OBJ 0.00% 1.5¢ obj limited

spp details

  1. 2,784 Posts.
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    Dear Option Holder
    OBJ Limited Non-renounceable Rights Issue
    On 7 December 2009, OBJ Limited ("Company") announced that the Company will be
    conducting a non-renounceable rights issue to shareholders of approximately
    107,119,994 fully paid ordinary shares ("Shares") on the basis of 1 new Share for every
    9 Shares held by shareholders at 5.00pm WST on the Record Date, at an issue price of
    2.3 cents per new Share, together with approximately 53,559,997 new options (each
    having an exercise price of 1.0 cent and an expiry date of 31 December 2010) ("New
    Options"), on the basis of one attaching New Option for every two new Shares issued,
    to raise approximately $2,463,760 ("Rights Issue").
    The Record Date for determining entitlements under the Rights Issue is 4 January 2010.
    You will need to check that your options are currently exercisable under the terms of
    your granted options before you can participate in the Rights Issue.
    To exercise your options and thereby participate in the Rights Issue you will need to
    deliver to the registered office of the Company the following:
    1. a notice in writing to the directors of the Company specifying the number of
    options to be exercised;
    2. your option certificate covering that number of options; and
    3. payment for the exercise price for those options by way of a cheque made
    payable to the Company.
    Each share allotted as a result of the exercise of an option will rank pari passu with all
    other issued ordinary shares of the Company.
    Option Exercise Notices and funds must be received by no later than 5.00 p.m.
    (Western Standard Time) on Wednesday, 30 December 2009.
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