ReCell Placement and Medical Procedure Overview
Key Offer Details
Offer size and
Structure
Conditional Placement to raise A$9 million, comprising
-
90 million new AVH shares to be issued
New shares issued will rank equally in all respects with existing ordinary shares from allotment
New shares to be issued subject to shareholder approval
-
Not underwritten
Share Purchase Plan ("SPP") will be provided for eligible shareholders
-
SPP is capped at A$2 million for a maximum of A$15,000 per eligible shareholder, at the AVH Board's
discretion
SPP booklet to be mailed to shareholders in due course
Not underwritten
Pricing
-
New shares to be issued subject to the Conditional Placement being approved at the EGM
Fixed price of A$0.10 per share
Discount is based on the AVH closing price as at 13 May 2011 of A$0.150 which represents:
28.6% to the 1-month VWAP (A$0.140)
32.2% to the 5-day VWAP (A$0.148)
33.3% to the last close (A$0.150)
Lead Manager
Wilson HTM Corporate Finance Ltd
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medical
avitaView entire presentation