Get the free Non-Renounceable Pro-Rata Rights Issue: Letter to Shareholders

15April2015 CompanyAnnouncementsOffice AustralianSecuritiesExchange 10thFloor 20BondStreet SYDNEYNSW2000 AnnouncementNumber280 Via:Online NumberofPages:2(includingthispage) VS Code:CCF Dear Sir NonRenounceableProRataRightsIssue:LettertoShareholders

How to fill out non-renounceable pro-rata rights issue

How to fill out a non-renounceable pro-rata rights issue:

1. Understand the concept: Before filling out a non-renounceable pro-rata rights issue, it is crucial to comprehend what it entails. A non-renounceable pro-rata rights issue is an offer made by a company to its existing shareholders, allowing them to purchase additional shares in proportion to their existing holdings.
2. Review the offer document: Obtain a copy of the offer document, which includes all the pertinent details related to the rights issue. This document provides information on the number of additional shares available, the offer price, and the deadline for acceptance.
3. Evaluate your current holdings: Assess your current shareholdings in the company. Determine how many shares you own and calculate the pro-rata entitlement, which represents the proportionate number of additional shares you are eligible to purchase.
4. Decide on participation: Evaluate whether it is financially viable for you to participate in the rights issue. Consider factors such as the offer price, your financial capacity, and your confidence in the company's future prospects.
5. Complete the application form: Fill out the application form provided in the offer document. Ensure that all the required information is accurately provided, including your contact details, shareholder identification, and the number of additional shares you wish to purchase.
6. Calculate the payment amount: Calculate the total amount payable for the additional shares you intend to purchase. Multiply the number of shares by the offer price stated in the offer document.
7. Make the payment: Arrange for payment of the calculated amount within the specified timeframe, adhering to the instructions provided in the offer document. Options for payment may include check, bank transfer, or online payment platforms.
8. Submit the application: Send the completed application form along with the payment to the designated address stated in the offer document. Ensure that it reaches the company before the deadline to be considered valid.

Who needs a non-renounceable pro-rata rights issue?

1. Existing shareholders of the company: Non-renounceable pro-rata rights issues are primarily targeted towards existing shareholders of a company. It provides them with an opportunity to increase their holdings and maintain their proportional ownership in the company.
2. Shareholders looking for investment opportunities: Individuals who believe in the long-term prospects of the company and seek investment opportunities may find the non-renounceable pro-rata rights issue appealing. It allows them to acquire additional shares at a discounted price compared to the prevailing market rates.
3. Shareholders willing to support the company: Shareholders who wish to demonstrate their faith and support in the company's growth plans may choose to participate in a non-renounceable pro-rata rights issue. By acquiring additional shares, they contribute to the company's fundraising efforts and potentially benefit from future growth.

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What is non-renounceable pro-rata rights issue?

Non-renounceable pro-rata rights issue is a type of rights issue where existing shareholders have the right to purchase additional shares in proportion to their existing shareholding, but they cannot sell or transfer these rights to anyone else.

Who is required to file non-renounceable pro-rata rights issue?

Companies that want to offer existing shareholders the opportunity to purchase additional shares in proportion to their existing shareholding through a rights issue.

How to fill out non-renounceable pro-rata rights issue?

To fill out a non-renounceable pro-rata rights issue, companies need to specify the number of additional shares available, the price per share, the ratio of the rights issue, and the deadline for shareholders to exercise their rights.

What is the purpose of non-renounceable pro-rata rights issue?

The purpose of a non-renounceable pro-rata rights issue is to raise additional capital from existing shareholders without diluting their ownership stake.

What information must be reported on non-renounceable pro-rata rights issue?

Information such as the number of additional shares available, the price per share, the ratio of the rights issue, the deadline for shareholders to exercise their rights, and any other relevant details.