Cardno (CDD) announced on the 18/02/2009 that they would be conducting a Share Purchase Plan to raise additional capital. The record date is 13/03/2009on which shareholders must own the share to participate in the SPP. Shares are expected to be issued on 14/04/2009 and commence trading on 20/04/2009. A maximum of $5,000 can be purchased by each shareholder at a price of$2.800 or a discount of 10% to the average price (VWAP) prior to the offer date.
Discount : 7.9% Liquidity : Ok Profitability : Good Stability : Ok
* Note: Discount is based on the closing price on the 27 February 2009.
Tags: Cardno, CDD, Share Purchase Plan, SPP
