Member Info for Sanderling

PJT, My agenda is simply not to be continually forcibly diluted!!

Morgz, the funding will be done if we vote no- just in a more equitable way

Good Morning All, This is my first post here- I am a relatively new investor and have built up a decent holding over the past 6 months. The growth outlook for INFA is very positive in my opinion underlined by the Saipem contract and I am sure many more decent contracts to come in cruise/windfarm and defense. In addition the IM ML will hopefully come through soon
Unfortunately the impact of dilutive placings like this is to expropriate (steal)that growth from ordinary shareholders with favoured shareholders and Directors allowed to buy in to that growth at a discount. If this goes through, ordinary shareholders will never realise that future growth- it will be diluted away.... Clearly more funds will be required going forward with more dilution
Voting No here will result in a short term wobble in the price but the demand is clearly there and all shareholders should have pre emption rights ( ie not to be forcibly diluted),
This fund raise should be done as an underwritten rights issue in order to preserve value for all shareholders and imo, investors should vote against!!