WWI 14.3% 1.2¢ west wits mining limited

Ann: Prospectus - Underwritten 1 for 4 Rights Issue, page-2

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  1. 1,935 Posts.
    lightbulb Created with Sketch. 167
    was reading the prospectus and found this part which seems very positive, question is what do they know that we aren't privy to?

    The Underwriter has informed the Company that Twynam Agriculture Group Pty Ltd has agreed to sub-underwrite
    part of the Rights Issue. The maximum number of New Shares which may be received by Twynam Agriculture Group
    Pty Ltd as a sub-underwriter is 54,234,576 New Shares, being the difference between its post Rights Issue holding
    (above) and 19.9% of the total post Rights Issue number of Shares, which is the maximum percentage relevant interest
    it may hold after the Rights Issue is complete. The actual percentage will be less depending on the level of acceptances
    of entitlements by other shareholders. Twynam Agriculture Group Pty Ltd will not receive any fees in respect of taking​
    up its entitlement to New Shares.

    regards timmo
 
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