Panoramic will issue 545,789,394 fully paid ordinary shares ('New Shares') under the Retail Entitlement Offer to raise
Under the Retail Entitlement Offer, eligible shareholders subscribed for 357,453,739 New Shares which represents approximately 66% of the New Shares available for issue under the Retail Entitlement Offer, which includes eligible shareholders taking up 40,503,282 New Shares under the top-up facility ('Top-Up'). Consequently, 182,930,625 New Shares that were not subscribed for under the Retail Entitlement Offer (or allocated under the Top-Up) will be allocated to sub-underwriters in accordance with terms of the subunderwriting agreements and the allocation policy described in the Prospectus. As previously disclosed,
It is expected that New Shares under the Retail Entitlement Offer will be issued on Friday
Panoramic's Managing Director and CEO,
As announced previously,
Contact:
Tel: +61 8 6266 8600
This announcement is not financial product advice and has not taken into account your objectives, financial situation or needs. This announcement has been prepared for release in
Forward looking statements
This announcement may contain certain 'forward-looking statements' which may not have been based solely on historical facts, but rather may be based on the Company's current expectations about future events and results. Where the Company expresses or implies an expectation or belief as to future events or results, such expectation or belief is expressed in good faith and believed to have a reasonable basis. However, forward looking statements are subject to risks, uncertainties, assumptions and other factors, which could cause actual results to differ materially from future results expressed, projected or implied by such forward-looking statements. Such risks include, but are not limited to metals price volatility, currency fluctuations, increased production costs and variances in ore grade or recovery rates from those assumed in mining plans, as well as political and operational risks in the Countries and States in which we operate or sell product to, and governmental regulation and judicial outcomes. The Company does not undertake any obligation to release publicly any revisions to any 'forward-looking statement' to reflect events or circumstances after the date of this announcement, or to reflect the occurrence of unanticipated events, except as may be required under applicable securities laws.
(C) 2020 Electronic News Publishing, source