News and Announcements
Bulletproof Share Purchase Plan Over-Subscribed
- Published November 05, 2015 11:49AM UTC
- Publisher Wholesale Investor
- Categories Company Updates
4th November 2015, ASX Announcement
Bulletproof Group Limited (ASX: BPF) is pleased to announce that the offer to eligible shareholders to participate in a share purchase plan (SPP) announced on 16 September 2015, has been completed with strong demand resulting in applications for three times the expected take-up. The plan was announced with an offer price of $0.25 per share, the same price as the institutional placement that was used to fund the acquisition of Infoplex Pty Ltd. A waiver from the ASX was granted under listing rule 7.1 to allow an offer price at a 22.6% discount to the 5-day VWAP prior to the offer being announced.
The Company advises that applications will be scaled back equally by around 24% to arrive at a final total of $3.5m, some 2.3x the initially expected take-up.
To read the full announcement, please click here.
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