Key points
- Eligible shareholders can buy one new share at 40 New Zealand cents for every five existing shares held.
- The record date for the rights issue is Friday, Nov. 3, 2017.
- The rights offer opens Monday, Nov. 6, 2017, and closes Friday, Nov. 24, 2017.
- Shares are expected to be allotted on or before Thursday, Nov. 30, 2017, with holding statements sent that same day.
RIGHTS ISSUE
As announced to market last week, Chatham Rock Phosphate Ltd. intends to undertake a renounceable rights offer to eligible shareholders. Eligible shareholders will be granted the right to acquire one new share at an issue price of 40 New Zealand cents for every five existing shares they hold in the company. Eligible shareholders can choose to apply for more shares beyond this allocation, subject to the availability of shares.
The indicative rights offer timetable is outlined in the attached table.
Event Date (NZDT)
Record date Friday, Nov. 3, 2017
Rights offer opens and
offer booklet sent to
eligible shareholders Monday, Nov. 6, 2017
Closing date for
rights offer Friday, Nov. 24, 2017
Allotment of shares On or before Thursday,
Nov. 30, 2017
Holding statements
sent to shareholders Thursday, Nov. 30, 2017
