Analytica Limited Eyes $1.5 Million in New Renounceable Offer

KEY TAKEAWAYS:

• Analytica has prepared a Prospectus, containing the details of the Entitlement Offer, and has sent this to eligible shareholders by September 28.
• Analytica Limited is set to raise $1.593 million as it undertakes a renounceable pro-rata entitlement offer to eligible shareholders with a registered address in New Zealand or Australia.
• Eligible shareholders can trade their rights to subscribe for new shares.

Analytica Limited expects to raise $1.593 million as it undertakes a renounceable pro-rata entitlement offer to eligible shareholders with a registered address in New Zealand or Australia. Shareholders with addresses outside of the two areas are considered ineligible shareholders.

The company decided not to extend the offer to ineligible shareholders considering the complexity, legal costs and requirements of specific authorities in other jurisdictions.

The entitlement offer, with an offer price of 0.5 cents for every new share, consists of one share for every eight existing shares held by a shareholder as of 7 p.m. on September 21.

Shareholders who intend to apply for the entitlement offer can opt for two Attaching Options: a share exercisable at 0.5 cents expiring on January 31, 2018, or a share exercisable at 0.5 cents expiring on May 31, 2018.

Eligible shareholders can apply for Additional Shares, or shares not subscribed by the other eligible shareholders. However, its allocation will be at the discretion of the directors and limited only to the number of shortfall shares. Successful applications will also have a dig at the Attaching Options.

The entitlements for the successful applicants under the offer are renounceable. Rights of the shareholders to subscribe for new shares and also the Attaching Options the ASX can be traded on ASX to any party from September 26 to October 5, the period stated for the rights trading period.

Analytica will add the fresh funds raised to its general working capital and use it to fund the PeriCoachTM System development. The company has 2,549,136,332 shares currently on issue and 318,642,042 shares under the offer of entitlement.

Analytica has prepared a Prospectus which contains all the offers being made. It also includes all details pertaining to the entitlement offer including the expenses related to the offer and the use of its proceeds.

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