RE: Share issue31 Mar 2014 18:25
Further to this I have received notification too, the two main parts (I think):
Ex-entitlement date: 24th March 2014)
(Entitlement ratio: 1-for-9)
(Subscription ratio: 1-for-1)
(Subscription price: GBP0.17)
(New shares: 17th April 2014)
(Option 1: Sub shares to lapse (Default))
(Option 2: Sub shares to exercise)
(Option 3: Apply for additional shares)
The default option will apply to all holders who do not make an election by the deadline date.
and this:
Amara Mining Plc has announced its proposal to raise approximately GBP4.2million by issuing 24,468,439 new ordinary shares through an
Open Offer, with an ex-entitlement date of 24th March 2014.
Entitled shareholders have been credited with 1 subscription share for every 9 existing ordinary shares held. Each subscription share entitles
the holder to subscribe for 1 new ordinary share in Amara Mining Plc at a price of GBP0.17 per share.
Holders may also apply for additional shares beyond their basic entitlement. Please be aware, excess applications may be subject to a scaling
back.
Amara Mining Plc has announced its proposal to raise approximately GBP4.2million by issuing 24,468,439 new ordinary shares through an
Open Offer, with an ex-entitlement date of 24th March 2014.
Entitled shareholders have been credited with 1 subscription share for every 9 existing ordinary shares held. Each subscription share entitles
the holder to subscribe for 1 new ordinary share in Amara Mining Plc at a price of GBP0.17 per share.
Holders may also apply for additional shares beyond their basic entitlement. Please be aware, excess applications may be subject to a scaling
back.
Would be greatful of some help on what this all means.
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