PEB - Pacific Edge Ltd

[Maxtrade]

Looks like it is $1.35

Where have you been able to confirm this?

The announcement only noted the following...
Shares will be offered at the lower of the price paid for shares under the placement and the volume weighted average
price of Pacific Edge's shares on the NZX over the 5-day trading period before the closing date of the retail offer (being 13 October 2021, unless extended)

[percy]

Where have you been able to confirm this?

The announcement only noted the following...
Shares will be offered at the lower of the price paid for shares under the placement and the volume weighted average
price of Pacific Edge's shares on the NZX over the 5-day trading period before the closing date of the retail offer (being 13 October 2021, unless extended)

From a Chris Lee & Partners email this morning;
Pacific Edge (PEB) has announced today that it intends to raise approximately $80m via a share placement at a discounted price of $1.35. This represents a 9% discount to the last closing price.

We anticipate that there will be scaling. Pacific Edge will proritise existing shareholders with more than 450,000 shares.

[blu3]

Where have you been able to confirm this?

It's listed on Jarden Direct's website, see attached screenshot.

Although I'm not too sure to understand what the following sentence is supposted to mean: “there is a price range of $1.25, $1.30 and $1.35 on the issue. However we will only be accepting bids at the top price of $1.35 (the issue price may be lower).”

Screenshot from 2021-09-23 10-23-45.jpg

[Maxtrade]

The more experienced investor here might be able to help explain why this is included and of importance?

This announcement has been prepared for publication in New Zealand and may
not be released to US wire services or distributed in the United States. This
announcement does not constitute an offer to sell, or a solicitation of an
offer to buy, securities in the United States or any other jurisdiction. Any
securities described in this announcement have not been, and will not be,
registered under the US Securities Act of 1933 and may not be offered or sold
in the United States except in transactions exempt from, or not subject to,
the registration of the US Securities Act and applicable US state securities
laws. Shares under the Retail Offer will not be offered or sold to persons
resident in the United States.

[Balance]

The more experienced investor here might be able to help explain why this is included and of importance?

This announcement has been prepared for publication in New Zealand and may
not be released to US wire services or distributed in the United States. This
announcement does not constitute an offer to sell, or a solicitation of an
offer to buy, securities in the United States or any other jurisdiction. Any
securities described in this announcement have not been, and will not be,
registered under the US Securities Act of 1933 and may not be offered or sold
in the United States except in transactions exempt from, or not subject to,
the registration of the US Securities Act and applicable US state securities
laws. Shares under the Retail Offer will not be offered or sold to persons
resident in the United States.

Standard with all CR which are not registered in the US.

[baaantom]

So PEB including this CR has raised approx $270m compared to Xero's approx $680m? Is that correct?

[Balance]

It's listed on Jarden Direct's website, see attached screenshot.

Although I'm not too sure to understand what the following sentence is supposted to mean: “there is a price range of $1.25, $1.30 and $1.35 on the issue. However we will only be accepting bids at the top price of $1.35 (the issue price may be lower).”

Screenshot from 2021-09-23 10-23-45.jpg

Excellent outcome if they place the shares at $1.35.

[MarineSalvage]

Excellent outcome if they place the shares at $1.35.

Just got the Sharesies offer! that was fast

[Beat the Bank]

Interesting the different brokerage. No charge from Jardens or Sharsies but there is from Chris Lee.

Please note that brokerage will be charged. Chris Lee
You won’t be charged the Sharesies transaction fee.
No brokerage is payable by the client. Jardens

I opened a Sharsies account due to high fees from Chris Lee on only partial acceptance of previous offers.

I have a stack of these so hope to get mine from the retail offer, I haven't read it yet. Is this the right thing to do? Or should we go for both? Thanks in advance.

[Azza]

Having a quick skim over it all, looks like Sharsies will allow for both the placement and the retail. Think I'll split between the both of them to see how the ASX open pans out.