Share Allotment
The allotment of shares has occurred today under the Share Purchase Plan of Widespread Portfolios Limited dated 15 May 2008. Existing shareholders that subscribed for shares under the Plan will be sent statement of their new holdings shortly.
A total of 41,954,585 shares were subscribed for at $0.0125 per share, raising a total of $524,432.31 in new capital for Widespread Portfolios. The capital raised will be used to increase Widespread Portfolios' interests in its existing investments and for investment in new opportunities that fall within its investment strategy.
The Board is delighted with the level of uptake by shareholders in the Plan, particularly given the difficult economic conditions at present and thanks shareholders for their continued support of Widespread Portfolios.
The following information is provided in accordance with Listing Rule 7.12:
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Class of security: |
Ordinary Shares |
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ISIN: |
NZNZIE0007S5 |
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Number issued: |
41,954,585 |
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Issue price: |
$0.0125 per share |
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Payment in cash: |
Yes |
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Fully paid: |
Yes |
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Percentage of class: |
4.11% |
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Purpose of the issue: |
To raise further funds for investment. |
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Authority for the issue: |
Board resolution |
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Terms or conditions of the issue: |
As set out in the Share Purchase Plan booklet dated 15 May 2008 |
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Total number of shares on issue following allotment: |
1,061,971,504 (excluding treasury stock of 9,500,000 shares) |
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Date of issue: |
20 June 2008 |
On behalf of the Board,
Chris D Castle
Director
