Lynas Corporation (LYC) announced on the 30/3/2011 that they would be conducting a Share Purchase Plan to raise additional capital. The record date was the 29/3/2011 on which shareholders must own the share to participate in the SPP. The closing date is 21/4/2011. Shares will be issued on 29/4/2011 and begin trading on 3/5/2011. A maximum of $5,000 can be purchased by each shareholder at $2.07 or a 2.5% discount to the volume weighted average price.
Discount : 5.0% Liquidity : Good Profitability : Ok Stability : Good
*Note: Discount is based on the closing price on the 22 March 2011.
Tags: LYC, Lynas Corporation, Share Purchase Plan, SPP




Great news for Lynas. Will those holding shares of LYSCF be eligible for the SPP?