Global Construction Services (GCS) announced on the 06/02/2009 that they would be conducting a Share Purchase Plan to raise additional capital. The record date is 27/02/2009 on which shareholders must own the share to participate in the SPP. Shares are expected to be issued on 31/03/2009. A maximum of $5,000 can be purchased by each shareholder at a price of $0.400 or a discount of 4% to the average price (average price (VWAP)) prior to the offer date.
Discount : 3.6% Liquidity : Poor Profitability : Poor Stability : Poor
* Note: Discount is based on the closing price on the 27 February 2009.
Tags: GCS, Global Construction Services, Placement, Share Purchase Plan, SPP
