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ASX ANNOUNCEMENT 8 December 2022Dispatch of Share Purchase Plan Offer Documents Not for release or distribution in the United States Red Dirt Metals Limited (ASX: RDT) (Red Dirt or the Company) advises
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A share purchase plan (SPP) opens when a company offers its existing shareholders the opportunity to purchase additional shares at a predetermined price, typically at a discount, during a specified period.
Companies that are offering a share purchase plan to their shareholders are required to file the necessary documentation and disclosures with the relevant regulatory authorities.
To fill out a share purchase plan opens, companies need to complete the required forms provided by regulatory authorities, detailing the plan's terms, eligibility, purchase price, and any disclosures relevant to shareholders.
The purpose of share purchase plan opens is to enable existing shareholders to buy additional shares, typically at a discount, while raising capital for the company without the need for a formal offering.
Information that must be reported includes the number of shares offered, the purchase price, eligibility criteria, the time frame for the offer, and any risks associated with purchasing additional shares.
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