesterday's close. Yesterday's close was 4314.3 for the All Ords. Today's close was 4375. Today's close 4322. Down 1% already! The index would have to fall about 300 points from 4314 to be a problem. If we are >4000 by 6th June we should be right.

Anyone can please correct my sums if I have the above wrong. And DYOR etc.