IMM 2.33% 2.1¢ immutep limited

Any type of takeover goes through Ridgeback now that the...

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    Any type of takeover goes through Ridgeback now that the warrants are in the  money.

    Transaction details:
    Initial share placement
    : Ridgeback will invest approx. A$1.25m in Prima through a placement of 72,206,500 fully paid ordinary shares at A$0.0173 per share. The placement will close on Thursday 14 May 2015 and is not subject to shareholder approval.
    Convertible notes: Subject to, and immediately following Prima shareholder approval, Ridgeback will invest a one-off lump sum of approx. A$13.75m in Prima through a convertible note subscription. The Notes will:
    • have a ten year term
    • accrue interest at 3% per annum, payable at maturity
    • be convertible, at Ridgeback's election, into ordinary shares at a price of $0.02 per share (subject to standard adjustments)
    Warrants: As part of the investment, Ridgeback will receive, without additional cost to Ridgeback, two parcels of warrants:
    • As part of the initial share Placement Ridgeback will be granted 8,475,995 ten-year warrants exercisable at any time prior to expiry at A$0.025 (2.5 cents) per share
    • As part of the convertible Note investment Ridgeback will be granted 371,445,231 five-year warrants exercisable at any time prior to expiry at A$0.0237 (2.37 cents) per share.
 
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Last
2.1¢
Change
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Mkt cap ! $71.16M
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2.2¢ 2.3¢ 2.1¢ $82.44K 3.722M

Buyers (Bids)

No. Vol. Price($)
19 10840033 2.1¢
 

Sellers (Offers)

Price($) Vol. No.
2.2¢ 843904 5
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Last update - 16.10pm 19/07/2019 (20 minute delay) ?
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Last updated 15.55pm 19/07/2019 (live) ?
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