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Not for release to U.S. wire services or distribution in the United StatesASX RELEASE 23 November 2023 | ASX: KARRetail Entitlement Offer opens and despatch of Retail Offer Booklet to Eligible Retail
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Who needs retail entitlement offer update?

01
Retail investors who are eligible and interested in participating in the entitlement offer
02
Existing shareholders of the retail company
03
Investors looking to increase their investment in the retail company
04
Individuals or entities meeting the eligibility criteria specified in the offer
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A retail entitlement offer update is a communication provided to existing shareholders regarding the terms and conditions of a new share offering, allowing them to purchase additional shares in proportion to their existing holdings.
Companies that are making a retail entitlement offer to shareholders are required to file a retail entitlement offer update.
To fill out a retail entitlement offer update, companies must provide specific details on the offer, including the number of shares offered, pricing, and the timeline for the offer, typically using prescribed forms required by regulatory authorities.
The purpose of a retail entitlement offer update is to inform shareholders about the offer, ensure transparency in the process, and provide them with the necessary information to make informed decisions regarding their investment.
Information that must be reported includes the offer price, number of shares available, eligibility criteria, important dates, and any other material terms of the offer.
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