Announced today. Full plan 22 pages but summary as per email to holders:
Offer Summary
On 19 October 2023, Liontown Resources Limited (ACN 118 153 825) (Liontown) announced that it would be conducting a share purchase plan (SPP) to raise up to approximately $45 million.
The SPP provides eligible shareholders with the opportunity to acquire up to A$30,000 worth of Liontown ordinary shares (Shares) without paying any brokerage costs, commission or other transaction costs.
Eligible shareholders participating in the SPP will be able to purchase new Shares (New Shares) at an issue price that is the lower of:
- A$1.80 per New Share, being the same price per Share paid by institutional investors under the Placement announced on 19 October 2023; and
- a 2% discount to the 5-day volume weighted average price of Liontown shares traded during the five ASX trading days up to, and including, the closing date (expected to be 20 November 2023) (rounded to the nearest cent).
Participation in the Offer by Eligible Shareholders is entirely optional.
Eligible Shareholders are encouraged to read the SPP Booklet carefully and in its entirety before making an investment decision and if required, consult their stockbroker, solicitor, accountant or other independent professional advisor.
If you have any questions, please call your stockbroker, solicitor accountant or other professional adviser or the Liontown Offer Information Line on 1300 850 505 (within Australia) or +61 3 9415 4000 (outside Australia) between 8:30am and 5:00pm (Sydney time), Monday to Friday during the Offer Period.
Held
