Share Purchase Plan (SPP)

Manuka Resources Share Purchase Plan (SPP)

 

Company is offering eligible Shareholders in Australia and New Zealand the opportunity to subscribe for up to $30,000 worth of New Shares under the SPP.

The issue price for New Shares under the SPP will also be $0.07 (i.e. the same price investors paid for New Shares under the Placement) will represent an 8% discount to the 5day VWAP.

No brokerage or transaction costs are payable for New Shares issued under the SPP and all New Shares issued under the SPP will rank equally with all other existing shares in the company from the date of issue.

An offer booklet for the SPP (which will contain the full terms and conditions of the SPP and a personalised application form) (Offer Booklet) has been sent to eligible Shareholders (i.e. Shareholders with a registered address in Australia or New Zealand as at 7pm on 1 February 2024).

SPP Indicative dates:

SPP Record Date

7pm (Sydney time) on Wednesday, 1 February 2024

Opening Date

Wednesday, 7 February 2024

Closing Date

5pm (Sydney time) on Friday, 23 February 2024

Results Announcement

Tuesday, 27 February 2024

Issue Date

Wednesday, 28 February 2024

New Shares quoted on ASX

Friday, 1 March 2024

 

The SPP opened on 7 February 2024 and, unless the closing date for the SPP is extended or the SPP is closed earlier or withdrawn by the Company, is expected to close at 5pm (Sydney time) on 23 February 2024. Applications for New Shares can only be made in $1,000 increments and must be for a minimum of $1,000 and a maximum of $30,000. The $30,000 limit applies irrespective of the number of Company shares you held on the SPP Record Date. The New Shares to be issued under the SPP are expected to be issued by the Company on 29 February 2024.

 

Example SPP parcels

Dollar value of SPP shares

Number of SPP shares

at $0.07 each

A

$1,000

14,285

B

$2,000

28,571

C

$3,000

42,857

D

$4,000

57,142

E

$5,000

71,428

F

$10,000

142,857

G

$15,000

214,285

H

$20,000

285,714

I

$25,000

357,142

J

$30,000

428,571


MKR - SPP Shareholder Letter 

MKR - SPP Offer Booklet 

Investor Presentation (ASX release 2 Feb 2024)