| Issuer |
Augusta Capital Limited |
| The Offer |
A pro rata accelerated non-renounceable entitlement offer of 1 New Share for every 1.9 Existing Shares held by an Eligible Shareholder at 5:00pm (NZST) on the Record Date, with fractional entitlements being rounded down to the nearest share. A shorter than usual offer period will apply to Eligible Institutional Shareholders, with the Institutional Entitlement Offer taking place over the Business Day of the announcement of the Offer and the following Business Day.
If an Eligible Shareholder does not take up all of its Entitlements, its current shareholding will be diluted as a result of the issue of New Shares. Eligible Shareholders who take up 100% of their Entitlements in the Offer will be diluted by approximately 20%.
|
| Application Price |
$0.55 per New Share. |
| Existing Shares currently on issue |
90,008,205 Existing Shares. |
| Existing Shares to be issued under the placement |
22,502,051 Existing Shares. |
| Maximum number of New Shares being offered under the Offer |
59,215,924 New Shares (subject to rounding). |
| Offer size |
The approximate amount to be raised under the Offer is NZ$32.6 million. |
| New Shares |
The same class as, and ranking equally with, Existing Shares. |
| Eligible Retail Shareholders |
You are an Eligible Retail Shareholder if, as at 5:00pm (NZST) on the Record Date, you are recorded in Augusta’s share register as a Shareholder and:
- your address is shown in Augusta’s share register as being in New Zealand; or
- Augusta considers, in its discretion, you may be treated as an Eligible Retail Shareholder
and you are not in the United States and not acting for the account or beneļ¬t of a person in the United States and not an Institutional Shareholder. |
| How to apply |
Eligible Retail Shareholders
Applications must be made:
- (a) online at
www.augustashareoffer.co.nz; or
- (b) by completing the personalised Entitlement and Acceptance Form and returning it to the Registrar together with payment.
Given disruptions to the postal service, applying online is recommended. If you wish to make a postal application, you should make it as soon as possible so as to ensure that it will arrive before 19 May 2020.
Eligible Institutional Shareholders
The Lead Managers will contact Eligible Institutional Shareholders and advise them of the terms and conditions of participation in the Offer and to confirm their application process. |
| Underwriting |
Mark Francis, managing director, has committed to subscribe for $3 million of New Shares, with the balance of the placement and the Offer fully underwritten by the Underwriters. |