Argo Investments (ARG) announced on the 02/02/2009 that they would be conducting a Share Purchase Plan to raise additional capital. The record date is 18/02/2009 on which shareholders must own the share to participate in the SPP. A maximum of $2,500 can be purchased by each shareholder at a price of $5.120 or a discount of 3% to the average price (average price (VWAP)) prior to the offer date.
Discount : -2.0% Liquidity : Good Profitability : Good Stability : Ok
http://www.argoinvestments.com.au/
* Note: Discount is based on the closing price on the 27 February 2009.
Tags: ARG, Argo Investments, Placement, Share Purchase Plan, SPP
