LaserBond Limited is pleased to offer you the opportunity to subscribe for fully paid ordinary shares in the Company (New Shares) under a Share Purchase Plan (SPP).
Under the SPP, Eligible Shareholders have the opportunity to subscribe for up to $30,000 of New Shares at an issue price of $0.87 per New Share (Issue Price). The Issue Price represents a 5.4% discount to the closing price of Shares on 14 December 2021 and a 7.7% discount to the volume weighted average market price of Shares over the last five days on which sales of Shares were recorded on the Australian Securities Exchange (ASX) immediately prior to the Company undertaking its recent placement.
To view the Share Purchase Plan Offer Booklet, please click here
Not a lot of detail as to what the funds will be used for - in the SPP booklet it just says "The Board presently intends that the funds raised from the SPP will be applied towards working capital"