Rights distribution3 Jan 2015 12:43
Details of the Offer:
The Offer to shareholders is five (5) fully paid ordinary shares (" Shares") in the capital of the Company for every one (1) Share held by shareholders ('Offer'). The Offer is being made to all shareholders of the Company (Shareholders) named on its register of members at 5.00pm (WST) on 22 December 2014, whose registered address is in Australia, New Zealand or United Kingdom ("Eligible Shareholders").
The Entitlement Issue is renounceable and the Entitlements will be able to be traded on the ASX. However, due to the lack of liquidity of the Company's Shares on AIM, the Board determined that the additional cost and time required does not justify having the Entitlements tradable on AIM. Accordingly, if you are a Holder of Depositary Interests in respect of Shares, with a registered address in Australia, New Zealand or the United Kingdom, and you wish to trade your Entitlement, you will be required to transfer your Entitlement to an Australian registered stockbroker who is able to trade securities on the ASX. This is only available to Shareholders whose Entitlements are registered under a Holder Identification Number under the CHESS system ("HIN") and have completed a share transfer form (to be enclosed wth the prospectus) which is received by Computershare Investor Services PLC before Friday, 30 January 2015.
Should holders of Depositary Interests not have an established account with an Australian stockbroker, they should contact the Company for the contact details of Australian brokers (however the Company shall not assume any liability for any arrangements between any holder of Depositary Interests and any such Australian brokers).
The Key dates to the offer does say that the shares can be traded on AIM from 16th February 2015 - Clear as mud.