Papua Mining Plc - Offer for Subscription
Corporate action reference: 201601398
Please note we must be in receipt of your instruction by 17:00 on 23 September 2016.
The Company is proposing, subject to shareholder approval at a General Meeting to be held on 7 October 2016, an Offer for Subscription to qualifying shareholders on the register as at 5.00pm on 12th September 2016 of up to 40,000,000 new ordinary shares at a price of GBP0.01 per share.
Holders can apply for any number of shares subject to the minimum subscription amount of 200,000 shares at a cost of GBP2,000.
All applications may be subject to scaleback.
As you hold your shares with a nominee you may have your election scaled back by a greater or lesser percentage than you would if you held your shares in your own name.
Option 1: Securities Option
Please quote corporate action reference number 201601398.
Option 2: No Action (DEFAULT)
IF YOU WISH TO TAKE NO ACTION, OPTION 2, PLEASE DO NOT REPLY.
Please ensure there are sufficient funds available by 17:00 on 23 September 2016. The amount due will be taken from your account within 10 business days of this date. Please be aware that if funds are not available, your CMS account will become overdrawn for a couple of days until, if applicable, your Direct Debit Instruction is cleared and debit interest may be charged.
Overseas residents should consult their professional advisers as to whether they require any governmental or other consents or need to observe any other formalities to enable them to participate in the offer.
By accepting the offer, you will be representing to us that local laws and regulatory requirements have been complied with, including the obtaining of any governmental, exchange control and other consents that may be required and the payment of any issue, transfer or other taxes or duties due in that jurisdiction.
Please note that this page does not constitute investment or tax advice. If you are unsure of what option to take, or if you are in any doubt as to your tax position, please contact your financial advisor.
If you would like further information about the terminology used in this notification, please visit our Ask A Question site.
If you are an ISA or SIPP client your options may differ.