re: Ann: Share Purchase Plan dipatched to sha...
Is this option just an after thought to make the SPP more attractive. We have to apply for it separately?
"Following the close of the SPP, the Company will make a separate offer to those Shareholders who subscribed for the SPP of one free option for every two Shares subscribed for under the SPP (Free Options) by way of prospectus. The Free Options will be on the same terms as the free options granted under the placement, being exercisable at 6 cents per Share expiring on 14 May 2015. The Company will seek to have the Free Options listed on the ASX. The prospectus will be sent to each Shareholder who subscribes for the SPP Offer (Prospectus). Such persons will need to complete the application form that will be in, or will accompany, the Prospectus to acquire the Free Options.
AYN Price at posting:
2.5¢ Sentiment: Hold Disclosure: Held