28 April 2017
Share Purchase Plan Allocation
As announced on 21 April 2017, the Share Purchase Plan which closed on 20 April 2017 was exceptionally well supported, with a total of approximately $17.96 million in applications received (including overpayments of $0.13 million which will be refunded in full).
This level of applications exceeds the Company's requirements and the SPP capped amount of $10 million, and the Board has determined not to accept applications in excess of that amount.
As a consequence of the oversubscription, the Board has resolved to scale back the issue of the SPP shares, pro-rated to 56% across all applications (being $17.8 million after refunding overpayments).
The timetable for completion of the SPP remains as follows:
Allotment of New Shares issued under the SPP | 28 April 2017 |
ASX quotation of New Shares issued under the SPP | 1 May 2017 |
Despatch of Confirmation Statements | 3 May 2017 |
For enquiries: Paulene Henderson
Company Secretary
Tel: (07) 5588 8888
securityholder@villaworld.com.au
Villa World Limited published this content on 28 April 2017 and is solely responsible for the information contained herein.
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