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Provider: Thomson Reuters Stock Report
Provider: Wright Reports
Provider: Reuters Investment Profile
Provider: Thomson Reuters Stock Report

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Paragon Care Ltd Announces 2013 Share Purchase Plan

Monday, 27 May 2013 12:39am EDT 

Paragon Care Ltd announced earlier that the Company had successfully completed a placement of approximately 7.5 million ordinary shares to institutional investors at an issue price of AUD0.27 per share, raising a minimum of AUD2 million prior to expenses. The Company is now announced offer to eligible shareholders the opportunity to participate in a Share Purchase Plan (Plan or SPP) to acquire additional ordinary shares at the same issue price of AUD0.27 per share paid by institutional investors under the placement on the terms and conditions enclosed with this letter. This capital raising program, combining institutional placement and SPP (the Capital Program) will raise a minimum of AUD2 million prior to expenses. The purpose of the Capital Program is to provide funds for the Company to retire bank debt, fund working capital and provide for a dividend at the end of the current financial year. The SPP entitles each shareholder of the Company, regardless of their current investment in the Company, to purchase up to $15,000 worth of fully paid ordinary shares in the Company (Shares) at AUD0.27 per Share (subject to scale back at the Company‚Äôs absolute discretion) without incurring brokerage and other transaction costs. The price represents a discount of 27% discount to the closing price on the May 16, 2013 prior to the ASX trading halt. 

Company Quote

0.0050 +1.37%
19 Dec 2014